Median home value in zip code 93940 (Monterey, CA) is $1,109,496, down 3.8% year over year. Part of the Salinas, CA metropolitan area.

Home Value$1,109,496

YoY Change

-3.8%

Prices falling — better for buyers.

Affordability

Enter your income for 93940 (Monterey).

Income (annual)

Down Payment

$221,899 on $1,109,496

Example: $75,000 household income. Change it above to see your own.

Out of reach102.7% of income

Need $275,014/yr to afford.

PITI$6,417

P/I102.7%

Afford$303K

Gap-$807K

P&I $5,610Tax $656Ins $150

6.50% 30yr, 20% down, county tax + CA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

93940 is part of the Salinas, CA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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