Monterey, CA Real Estate
According to census data in the year 2000 there were 13,420 housing units in Monterey.
This represents a 0.6% decline from 13,497 in 1990.
Of those housing units, 13,420 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Monterey is about 38.4%.
Monterey's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Monterey were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.40% |
| One Bedroom | 25.40% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 24.80% |
| Four Bedrooms | 6.80% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $399,800 |
| Median Price asked for vacant units | $400,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $910 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 51.20% |
| Debt Free | 31% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.2% |
