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.


Housing Size

Housing Units by Size
Studio Type6.40%
One Bedroom25.40%
Two Bedrooms35.70%
Three Bedrooms24.80%
Four Bedrooms6.80%
Five Bedrooms or more1%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1959
Median Value of occupied units$399,800
Median Price asked for vacant units$400,000

Rented Homes, Apartments and Condos

Average Household Size2.05
Median year structure was built1968
Median Monthly Rent asked for vacant units$910

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage8.60%
Home Equity Loan8.20%
Simple Mortgage51.20%
Debt Free31%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.2%