Zip 93940 (Monterey, CA) Housing

The housing market in 93940 Monterey, CA is relatively expensive compared to the US median. The median value for housing in this area is $1,056,800 which is over three times the US median of $338,100. Although the appreciation rate of housing in this area is lower than the national average at 7.80%, it still reflects a healthy appreciation rate year on year.

The median home cost in Monterey (zip 93940) is $1,056,800. Home appreciation the last 10 years has been 157.7%. Home Appreciation in Monterey (zip 93940) is up 14.7%.

Average Age of Homes

- The median age of Monterey (zip 93940) real estate is 47 years old

The Rental Market in Monterey (zip 93940)

- Renters make up 53.7% of the Monterey (zip 93940) population
- 1.7% of houses and apartments in Monterey (zip 93940), 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
	15,971.0	139,647,020.0
	51	42
	$1,056,800	$338,100
	14.7%	16.6%
	55.6%	57.0%
	157.7%	101.1%
	$6.72	$10.98
	$5,787	$2,690
	36.8%	57.4%
	9.0%	11.2%
	54.2%	31.4%
Vacant Housing
	1.7%	1.9%
	0.5%	0.4%
	0.0%	0.7%
	0.1%	0.4%
	5.5%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.0%	4.5%
	0.4%	11.3%
	0.0%	13.0%
	1.5%	20.1%
	2.2%	13.6%
	5.1%	8.3%
	25.6%	9.7%
	31.5%	3.9%
	17.7%	2.2%
	6.9%	0.8%
	7.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.2%	13.6%
	5.2%	13.6%
	7.5%	13.6%
	13.7%	13.2%
	19.7%	14.8%
	7.5%	13.6%
	20.8%	10.0%
	5.7%	4.7%
	11.2%	12.2%

Reviews for Monterey

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Crystalena · Seaside, CA

A 2018 review from a family of three

Over 7 years ago

My husband and I have lived in Monterey for 7 years. We are self employed business owners. We started the business because wages were too low to sustain us here and we More