Real Estate Investing in Big Sur, California (93920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93920 (Big Sur, 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: 15.9% of homes vacant — above national norms.
- Declining values: -0.1% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 60.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Big Sur, CA (93920)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93920 Big Sur
Not every below-median market is a bargain. Big Sur's 93920 ZIP comes in at signals that favor experienced operators who can absorb the risk $1.8M pricing implies.
For an experienced owner, 93920 can be a worth a close look for hunting ground — but the discount at $1.8M reflects genuine risk that outside investors often underestimate.
ZIP 93920's metrics run below Monterey County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 93920 ZIP's population of 1,564 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategy in 93920 is an operator game, not a passive one. From an investor standpoint, entry prices of $1.8M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Big Sur:
Market Trends
Home Value History (with trend line)
📊 How Does 93920 Compare?
| Metric | 93920 | Big Sur | Salinas, CA | California |
|---|---|---|---|---|
| Home Value | $1,763,204 | $1,763,204 | N/A | $761,003 |
| 5-Year CAGR | N/A | N/A | N/A | 5.7% |
| Avg Rent | $2,421 | $2,421 | N/A | - |
| Cap Rate | 1.1% | 1.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93920 (Big Sur, 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 | $1,763,204 |
| Monthly Rent | $2,421 |
| Price-to-Rent | 60.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.7% |
| Cap Rate | 1.1% |
| 5-Year IRR | 1.0% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | -0.1% ▼ |
| 10-Year CAGR | +2.2% ▲ |
🏠 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 (1.1%). 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 93920
Population: 1,564
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 93920
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
Are homes affordable in Big Sur, CA?
Big Sur, CA home values average about $1.8M. That price point suits investors targeting rentals with $2,421/mo in monthly income.
Which investment style suits Big Sur, CA?
Investors usually favor careful cash-flow rentals with hands-on management in Big Sur, CA. With home values at $1.8M and rents near $2,421/mo, other strategies can work but produce consistent rather than outsized returns.
How strong is Big Sur, CA for real estate investors?
Big Sur, CA rates 2.0/5 for investability. With median values at $1.8M and rents near $2,421/mo, the market offers reasonable fundamentals for rental investors.
What is it like being a landlord in Big Sur, CA?
CA law tenant-protective for landlords, and Big Sur inherits those rules. Investors should still review local ordinances for rental licensing.
What does house hacking look like in Big Sur, CA?
The a tougher house-hack environment in Big Sur, CA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 93920 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93920 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 93920 ranks in Salinas, CA
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