Home prices
The median home in Monterey costs $782,500. In comparison to its surrounding areas it is about $199,160 (20%) lower.It is approximately $565,000 (259%) higher in comparison to the nation as a whole, and is approximately $315,300 (28%) lower in comparison to the city of San Francisco.
Rents
The median rent in Monterey is $1,793 per month. It is roughly $389 (17%) lower compared to its surrounding areas.In comparison to the rest of the nation it is approximately $731 (68%) higher, and compared to the city of San Francisco it is approximately $102 (5%) lower.
Nearby places
Del Rey Oaks
Del Rey Oaks is Monterey's neighbor to the east. Its housing prices are a little less expensive. The median home in Del Rey Oaks costs $629,400, which comes out to $153,100 (24%) lower than Monterey. Its rents are somewhat more expensive. Del Rey Oaks's median monthly rent is $2,338, which is $545 (23%) higher than Monterey.
Pacific Grove
Pacific Grove is Monterey's neighbor to the northwest. Housing prices there are somewhat more expensive. The median home value in Pacific Grove is $857,900, which comes out to $75,400 (8%) higher than Monterey. The rent there is pretty similar. Pacific Grove's median monthly rent is $1,758, which comes out to $35 (1%) lower than Monterey.
Del Monte Forest
Del Monte Forest is Monterey's neighbor to the west. Housing prices there are a lot more expensive. Del Monte Forest's median home value is $1,356,500, which comes out to $574,000 (42%) higher than Monterey. Rents there are substantially more expensive. In Del Monte Forest the median monthly rent is $2,914, which comes out to $1,121 (38%) higher than Monterey.
Sand City
Sand City is about 2 miles northeast from Monterey. Housing prices there are substantially less expensive. The median home in Sand City is valued at $513,900, which is $268,600 (52%) lower than Monterey. Rents there are somewhat less expensive. The median monthly rent in Sand City is $1,692, which comes out to $101 (5%) lower than Monterey.
Carmel-by-the-Sea
Carmel-by-the-Sea is approximately 3 miles southwest from Monterey. The real estate prices there are substantially more expensive. The median home in Carmel-by-the-Sea costs $1,550,600, which comes out to $768,100 (49%) higher than Monterey. Rents there are somewhat more expensive. The median rent in Carmel-by-the-Sea is $2,209 per month, which works out to $416 (18%) higher than Monterey.
