Home/California/Monterey County

Monterey County Housing Market

California · 58 counties · Ranked #3102 in home value

Above National Avg

Housing at a Glance

Median Home Value

$723,100

vs national+$723,100 vs $281,900 national

Median Gross Rent

$1,995/mo

vs national+$1,995 vs $1,163 national

Effective Tax Rate

0.66%

vs national0.66% vs 1.02% national

Median Household Income

$94,486

vs national+$94,486 vs $74,755 national

Affordability Ratio

7.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$4,782

Tax as % of Home Value

0.66%

Monthly Owner Cost

$2,087

Renter Income

$71,158

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$717+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Monterey County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Monterey County?

The median home value in Monterey County is $723,100. This is above the national median of $281,900.

How much is rent in Monterey County?

The median gross rent in Monterey County is $1,995 per month.

What is the property tax rate in Monterey County?

The effective property tax rate in Monterey County is 0.66%. The median annual property tax bill is $4,782.

Is Monterey County affordable?

With a home-value-to-income ratio of 7.7x, Monterey County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.