Monterey, Monterey County, CA

Median Home Price Price

$1,141,320 $1.1M

Median Monthly Rent Rent

$2,805 $2.8K

34.0x

Market Snapshot

Monterey, Monterey County, CA is a city market with a median home price of $1,141,320, a median monthly rent of $2,805, a GRM of 34.0x, and a price-to-rent ratio of 33.9.

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Home prices

Monthly rent

GRM = home price / annual rent

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Home prices

Monthly rent

GRM = home price / annual rent

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Eastham, Barnstable County, MA
$787K $2.1K 31.0x
Lake Mary, Seminole County, FL
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Home prices

Monthly rent

GRM = home price / annual rent

Monterey

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Benchmark comparison

Compare Monterey, CA to another market.

Compare to Pacific Grove, CA
Monterey, CA
Pacific Grove, CA
Delta
Median rent
$2,805
N/A
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Median price
$1,141,320
N/A
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YoY change
+$35
N/A
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Price-to-rent
33.9x
Data unavailable
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Key takeaways

  • Monterey, Monterey County, CA has a higher-grm screening profile: At 34.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $35 year over year.
  • Next discovery step: compare Pacific Grove, Monterey County, CA from the Same county set.