Real Estate Investing in Carmel-by-the-Sea, California

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 14,836 • Monterey County

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Should you buy in Carmel-by-the-Sea, CA? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (40/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 23.0% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Carmel-by-the-Sea, CA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.9% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $1,181,768
Avg Monthly Rent $5,142
ZIP Codes 2

Investing in Carmel-by-the-Sea Real Estate

Carmel-by-the-Sea, CA covers 2 ZIP codes and a population but the investment metrics here are sluggish — this is not a market to enter casually.

plainly Carmel-by-the-Sea's aggregate rating of ★★★☆☆ reflects soft investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Rent trends and price trends in Carmel-by-the-Sea are both soft, which is the uncomfortable combination that defines distressed-leaning markets in California.

Carmel-by-the-Sea's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Salinas, CA

Carmel-by-the-Sea is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Monterey County

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36 North Property Management is a leader in Monterey County, providing property management services. summary from their website

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A. G. Davi Property Management is a full-service property management company in Monterey, California, offering commercial, long-term residential, and vacation rental management services. summary from their website

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Creative Property Management is a premier property manager on the Monterey Peninsula, offering residential and commercial income property management services with over 40 years of experience. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$1,181,768
Avg Monthly Rent
$5,142
1% Rule
✗ Below
Landlord Friendly (CA)
⚖️ Balanced Market — Salinas, CA metro
50
Days to pending
7.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Carmel-by-the-Sea, CA

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Frequently Asked Questions About Carmel-by-the-Sea, CA

How much should I expect to pay for a home in Carmel-by-the-Sea, CA?

Carmel-by-the-Sea, CA median home values land near $1.2M. That is reasonable territory for investors looking at $5,142/mo-per-month rentals.

What is the typical vacancy rate in Carmel-by-the-Sea, CA?

Expect elevated vacancy in Carmel-by-the-Sea, CA. Rents at $5,142/mo are absorbed by the tenant base without meaningful lag.

What does house hacking look like in Carmel-by-the-Sea, CA?

House hacking in Carmel-by-the-Sea, CA is reasonable to execute. Prices around $1.2M and rents of $5,142/mo solid owner-occupant economics.

What do landlords charge for rent in Carmel-by-the-Sea, CA?

Investors in Carmel-by-the-Sea, CA typically see rents near $5,142/mo per month against $1.2M home values - a solid setup for rental cash flow.

Is the tenant base reliable in Carmel-by-the-Sea, CA?

Carmel-by-the-Sea, CA offers a predictable renter base at the $5,142/mo rent level. Tenant turnover is reasonable for well-managed properties.

Community Ratings

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