Property Prices in Monterey, CA, United States

Index Info
Price to Income Ratio: 6.44
Mortgage as Percentage of Income: 55.62%
Loan Affordability Index: 1.80
Price to Rent Ratio - City Centre: 16.56
Price to Rent Ratio - Outside of Centre: 13.28
Gross Rental Yield (City Centre): 6.04%
Gross Rental Yield (Outside of Centre): 7.53%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $2,350.00 2,000.00-2,500.00
1 Bedroom Apartment Outside of City Centre $2,000.00 1,900.00-2,100.00
3 Bedroom Apartment in City Centre $3,650.00 3,100.00-4,000.00
3 Bedroom Apartment Outside of City Centre $3,700.00 3,300.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $739.99 573.00-876.99
Price per Square Feet to Buy Apartment Outside of Centre $545.27 158.83-876.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) $5,368.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.05 5.72-12.00

These data are based on 33 entries from 6 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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