Housing & Real Estate — Monterey, California
Overview
| Total Housing Units | 13,760 |
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| Occupied | 12,420 |
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| Vacant | 1,340 |
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| Owner-Occupied | 4,704 |
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| Renter-Occupied | 7,716 |
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| Median Home Value (Census) | $1,076,300 |
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| Estimated 2026 | ~$1,269,000 |
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| Median Rent | $2,288/mo |
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| Median Property Tax | $6,071/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | very expensive |
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| Rent as % of Income | 26.7% |
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| Severely Rent-Burdened | 45.0% |
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Housing Age
| Built 2010 or later | 516 |
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| Built 2000-2009 | 706 |
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| Built 1990-1999 | 775 |
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| Built before 1960 | 4,800 |
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| Median Year Built | 1969 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
