Monterey (93940) has an estimated 31,615 residents with 29,112 of those people in approximately 13,739 housing units. The 93940 zipcode contains 4,000 housing units that are owned with a mortgage or a loan, 1,619 housing units that are owned free and clear and 8,120 housing units that are renter occupied.

In Monterey (93940) the median listing price of $752,000 has declined by $23,000 since 2018-10.

In 2018 the average percentage drop was 3.58% of original listing price.

Zip code 93940 is in the Salinas metropolitan area.
The median estimated home value in Monterey, CA (93940) is $778,400 as of 2018-10-31

In Monterey, CA (93940), values have declined by -0.07 from when they peaked at $838,100 in 2005-Q4

The Zillow Market Health Index for Monterey, CA (93940) is 8.38. The corresponding state value is 8.82. This is lower than the overall Market Health Index of California.
Metro value is 8.25.
This is higher than the overall Market Health Index of Salinas.