Monterey, CA - New Monterey — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Monterey, CA - New Monterey, 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 - New Monterey, Monterey (2026)
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New Monterey is a coastal neighborhood in the city of Monterey, California, primarily within the 93940 ZIP code. The market is classified as Ultra-Luxury, reflected in a median home value of $960,400. The typical home here is relatively compact, with an average size of 1,150 square feet, indicating a premium for location over sheer square footage. The neighborhood has a strong rental presence, with a renter-occupied rate of 59.1% and a median gross rent of $2,212 per month.
The housing market snapshot shows a divide between owners and renters, with a homeownership rate of 40.9%. This suggests a dynamic mix of long-term residents and a transient population, possibly linked to the area's attractions and institutions. The median household income of $103,946 is substantial, yet it operates within the context of a very high-cost coastal real estate environment where home values significantly outpace typical income multiples.
Top10Lists.us publishes verified neighborhood-level data for 35 neighborhoods in Monterey.