Real Estate Investing in Pacific Grove, California (93950)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93950 (Pacific Grove, 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: 17.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 38.3 — hard to cash-flow at these prices.
What’s happening in Pacific Grove, CA (93950)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93950 Pacific Grove
This part of Monterey County is not an easy win. The 93950 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 93950 can be a a solid fit for hunting ground — but the discount at $1.4M reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 93950 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 93950 includes headwinds that any investor should price in. Income distribution skews lower than Pacific Grove averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 93950, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Pacific Grove:
Property Strategy for 93950
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $879,388 | $2,960 | 2.4% | +2.7% | $879,388 |
| 2BR | $1,169,323 | $3,560 | 2.2% | +6.1% | $584,661 |
| 3BR | $1,457,845 | $4,800 | 2.4% | +7.1% | $485,948 |
| 4BR | $1,818,583 | $5,230 | 2.1% | +7.7% | $454,646 |
| 5BR | $2,226,293 | — | — | +8.9% | $445,259 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93950 Compare?
| Metric | 93950 | Pacific Grove | Salinas, CA | California |
|---|---|---|---|---|
| Home Value | $1,396,213 | $1,396,213 | N/A | $761,003 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 5.7% |
| Avg Rent | $3,038 | $3,038 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93950 (Pacific Grove, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 93950 (Pacific Grove, CA)?
~25 seconds · no account needed · your report is anonymous
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 | $1,396,213 |
| Monthly Rent | $3,038 |
| Price-to-Rent | 38.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). 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 93950
Population: 15,003
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 93950
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,826 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Pacific Grove, CA?
Pacific Grove, CA home values average about $1.4M. That price point suits investors targeting rentals with $3,038/mo in monthly income.
Is Pacific Grove, CA a friendly market for rental owners?
Pacific Grove, CA operates under CA law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the typical renter like in Pacific Grove, CA?
The renter base in Pacific Grove, CA is reasonable for the $3,038/mo price point. Screening well and pricing to market typically yields measured tenants.
Can I live-in-and-rent in Pacific Grove, CA?
Pacific Grove, CA is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.4M price point reasonable to enter.
What is the investability score for Pacific Grove, CA?
The 2.0/5 investability rating in Pacific Grove, CA reflects its $1.4M prices and $3,038/mo rents. Investors generally consider it a solid option within CA.
You know 93950 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93950 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 93950 ranks in Salinas, CA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 93950 (Pacific Grove)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 93950 (Pacific Grove, CA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.