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Monterey, CA
Full City Profile · California · Monterey County County
3.0
/5.0
B
Good
29,772
Population
3,442/sq mi density
$104,110
Median Income
$62,541 per capita
$1,003,300
Home Value
$1,143,224 Zillow
$2,288
Median Rent
31.9% income on rent
57°F
Avg Temperature
323 sunny days/yr
275
Violent Crime/100K
3,441 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$104,110 median income, 3.0% unemployment
F
Affordability
1.2 / 5.0
$1,003,300 home value, $2,288/mo rent
F
Safety
1.0 / 5.0
275 violent crimes/100K
A+
Education
5.0 / 5.0
54.4% bachelor's degree or higher
Housing Overview
Median Home Value
$1,003,300
256% above
US avg: $281,900
Median Rent
$2,288/mo
97% above
US avg: $1,163/mo
Homeownership Rate
37.9%
42% below US avg (65.4%)
Total Housing Units
13,988
Median year built: 1969
Home Value by Source
Census Median
$1,003,300
Zillow (ZHVI)
$1,143,224
Median Sale Price
$855,000
Median List Price
$1,097,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
37.9%
Owner-Occupied
62.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$2,173/mo
1 Bedroom
$2,232/mo
2 Bedroom
$2,684/mo
3 Bedroom
$3,623/mo
4 Bedroom
$3,945/mo
Census median rent:
$2,288/mo
· Zillow rent:
$2,856/mo
Market Indicators (Redfin)
Median Days on Market
58 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
26.4%
of listings with price reduction
Price Per Sq Ft
$714
Active Inventory
53
homes for sale
Affordability & Housing Stock
Rent Burden
31.9%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
37.9%
Complete Housing Data
Home Values
| Census Median Value | $1,003,300 |
| Zillow Home Value (ZHVI) | $1,143,224 |
| Median Sale Price | $855,000 |
| Median List Price | $1,097,000 |
| Price Per Sq Ft | $714 |
Rent
| Census Median Rent | $2,288 |
| Zillow Rent (ZORI) | $2,856 |
| FMR Studio | $2,173 |
| FMR 1-Bedroom | $2,232 |
| FMR 2-Bedroom | $2,684 |
| FMR 3-Bedroom | $3,623 |
| FMR 4-Bedroom | $3,945 |
Market
| Days on Market | 58 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 26.4% |
| Homes Sold | 8 |
| Active Inventory | 53 |
| Price Per Sq Ft | $714 |
Ownership & Stock
| Owner-Occupied | 37.9% |
| Renter-Occupied | 62.1% |
| Homeownership Rate | 37.9% |
| Total Housing Units | 13,988 |
| Median Year Built | 1969 |
| Rent Burden | 31.9% |