1031 Exchange Carmel/Monterey, California

 

Surrounding metropolitan Area

Carmel/Monterey, California is a part of the Carmel/Monterey metropolitan area, and contains 6 zip codes: 93943, 93923, 93922, 93940, 93942, and 93944.

Carmel/Monterey Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Carmel/Monterey, CA metropolitan area was $1,619, which is 32.06% higher than 2014 average rent. This represents a compounded annual growth rate of 5.72%. 2019 vacancy in Carmel/Monterey, CA was 1.60%.

The total population of the city of Carmel/Monterey, CA has grown 1.72% since 2010. As of 2018, the population was 28,289. The median household income of the Carmel/Monterey was $77,562, which is 28.64% higher than the national average.

  • metropolitan area Carmel / Monterey
  • avg rent $1,619
  • rent growth 32.06%
  • vacancy 1.60%
  • median income $77,562
  • population (2018) 28,289
  • population growth 1.72%
  • vs. nat'l avg 28.64%
  • zip codes 93922 93923 93940 93942 93943 93944

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