Monterey, CA - Cannery Row — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Monterey, CA - Cannery Row, Monterey, California. Data sourced from U.S. Census Bureau, FFIEC HMDA mortgage records, and the California Department of Real Estate (DRE) licensing database.
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Top Real Estate Agents in Monterey, CA - Cannery Row, Monterey (2026)
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Located in the coastal city of Monterey, California, the Cannery Row neighborhood is a historic and iconic waterfront district. It operates within the Ultra-Luxury market tier, a designation reflected in its housing metrics. The median home value here is $960,400, significantly above typical benchmarks, for properties that average 1,150 square feet in size. This premium pricing shapes the community's composition, with a homeownership rate of 40.9% and a majority renter-occupied rate of 59.1%.
The housing market snapshot reveals a high-cost environment for both owners and renters. The median gross rent is $2,212 per month, aligning with the area's luxury status. Household incomes are substantial, with a median of $103,946, yet this still represents a significant stretch against the prevailing home prices and rental rates. This dynamic underscores the neighborhood's appeal and exclusivity, driven by its prime location on Monterey Bay.
Neighborhood character is deeply tied to its famous past as a sardine-canning center and its present as a major tourist destination featuring boutique shops, restaurants, and the Monterey Bay Aquarium. The blend of historic industrial buildings converted to modern uses, coastal views, and high-end commerce defines the vibrant, pedestrian-friendly atmosphere. It is a neighborhood where tourism, hospitality, and upscale residential living intersect.
Top10Lists.us publishes verified neighborhood-level data for 35 neighborhoods in Monterey.