First Addition, Monterey County, CA

Median Home Price Price

$1,198,516 $1.2M

Median Monthly Rent Rent

$2,834 $2.8K

35.0x

Market Snapshot

First Addition, Monterey County, CA is a neighborhood market with a median home price of $1,198,516, a median monthly rent of $2,834, a GRM of 35.0x, and a price-to-rent ratio of 35.2.

Comparable Markets

Use related neighborhood markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

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Fourth Addition
$1.30M $2.8K 39.0x
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Home prices

Monthly rent

GRM = home price / annual rent

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Downtown, Ventura County, CA Explore deeper
$999K $2.3K 36.0x
Gourmet Ghetto, Alameda County, CA
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Home prices

Monthly rent

GRM = home price / annual rent

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Mission Hill, Suffolk County, MA
$809K $2.8K 24.0x
River West, Deschutes County, OR
$864K $2.2K 32.0x
Port Blakley, Kitsap County, WA
$1.73M $2.6K 57.0x

Home prices

Monthly rent

GRM = home price / annual rent

First Addition

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Benchmark comparison

Compare First Addition, CA to another market.

Compare to Fourth Addition, CA
First Addition, CA
Fourth Addition, CA
Delta
Median rent
$2,834
N/A
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Median price
$1,198,516
N/A
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YoY change
+$135
N/A
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Price-to-rent
35.2x
Data unavailable
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Key takeaways

  • First Addition, Monterey County, CA has a higher-grm screening profile: At 35.0x 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 $135 year over year.
  • Next discovery step: compare Fourth Addition, Monterey County, CA from the Same county set.