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Monterey, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,787
Monthly Cash Flow
-$3,774
Principal + Equity
$6,309
Annual Total Gain
$30,417
Cash on Cash
-15.63%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$278
Occupancy Rate
63.33%
Monthly Revenue
$3,658
Monthly Cash Flow
-$3,451
Principal + Equity
$6,309
Annual Total Gain
$34,286
Cash on Cash %
-14.29%
Net ROI %
Market Health & Growth
Median Income
$104,110
Population
29,772
LTR Renter %
62.13%
Forecast (1 yr)
0.6%
Appreciation (1 yr)
-3.67%
Appreciation (5 yr)
33.78%
Appreciation (10 yr)
72.6%
Job Growth
-5.38%
LTR Rentability
Moderate
STR Demand
89
STR Rentals
369
Top Public Schools
A-Monterey High School
BLa Mesa Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Places to Retire in California
#135out of 816 markets
Best Places for Young Professionals in California
#296out of 1762 markets
Places with the Best Public Schools in California
#154out of 817 markets
A-
Public School
C
Crime And Safety
D
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Monterey, CA.
In Monterey, CA, Short Term Rentals (STRs) are regulated by the city's zoning code and require a permit from the city in order to operate legally. Here are some key regulations that an investor should be aware of before purchasing a property for STR use in Monterey:
1. Zoning Restrictions: The city of Monterey has specific zoning regulations that dictate where STRs are allowed to operate. It is important to check the zoning of the property you are interested in to ensure that it is eligible for an STR permit.
2. Permit Requirements: In order to operate an STR in Monterey, property owners must obtain a permit from the city. The permit application process typically involves submitting an application, paying a fee, and meeting certain requirements set by the city.
3. Occupancy Limits: Monterey has regulations in place that limit the number of guests that can stay in an STR at any given time. It is important to be aware of these occupancy limits and ensure that your property complies with them.
4. Noise and Nuisance Regulations: The city of Monterey has noise and nuisance regulations that apply to all properties, including STRs. Property owners are responsible for ensuring that their guests comply with these regulations and are respectful of their neighbors.
5. Transient Occupancy Tax: Property owners who operate STRs in Monterey are required to collect and remit transient occupancy tax (TOT) on all rental transactions. It is important to factor in this additional cost when considering the financial viability of investing in an STR property in Monterey.
6. Compliance with Building Codes: Property owners must ensure that their STR property complies with all applicable building codes and safety regulations. This may involve making necessary upgrades or renovations to the property in order to meet these requirements.
Overall, investors should thoroughly research and understand the STR regulations in Monterey before purchasing a property for this purpose. It is important to ensure compliance with all regulations and obtain the necessary permits in order to operate legally and avoid potential fines or penalties.
Market Trends Over Time
Explore 25 years of market data for Monterey, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Monterey, CA.
The LTR Genie Score of Monterey, CA is 49 and STR Genie Score is 58, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0% and a Net ROI of 10.5%. On the other hand, the STR Net ROI is slightly higher at 11.83%, with a strong STR Genie Score of 58. The 1-Year Price Appreciation Forecast is 0.6%, suggesting a stable market with potential for growth. The STR Occupancy rate is 63.33%, with a revenue of 3658.
Monterey, CA is a popular tourist destination known for its stunning coastline, world-renowned aquarium, and historic Cannery Row. The city attracts visitors year-round, making it an attractive location for short-term rental investments. Additionally, Monterey's proximity to Silicon Valley and the Bay Area makes it a desirable location for long-term rental investments as well.
Overall, Monterey, CA presents a promising opportunity for real estate investors looking to capitalize on both long-term and short-term rental markets. With a moderate to high Genie Score for both rental strategies, investors can diversify their portfolio and maximize their returns in this dynamic market. Consider exploring opportunities in both long-term and short-term rentals to take advantage of the diverse demand in Monterey.
LTR Genie Score 93
$395,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,200 sqft.🏠 SINGLE FAMILY
