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Monterey County, CA home prices

Monterey County, CA: the typical home is worth $850,449 as of 2026-05, down -0.9% over the past year and +223.8% since 2000. Listings run about $683/sq…

Data as of · by the Real Estate Price Map data team · methodology & sources

Monterey County is flat and overvalued — severely unaffordable for what people here earn.

Momentum-0.9%Flat
Valuation+83%High bubble risk
Affordability1/10Severely unaffordable
Market53 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1975: $36,082 → 2026: $850,449 (23.6×) pre-2000 estimated via FHFA index

Typical value$850,4492026-05
1-year-0.9%
5-year+18.1%
10-year+73.3%
Since 2000+223.8%
Population436k2024
Median income$86,8092023 · 9.8× income
Median rent$2,895/mo2026 · 4.1% gross yield
New homes/yr6772024
Price / sq ft$683listings
Days on market532026-06
Active listings5642026-06
Price cuts16%of listings

Market read

At $850,449, homes in Monterey County sit 67% above the California median ($509,844) and 264% above the US median ($233,954). That ranks #14 of 58 California counties by price.

Prices are holding steady (-0.9% in the last year) — a balanced market.

Homes here move at a steady pace — a median 53 days on the market, with 16% of listings cutting their asking price.

At 9.8× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~83% expensive for local incomes and rents.

Renting looks cheaper — buying the typical home runs ~$4,198/mo (P&I, 20% down) vs $2,895/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

San Benito County, CA ($772,130) · Santa Cruz County, CA ($1,157,195) · Santa Clara County, CA ($1,652,163) · Merced County, CA ($419,169) · San Luis Obispo County, CA ($909,704) · Kings County, CA ($365,077)

Frequently asked questions

What is the average home price in Monterey County, CA?
The typical home in Monterey County is worth $850,449 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Monterey County rising or falling?
Prices are down -0.9% over the past year and +223.8% since 2000 — a balanced market.
Is Monterey County affordable?
At 9.8× the local median income of $86,809, Monterey County is pricier than the typical US county.
What is the rental yield in Monterey County?
Median rent is $2,895/mo — a gross rental yield of 4.1% on the typical home.
How fast do homes sell in Monterey County?
Homes here take a median of 53 days to sell, with 16% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$262,655
2001$316,426
2002$376,161
2003$403,505
2004$462,634
2005$577,271
2006$700,448
2007$694,869
2008$587,101
2009$402,498
2010$336,353
2011$328,374
2012$307,171
2013$325,857
2014$398,104
2015$435,514
2016$479,020
2017$513,873
2018$550,218
2019$580,674
2020$601,611
2021$673,559
2022$781,367
2023$803,680
2024$843,070
2025$867,736
2026$849,626