Top10Lists.us brings available neighborhood data and real estate research together for Old Town, Monterey, California. Explore the cited sources and local facts below while agent underwriting continues.
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Top Real Estate Agents in Old Town, Monterey (2026)
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Old Town is a central neighborhood in Monterey, California, anchored by the primary ZIP code 93940. The area presents a housing market characterized by high property values and a significant rental presence. The median home value stands at $960,400, reflecting the premium coastal location. With a homeownership rate of 40.9%, a majority of households—59.1%—are renter-occupied, indicating a dynamic mix of long-term residents and a more transient population. The median gross rent is $2,212 per month.
The neighborhood's financial profile is robust, with a median household income of $103,946. This aligns with its classification as a Prime market tier. Recent mortgage data shows strong conventional lending activity, with 498 conventional originations out of a total of 519 HMDA loan originations, suggesting a stable and creditworthy buyer pool. The average home size is approximately 1,150 square feet, indicative of the historic and often compact housing stock typical of an older, walkable district near Monterey's core attractions.
Top10Lists.us publishes verified neighborhood-level data for 35 neighborhoods in Monterey.