Real Estate Investing in Lockwood, California (93932)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93932 (Lockwood, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 14.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 28.8 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lockwood, CA (93932)?
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Market Analysis: 93932 Lockwood
Not every below-median market is a bargain. Lockwood's 93932 ZIP sits at signals that favor experienced operators who can absorb the risk $836K pricing implies.
The investment case in 93932 is durable only for operators who understand what they are buying. A $836K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 93932 sits on the difficult end of the CA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 93932 ZIP's population of 431 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The 93932 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lockwood:
Market Trends
Home Value History (with trend line)
📊 How Does 93932 Compare?
| Metric | 93932 | Lockwood | Salinas, CA | California |
|---|---|---|---|---|
| Home Value | $836,298 | $836,298 | N/A | $761,003 |
| 5-Year CAGR | 0.9% | 0.9% | N/A | 5.7% |
| Avg Rent | $2,421 | $2,421 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93932 (Lockwood, CA). Anonymous, moderated, never written by AI.
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Property managers serving Monterey County
Manage rentals here? List your business →36 North Property Management is a leader in Monterey County, providing property management services. summary from their website
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
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
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $836,298 |
| Monthly Rent | $2,421 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 3.2% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 93932
Population: 431
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 93932
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Does Lockwood, CA make sense for an investment property?
With a 2.0/5 investability score, Lockwood, CA ranks as a solid market for rental property investors. Median prices of $836K and rents of $2,421/mo drive the underlying numbers.
Is CA a landlord-friendly state?
Landlord-friendliness in Lockwood, CA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How quickly do rentals get leased in Lockwood, CA?
Lockwood, CA carries elevated vacancy risk. Expect stable absorption at market rents of $2,421/mo.
Is Lockwood, CA better for rentals, flips, or BRRRR?
Lockwood, CA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($836K prices, $2,421/mo rents) make it a reasonable choice.
What is the typical rental rate in Lockwood, CA?
Investors in Lockwood, CA typically see rents near $2,421/mo per month against $836K home values - a solid setup for rental cash flow.
You know 93932 now. You don’t know where it ranks.
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How 93932 ranks in Salinas, CA
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