How much is a home worth in ZIP code 93906?

The typical home in 93906 is worth $712,532, based on the Zillow Home Value Index.

Are home values rising in 93906?

Home values in 93906 are down 0.9% over the past year, and up 4.2% a year over five years.

What is the typical rent in 93906?

A typical home in 93906 rents for about $2,531 a month, a gross rental yield of 4.3%.

What is the property tax rate in 93906?

The effective property tax rate in 93906 is 0.6% — roughly $4,628 a year on a typical home.

ZIP code 93906 has a population of 64,199 and a median household income of $97,555.

HousingHandbookReference data

…

U.S. ZIP Code · CA93906

Monterey County · Salinas, CA

Typical home value

$712,532^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.9%
5-year / yr: +4.2%
10-year / yr: +6.1%

Relative price

vs U.S.: +150.8%
vs metro: -13.9%
vs state: +1.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 93906 is worth $712,532 — 13.9% below the Salinas, CA median. Over the past year, values have fallen 0.9%. Homes here rent for a typical $2,531 a month — a 4.3% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,531^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $4,628^[3]

#Climate risk

FEMA National Risk Index ratings for Monterey County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Relatively High
Drought: Very High
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Relatively High
Winter weather: Very Low

#Who lives here

Population: 64,199^[3]
Median household income: $97,555^[3]

#Migration

Household moves in and out of Monterey County over a year, from IRS tax-return data.

Net migration: -2,414^[5]
Moved in: 6,935
Moved out: 9,349

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 24
Elementary: 12
Middle: 3
High: 7

North Salinas High
High · Grades 9–12 · Salinas Union High
2,125 students
Everett Alvarez High
High · Grades 9–12 · Salinas Union High
2,072 students
Rancho San Juan High
High · Grades 9–12 · Salinas Union High
1,658 students
Harden Middle
Middle · Grades 7–8 · Salinas Union High
1,127 students
Henry F. Kammann Elementary
Elementary · Grades K–6 · Salinas City Elementary
713 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$30,369

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,603

Loan principal$570,026

Down payment$142,506

Total interest paid$727,036

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.81

Monthly cost to own$4,583

Monthly rent$2,531

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 71st percentile^[1]
Rental yield: 71st percentile^[2]
Property tax: 46th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 93906?: The typical home in 93906 is worth $712,532, based on the Zillow Home Value Index.
Are home values rising in 93906?: Home values in 93906 are down 0.9% over the past year, and up 4.2% a year over five years.
What is the typical rent in 93906?: A typical home in 93906 rents for about $2,531 a month, a gross rental yield of 4.3%.
What is the property tax rate in 93906?: The effective property tax rate in 93906 is 0.6% — roughly $4,628 a year on a typical home.
Who lives in 93906?: ZIP code 93906 has a population of 64,199 and a median household income of $97,555.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

93925 vs 93906 →
Chualar CDP, CA
Typical home
$713,897
Gross yield
—
95012 vs 93906 →
Elkhorn CDP, CA
Typical home
$688,480
Gross yield
—
93905
Salinas, CA
Typical home
$667,697
Gross yield
4.7%
93426
Oak Shores CDP, CA
Typical home
$652,909
Gross yield
—
93901
Salinas, CA
Typical home
$781,195
Gross yield
3.5%
93926
Gonzales, CA
Typical home
$636,640
Gross yield
—

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#Jump to section

U.S. ZIP Code · CA93906

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