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Everything you need to know about owning a house in

Monterey, CA

Looking for a property?
Bedroom Remodeling
Bedroom Remodeling
Finish level:

Value
$

Quality
$$

Luxury
$$$

Average cost
to renovate:$6,435
$296
1178 Salinas Hwy
  • 3 Bedrooms
  • 1 Bathroom
  • 49,222 Sq ft
  • Built in 1958
$1.4M
Poudre Valley Air
  • Permits done
  • HVAC Contractor
  • $0 - $5,000 Average range
100%

Details about Monterey, CA

Monterey is a city located on the central coast of California, United States. It’s known for its beautiful coastline, stunning natural scenery, historic landmarks, and diverse cultural offerings.

Interestingly, Monterey boasts noteworthy achievements in California’s history. It was the first California city to have a theater, brick house, publicly funded school, public library, and printing press. These accomplishments have led to the nickname "The Cradle of History" being bestowed upon Monterey.

At the beginning of 2023, the median price for a listed home in Monterey, CA, was $1.1M, showing a year-over-year increase of 12.6%. The median price per square foot for listed homes was $716, while the average price at which homes were sold was $856K.

The median cost for renting a 786-square-foot apartment is $2,374, which is $746 more than the national average. However, it remains reasonably priced and can fit within the budgets of most households.

City highlights

Did you know, Captain Gaspar de Portola and Franciscan Father Junipero Serra founded the city of Monterey on June 3, 1770? Additionally, Monterey’s Custom House constructed in 1827 during California’s Mexican era, is the oldest standing public building in the state.

Although Monterey was once renowned for its fishing and whaling industries, its primary source of economic activity has now shifted towards tourism.

Today, the gorgeous city boasts several world-famous sites such as the Monterey Bay Aquarium housing more than 35,000 marine animals as well as plants. And, Cannery Row – a waterfront street lined with shops, restaurants, and historic buildings that once housed sardine canning factories.

What’s more, there’s the famous Fisherman’s Wharf, a commercial fishing harbor where visitors can enjoy seafood, shopping, and tons of water activities. Besides, there are many historic buildings, parks, and landmarks that tell the story of Monterey’s rich cultural and architectural heritage.

Residents can enjoy at the Point Lobos State Natural Reserve. This stunning coastal park has numerous hiking trails, scenic vistas, and diverse wildlife.

Monterey is also a delight for those who like to live it up a bit. The city hosts a number of festivals and events throughout the year, including the Monterey Jazz Festival, the Monterey County Fair, and the Big Sur International Marathon.

Geographic location

Located approximately 85 miles south of San Francisco, Monterey is situated on a peninsula at the southern tip of Monterey Bay. The city is at an altitude of 26 feet above sea level and has a landed area of 8.466 sq miles.

Climate

The weather in Monterey is influenced by its proximity to the Pacific Ocean, which gives it a cool Mediterranean climate – similar to an oceanic climate. The period of warm weather in Monterey lasts for around 2 to 3 months (from August 15 to October 24) during which the average high temperature is above 66°F. September is the hottest month, with an average high temperature of 67°F and low temperature of 55°F.

Demography

According to the 2020 census, the city of Monterey, CA, records a total population of 30,218. Whites make up the largest ethnic group in Monterey, accounting for 64.9% of the population. The Hispanic community comes in second place with 19%, followed by Asians at 7.3%.

Cost of Living

The cost of living in Monterey is approximately $3,280. This figure is about 46% above the average for the entire nation, and 12% higher than other regions within the state.

The average monthly income of most Monterey residents is around $3,908.

Transportation

Many of the residents use their cars to get around in Monterey as traffic is light in most parts of the city. The free trolley is also a great transportation choice. In addition to that, Monterey County has daily north and southbound services by AMTRAK with a station located in Salinas. Additionally, Greyhound Bus Lines also serve the county.

Schools

Some of the best schools in Monterey include Big Sur Charter School, La Mesa Elementary School, Monte Vista, Bay View Academy, and Monterey High School.

What is the city like?

Monterey, located in Monterey County, California, is a highly desirable place to live. Residents of Monterey enjoy an amazing lifestyle – thanks to the lovely beaches, the plethora of restaurants, coffee shops, and parks. The city is an attractive location for individuals seeking a vibrant community.

Average costs of a Kitchen remodeling in Monterey, CA

Large home sizes$55,852
This is the estimated cost for a large home size of 2,964 square feet
Average home sizes$33,354
The estimated cost for a typical home of 2,222 square feet, which is 8% more than the country average
Small home size$15,897
Estimated cost for a small (and cozy) home of 1,522 square feet
Country avg
City avg

The average cost for remodeling a Kitchen across the country is: $28,898

The average profit that remodeling a Kitchen in Monterey, CA will provide you for an average home size

Finish level:

Value
Profit

$3,477

Finish level:

Quality
Profit

$3,618

Finish level:

Luxury
Profit

$4,443

Find out how much this project will cost for your home

Provide your home size and we`ll create a free and personalized estimate for your Kitchen remodeling right away!

sq. ft.

Where to buy in Monterey, CA

Explore home values in Monterey neighborhoods

In Monterey, you’ll find the following investment opportunities in case you want to compare and have a broader picture
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Year built 1950

3 bds

2 ba

77,798 sq ft lot

2 car garage

Pool

Year built 1955

4 bds

2 ba

58,482 sq ft lot

1 car garage

Year built 1956

3 bds

2 ba

48,204 sq ft lot

2 car garage

Year built 1956

2 bds

1 ba

55,321 sq ft lot

2 car garage

Year built 1984

4 bds

3 ba

20,550 sq ft lot

4 car garage

Year built 1982

1 bds

2 ba

43,995 sq ft lot

1 car garage

Year built 1955

4 bds

2 ba

20,303 sq ft lot

2 car garage

Year built 1990

3 bds

2 ba

43,560 sq ft lot

2 car garage

Year built 1951

3 bds

2 ba

20,037 sq ft lot

2 car garage

Year built 1956

5 bds

4 ba

21,791 sq ft lot

2 car garage

Year built 1952

3 bds

2 ba

16,928 sq ft lot

2 car garage

Year built 1953

3 bds

2 ba

21,366 sq ft lot

1 car garage

Year built 1952

4 bds

1 ba

78,272 sq ft lot

4 car garage

Year built 1974

3 bds

2 ba

58,806 sq ft lot

2 car garage

Year built 1966

4 bds

3 ba

26,173 sq ft lot

2 car garage

Year built 1954

4 bds

2 ba

22,389 sq ft lot

2 car garage

Year built 1990

2 bds

1 ba

43,918 sq ft lot

Year built 1966

5 bds

3 ba

30,672 sq ft lot

Year built 2005

3 bds

2 ba

43,441 sq ft lot

4 car garage

Year built 1952

3 bds

2 ba

10,386 sq ft lot

2 car garage

Year built 1947

3 bds

2 ba

9,845 sq ft lot

1 car garage

Year built 1944

3 bds

2 ba

6,400 sq ft lot

1 car garage

Year built 1951

3 bds

2 ba

13,100 sq ft lot

1 car garage

Year built 1969

3 bds

3 ba

21,769 sq ft lot

2 car garage

Year built 1955

4 bds

2 ba

21,009 sq ft lot

Year built 1958

3 bds

2 ba

9,493 sq ft lot

1 car garage

Year built 1968

2 bds

1 ba

10,620 sq ft lot

2 car garage

Year built 1974

3 bds

3 ba

20,038 sq ft lot

Year built 1942

3 bds

2 ba

8,712 sq ft lot

1 car garage

FAQ for Monterey homeowners

Considering buying a home in Monterey