Welcome to our 93940 real estate data hub, tailored for investors in Monterey, CA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 93940 in Monterey, CA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MONTEREY COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Monterey, CA real estate investing. Uncover the wealth of information available, and position yourself for success in the Monterey property market.
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Location Overview
- Zip Code: 93940
- City: Monterey
- State: CA
- Metro Area: Salinas, CA
- County Name: MONTEREY COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $1,064,532
- Average Home Price (Single Family Homes): $1,139,713
- Average Monthly Rental Price (All Types): $2,567
- Price-to-Rent Ratio: 35
- Zillow Projected % appreciation from 4/2023-4/2024: 1.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $3,590
- Average 3 Bedroom Section 8 Rental Rates: $5,090
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 24.71
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.43
- Number of Units Offered in Section 8 in the County: 414
- Number of Occupied Units in Section 8 in the County: 376
- Percentage of Section 8 Units Occupied in the County: 90.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 295.85
- Total % Appreciation since 2000 (Government Data): 133.9
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.55%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.8%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.08%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.21%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 117.4%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.21%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 85.79%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.42%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.33%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 21.73%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.08%