City of Monterey Demographics & Census Data

Demographics Education & Work Income & Economic Housing

Median Home Value

$1,003,300

High

Median Monthly Rent

$2,288

High

Homeownership Rate

37.9%

Very Low

Severely Rent-Burdened (>50%)

22.4%

Low

Age of Housing Stock

Median Year Built: 1970

New Growth (2000 or later) ~X%

Late Century (1980-1999) ~XX%

Baby Boom Era (1960-1979) ~XX%

Post-War (1940-1959) ~XX%

Pre-War (Before 1940) ~XX%

Types of Housing Units

Single Family ~XX%

Small Multi-Family (2-4) ~XX%

Medium Multi-Family (5-19) ~XX%

Large Multi-Family (20+) ~XX%

Mobile Homes ~X%

Monthly Rent Distribution

Under $1,000 ~X%

$1,000 - $1,999 ~XX%

$2,000 - $2,999 ~XX%

$3,000 or more ~XX%

Rent Burden (% of Income)

Percentage of income spent on rent

Affordable (<20%) ~XX%

Moderate (20-30%) ~XX%

Cost Burdened (30-50%) ~XX% High

Severely Burdened (>50%) ~XX% High

Home Values

Distribution of owner-occupied home values

Under $200,000 ~X%

$200,000 - $299,999 ~X%

$300,000 - $399,999 ~X%

$400,000 - $499,999 ~X%

$500,000 - $599,999 ~XX%

$600,000 - $749,999 ~XX%

$750,000 - $999,999 ~XX%

$1M - $1.49M ~XX%

$1.5M - $1.99M ~XX%

$2M or more ~X%

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