Rental numbers for Monterey County, CA
The typical home here runs -$3,407 a month at 7.78% with 25% down. 0 of 10 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.9%.
- Gross yield
- 4.0%
- typical home, Zillow
- Median ZIP yield
- 3.9%
- 10 ZIPs with full data
- Cash flow
- -$3,407/mo
- at 7.78%, 25% down
- Typical price
- $843,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,799/mo
- Zillow ZORI, Aug 2026
ZIP codes in Monterey County
24 with published figures
| 93930King City | $526,000 | $2,690* | 6.1% | 3.4% | -$1,364 | n/a |
| 93927Greenfield | $549,000 | $2,690* | 5.9% | 3.1% | -$1,529 | n/a |
| 93451San Miguel | $628,000 | $2,690* | 5.1% | 2.4% | -$2,137 | n/a |
| 93926Gonzales | $629,000 | $2,690* | 5.1% | 2.5% | -$2,057 | n/a |
| 93962Salinas | $842,000 | $3,510* | 5.0% | 2.5% | -$2,781 | n/a |
| 93426Bradley | $652,000 | $2,690* | 5.0% | 2.2% | -$2,294 | n/a |
| 93905Salinas | $666,000 | $2,690* | 4.9% | 2.3% | -$2,339 | n/a |
| 95012Castroville | $671,000 | $2,690* | 4.8% | 2.4% | -$2,298 | n/a |
| 93955Seaside | $789,000 | $3,061 | 4.7% | 2.3% | -$2,733 | +4.5% |
| 93925Chualar | $707,000 | $2,690* | 4.6% | 2.0% | -$2,624 | n/a |
| 93933Marina | $859,000 | $3,252 | 4.5% | 2.0% | -$3,211 | +6.9% |
| 93924Carmel Valley | $1,427,000 | $5,175 | 4.3% | 2.0% | -$5,353 | n/a |
| 93960Soledad | $638,000 | $2,225 | 4.2% | 1.7% | -$2,524 | n/a |
| 93906Salinas | $712,000 | $2,403 | 4.0% | 1.7% | -$2,856 | +7.8% |
| 93932Lockwood | $839,000 | $2,690* | 3.9% | 1.5% | -$3,476 | n/a |
| 93907Salinas | $824,000 | $2,619 | 3.8% | 1.5% | -$3,412 | n/a |
| 93901Salinas | $774,000 | $2,357 | 3.6% | 1.4% | -$3,270 | +4.0% |
| 93908Salinas | $1,169,000 | $3,510* | 3.6% | 1.2% | -$5,125 | n/a |
| 93923Carmel-by-the-Sea | $2,350,000 | $5,899 | 3.0% | 1.0% | -$10,726 | n/a |
| 95039Moss Landing | $1,071,000 | $2,690* | 3.0% | 1.0% | -$4,905 | n/a |
| 93940Monterey | $1,127,000 | $2,696 | 2.9% | 0.7% | -$5,398 | +2.8% |
| 93950Pacific Grove | $1,365,000 | $3,055 | 2.7% | 0.6% | -$6,650 | +6.9% |
| 93920Big Sur | $1,744,000 | $2,690* | 1.8% | -0.1% | -$9,577 | n/a |
| 93953Del Monte Forest | $2,830,000 | $3,510* | 1.5% | -0.3% | -$15,887 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.9%
- Rent, 12 months
- +5.1%
- Rent minus price growth
- +4.3 pts
- Property tax
- 0.63%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $739,348 | $2,171 |
| Aug 2022 | $824,809 | $2,356 |
| Aug 2023 | $812,674 | $2,476 |
| Aug 2024 | $850,106 | $2,551 |
| Aug 2025 | $835,675 | $2,662 |
| Aug 2026 | $843,096 | $2,799 |
HUD Fair Market Rent
FY2027, Salinas, CA MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,956 | $2,009 | $2,416 | $3,261 | $3,551 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.7
- 881 units, last 12 months
- National percentile
- 57th
- among US counties
Tools
Test a listing in Monterey County against today's rate.
Open the calculatorPart of the Salinas, CA metro.
Questions
- Is Monterey County good for rental property?
- The typical home here runs -$3,407 a month at 7.78% with 25% down. 0 of 10 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Monterey County?
- About 0.63% of value, from Census ACS median taxes paid over median home value. On a $843,000 home that is about $5,303 a year.
- What is Fair Market Rent in Monterey County?
- HUD's FY2027 Fair Market Rent here is $2,009 for a 1-bedroom, $2,416 for a 2-bedroom and $3,261 for a 3-bedroom. Typical cash flow at today's rate is -$3,407 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.