The story of this market
The typical home in ZIP 93932 sells for about $880,000, or $686 per square foot.
Prices are down 9.79% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $2,900 a month.
This ZIP has no home sales of its own, so its market figures come from Monterey County, California (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 93932 — Lockwood
The housing market in ZIP 93932 is characterized by low inventory and high price points relative to the rural nature of the area. Market activity remains stable but constrained by limited supply and the high cost of insurance, which continues to influence buyer sentiment.
This ZIP is best suited for those seeking rural living, agricultural workers, or individuals prioritizing privacy and outdoor access over proximity to urban amenities.
Median prices moved down 9.8% year over year.
Homes spend a median of 53 days on market with 3.8 months of supply — a fast-moving market.
29% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 3.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 93932, Monterey County CA
The area faces moderate wildfire risk typical of rural Monterey County, with insurance availability and premiums increasingly impacted by state-wide climate risk assessments.
Growth is limited by the rural nature of the Lockwood area, with economic momentum primarily tied to regional agricultural operations in the Salinas Valley.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Commutes are primarily vehicle-dependent, requiring significant travel time to reach employment hubs in Salinas or King City.
The area offers access to rural outdoor recreation, including proximity to Lake San Antonio and regional hiking trails, with limited immediate shopping or dining.
The rental market is characterized by low inventory and high demand, with rents trending upward due to limited housing supply in the rural Monterey County region.
The local economy is heavily anchored by the agricultural sector of the Salinas Valley, with significant employment in crop production and food processing.
Transportation is almost exclusively reliant on private vehicles, with limited public transit infrastructure connecting the rural Lockwood area to major employment centers.
Development is largely restricted to low-density residential and agricultural use, with no major urban-scale projects currently approved for the ZIP.
The Monterey County Assessor manages property valuations in accordance with California state law, focusing on market-value assessments at the time of transfer.
Parcels are subject to standard county-wide levies, including school district taxes and potential special assessments for rural fire protection services.
Property insurance availability is constrained by high wildfire risk ratings, leading to increased reliance on the California FAIR Plan for many homeowners.
California operates as a non-judicial foreclosure state, providing a structured process for lenders to recover collateral following default.
California law requires comprehensive seller disclosures regarding property condition, natural hazards, and environmental risks.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Salinas Valley Fairgrounds4.313.1 mi
- Williams Hill4.63.7 mi
- Mission San Antonio de Padua4.813.5 mi
- Monterey County Agricultural & Rural Life Museum4.513.8 mi
- San Antonio Reservoir Recreation Area4.312.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional reservoir offering boating, fishing, and camping.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Contamination repair: median price, median rent reproduced Monterey County's own figure to the dollar and were cleared — a parent aggregate is not this ZIP's reading.