Monterey County, California home prices
Typical home $841,129 · +1.2% in a year · property tax 0.63%
The typical home in Monterey County is worth $841,129, 10% more than the California typical home ($761,538). Values changed +1.2% in the past year and +13.7% over five years. Homeowners here pay a median 0.63% of their home's value in property tax each year ($5,288 on the typical home), versus 0.72% statewide.
Mortgage on the typical Monterey County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $168,226 | $672,904 | $4,527 | $0 | $861 | $5,388 | $230,900 |
| 10% down | $84,113 | $757,016 | $5,092 | $315 | $861 | $6,269 | $268,700 |
| 5% down | $42,056 | $799,073 | $5,375 | $333 | $861 | $6,570 | $281,600 |
| 3.5% down (FHA) | $29,440 | $825,894 | $5,556 | $372 | $861 | $6,789 | $291,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in California · part of the Salinas metro area.
California counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Napa County | $869,491 | -1.0% | 0.69% |
| Ventura County | $869,794 | +1.1% | 0.68% |
| Los Angeles County | $871,674 | +0.4% | 0.68% |
| San Luis Obispo County | $897,661 | +2.0% | 0.68% |
| Sonoma County | $782,980 | +0.8% | 0.7% |
| Contra Costa County | $768,394 | -0.5% | 0.83% |
| San Benito County | $763,020 | +0.1% | 0.81% |
| Mono County | $758,836 | +3.2% | 0.65% |
| San Diego County | $926,979 | +0.8% | 0.68% |
| Santa Barbara County | $988,595 | +4.3% | 0.65% |
Frequently asked questions
What is the average home price in Monterey County, CA?
The typical home value in Monterey County is $841,129 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monterey County?
About $230,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monterey County?
The median effective rate is 0.63% of home value a year (Census ACS 2024 5-year estimates).