How much is a home worth in ZIP code 93950?

The typical home in 93950 is worth $1,437,452, based on the Zillow Home Value Index.

Are home values rising in 93950?

Home values in 93950 are down 1.0% over the past year, and up 4.6% a year over five years.

What is the typical rent in 93950?

A typical home in 93950 rents for about $3,087 a month, a gross rental yield of 2.6%.

What is the property tax rate in 93950?

The effective property tax rate in 93950 is 0.6% — roughly $9,043 a year on a typical home.

ZIP code 93950 has a population of 14,951 and a median household income of $106,065.

HousingHandbookReference data

…

U.S. ZIP Code · CA93950

Monterey County · Salinas, CA

Typical home value

$1,437,452^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.0%
5-year / yr: +4.6%
10-year / yr: +5.1%

Relative price

vs U.S.: +406.0%
vs metro: +73.8%
vs state: +105.2%

Price history

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

The typical home in 93950 is worth $1,437,452 — 73.8% above the Salinas, CA median. Over the past year, values have fallen 1.0%. Homes here rent for a typical $3,087 a month — a 2.6% 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: $3,087^[2]
Gross yield: 2.6%^[2]
Cap rate: 1.5%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $9,043^[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: 14,951^[3]
Median household income: $106,065^[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: 1
High: 2

Pacific Grove High
High · Grades 9–12 · Pacific Grove Unified
520 students
Monterey Bay Charter
Elementary · Grades K–8 · Monterey Bay Charter District
478 students
Pacific Grove Middle
Middle · Grades 6–8 · Pacific Grove Unified
445 students
Robert Down Elementary
Elementary · Grades K–5 · Pacific Grove Unified
403 students
Forest Grove Elementary
Elementary · Grades K–5 · Pacific Grove Unified
345 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 yield2.6%

Net yield (after ~40% expenses)1.5%

Annual rent$37,039

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$7,269

Loan principal$1,149,962

Down payment$287,490

Total interest paid$1,466,713

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 ratio2.99

Monthly cost to own$9,221

Monthly rent$3,087

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: 79th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 38th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 93950?: The typical home in 93950 is worth $1,437,452, based on the Zillow Home Value Index.
Are home values rising in 93950?: Home values in 93950 are down 1.0% over the past year, and up 4.6% a year over five years.
What is the typical rent in 93950?: A typical home in 93950 rents for about $3,087 a month, a gross rental yield of 2.6%.
What is the property tax rate in 93950?: The effective property tax rate in 93950 is 0.6% — roughly $9,043 a year on a typical home.
Who lives in 93950?: ZIP code 93950 has a population of 14,951 and a median household income of $106,065.

#Comparable ZIPs

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

93924 vs 93950 →
Carmel Valley Village CDP, CA
Typical home
$1,473,560
Gross yield
—
93908 vs 93950 →
Marina, CA
Typical home
$1,180,719
Gross yield
—
93940
Monterey, CA
Typical home
$1,154,285
Gross yield
2.9%
95039
Moss Landing CDP, CA
Typical home
$1,087,306
Gross yield
—
93920
CA
Typical home
$1,789,741
Gross yield
—
95004
Prunedale CDP, CA
Typical home
$974,650
Gross yield
—

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#Jump to section

U.S. ZIP Code · CA93950

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