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Monterey County

Learn about the people, housing, costs and businesses in Monterey County County

Median Home$796,108
Median Rent$2,055/month
Population437,613
Leading IndustriesConstruction · Agriculture & Mining · Education15% construction
Home Value Growth⬆⬆+15.9% over 2 years
Family-Friendly26% of residentswell above average
Homeowners52% of occupied units
NotableHigh Incomes$99k/year · top 7% nationally
Monterey County
CA

Frequently Asked Questions

What are today's mortgage rates in Monterey County?

As of today, the 30-year fixed mortgage rate for Monterey County is approximately 6.884% (6.904% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Monterey County?

The median home value in Monterey County is $796k. The median monthly rent is $2,055. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monterey County?

Home values in Monterey County have increased 15.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Monterey County?

Based on a typical all-in ownership cost of $2,101/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monterey County is $99k/year.

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What industries drive the economy in Monterey County?

The largest employment sectors in Monterey County are public administration (21%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas