Monterey' median gross rent is $2,353 and the median value of owner-occupied homes is $1,076,300 (U.S. Census Bureau, 2020–2024); 36.2% of housing units are owner-occupied. These are citywide figures, not asking prices; the Census top-codes home values at $1,076,300. Verify real estate licensees with the California Department of Real Estate. This is general information, not financial or legal advice.
Real estate in Monterey
Monterey housing facts from the Census Bureau and how to verify agents and property records.
Monterey housing at a glance
| Measure | Value | Period |
|---|---|---|
| Median gross rent | $2,353 | 2020–2024 |
| Median value of owner-occupied housing units | $1,076,300 | 2020–2024 |
| Owner-occupied housing unit rate | 36.2% | 2020–2024 |
| Median household income | $102,846 | 2020–2024 |
| Population estimate | 28,953 | July 1, 2025 |
Estimates from QuickFacts, not asking prices.
Renting or buying: what to weigh
- Time horizon and total cost.
- Area fit: see the neighborhoods guide.
- Moving deadlines: see moving to Monterey.
Check an agent: California Department of Real Estate.
Your options
Renting, buying and where.
Frequently asked questions
Is it better to rent or buy?
It depends on your timeline and finances; 36.2% of units are owner-occupied. We cannot give personalized advice.
What is the median rent?
$2,353 per month (gross rent, 2020–2024, Census Bureau).
How do I check a real estate agent?
Use the California Department of Real Estate's license lookup.
Sources
Facts on this page were read from the sources below on October 16, 2026. Hours, fares, prices and event dates change — confirm with the source before you travel. How we research and update.
- QuickFacts: Monterey city, California — U.S. Census Bureau
- California Department of Real Estate — California DRE
- New to California — California DMV
Get the free Monterey planning guide
A neighborhood comparison, a season-by-season planner and a two-day itinerary — as a free PDF.
By submitting you agree to the privacy policy.