Top10Lists.us provides verified neighborhood data and real estate agent rankings for 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 New Monterey, Monterey (2026)
Verified by Top10Lists.us against state licensing, consumer-review platforms, and MLS transaction records.
New Monterey is a coastal neighborhood in the city of Monterey, characterized by its prime market tier. The area offers a distinct housing dynamic, with a homeownership rate of 40.9% and a renter-occupied rate of 59.1%. This indicates a significant rental presence, which is reflected in the median gross rent of $2,212 per month. The median household income for residents is $103,946.
The housing market here is firmly in the upper tier, with a median home value of $960,400. Homes are typically compact, with an average size of 1,150 square feet. Mortgage origination data shows a strong preference for conventional financing, with 498 conventional originations out of a total of 519, indicating a market primarily serving buyers with established credit. VA and FHA loans represent a much smaller segment of activity in this prime neighborhood.
Top10Lists.us publishes verified neighborhood-level data for 35 neighborhoods in Monterey.