HousingHandbookReference data

U.S. ZIP Code · CA93908

Monterey County · Salinas, CA

Typical home value

$1,180,719[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.6%
5-year / yr
+4.2%
10-year / yr
+5.3%

Relative price

vs U.S.
+315.6%
vs metro
+42.7%
vs state
+68.5%
ZIP 93908 location in CA
Location of ZIP 93908 in CA

Price history

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

The typical home in 93908 is worth $1,180,719 — 42.7% above the Salinas, CA median. Over the past year, values have risen 0.6%. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$7,770[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
12,450[3]
Median household income
$156,394[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
6
Elementary
3
Middle
2
High
0
  • Buena Vista Middle

    Middle · Grades 6–8 · Spreckels Union Elementary

    333 students

  • Toro Park Elementary

    Elementary · Grades K–3 · Washington Union Elementary

    331 students

  • San Benancio Middle

    Middle · Grades 6–8 · Washington Union Elementary

    260 students

  • Washington Elementary

    Elementary · Grades 4–5 · Washington Union Elementary

    155 students

  • Graves Elementary

    Elementary · Grades K–8 · Graves Elementary

    35 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$5,970
Loan principal$944,575
Down payment$236,144
Total interest paid$1,204,753

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.

Own : rent ratio
Monthly cost to own$7,604
Monthly rent

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
67th percentile[1]
Rental yield
[2]
Property tax
54th percentile[3]

Frequently asked

How much is a home worth in ZIP code 93908?
The typical home in 93908 is worth $1,180,719, based on the Zillow Home Value Index.
Are home values rising in 93908?
Home values in 93908 are up 0.6% over the past year, and up 4.2% a year over five years.
What is the property tax rate in 93908?
The effective property tax rate in 93908 is 0.7% — roughly $7,770 a year on a typical home.
Who lives in 93908?
ZIP code 93908 has a population of 12,450 and a median household income of $156,394.

#Comparable ZIPs

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

  • Monterey, CA

    Typical home
    $1,154,285
    Gross yield
    2.9%
  • Moss Landing CDP, CA

    Typical home
    $1,087,306
    Gross yield
  • Prunedale CDP, CA

    Typical home
    $974,650
    Gross yield
  • Pacific Grove, CA

    Typical home
    $1,437,452
    Gross yield
    2.6%
  • Carmel Valley Village CDP, CA

    Typical home
    $1,473,560
    Gross yield
  • Marina, CA

    Typical home
    $878,268
    Gross yield
    4.7%

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