Monterey County, CA Housing

The housing market in Monterey, CA County is highly sought after due to its prime location and stunning views. The median value for a house in the county is $764,900, which is significantly higher than the US median value of $338,100. Despite this high price tag, the 1 year house appreciation rate in Monterey is 7.56%, slightly lower than the national average of 8.27%. Regardless of this minor difference in appreciation rates, buyers continue to flock to Monterey for its perfect combination of beauty and potential investment.

The median home cost in Monterey County is $764,900. Home appreciation the last 10 years has been 155.5%. Home Appreciation in Monterey County is up 14.6%.

Average Age of Homes

- The median age of Monterey County real estate is 44 years old

The Rental Market in Monterey County

- Renters make up 45.2% of the Monterey County population
- 1.5% of houses and apartments in Monterey County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monterey, California	United States
	143,094.0	139,647,020.0
	47	42
	$764,900	$338,100
	14.6%	16.6%
	54.8%	57.0%
	155.5%	101.1%
	$6.99	$10.98
	$4,168	$2,690
	47.0%	57.4%
	9.2%	11.2%
	43.9%	31.4%
Vacant Housing
	1.5%	1.9%
	0.2%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	4.3%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.9%	2.4%
	0.7%	2.8%
	0.9%	3.9%
	0.7%	4.5%
	1.2%	11.3%
	0.9%	13.0%
	4.5%	20.1%
	10.6%	13.6%
	16.3%	8.3%
	30.6%	9.7%
	15.1%	3.9%
	8.2%	2.2%
	3.4%	0.8%
	4.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	12.6%	13.6%
	13.8%	13.2%
	18.5%	14.8%
	12.6%	13.6%
	14.1%	10.0%
	6.5%	4.7%
	7.1%	12.2%

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