The story of this market
The typical home in ZIP 93950 sells for about $1,129,400, or $850 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,450 a month.
ZIP 93950 — Pacific Grove
The 93950 housing market remains stable with high price points driven by limited inventory and strong demand for coastal living. While sales volume is modest, the market maintains a high sale-to-list ratio, reflecting resilient buyer interest in this desirable Monterey Peninsula location.
This ZIP is ideal for families, retirees, and professionals who value a quiet, coastal lifestyle and high-quality schools, though it requires a higher budget for entry.
Median prices moved up 2.1% year over year.
Homes spend a median of 28 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.8% — 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 4.2%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 93950, Monterey County CA
Pacific Grove generally experiences low crime rates compared to the broader Salinas and Monterey County region, with property crime being the primary concern.
The area is served by the Pacific Grove Unified School District, which is highly regarded for its academic performance and small-town school environment.
The ZIP code faces moderate wildfire risk due to its coastal vegetation and proximity to forested areas, alongside standard coastal flood and erosion considerations.
Economic momentum is driven by tourism, education, and proximity to the Monterey Peninsula's research and hospitality sectors, with limited space for large-scale new development.
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 local within the Monterey Peninsula, with Highway 1 serving as the main artery for travel toward Monterey and Salinas employment hubs.
The area features extensive access to the Pacific Grove coastline, Asilomar State Beach, and numerous local parks, with proximity to world-class golf in Pebble Beach.
The rental market is tight with high demand from students and professionals, and a significant presence of short-term vacation rentals regulated by city ordinances.
The economy is anchored by tourism, the hospitality industry, and educational institutions, with significant influence from the nearby Monterey Bay Aquarium and research facilities.
Public transit is limited to regional bus services; most residents rely on personal vehicles for commuting along the Highway 1 corridor.
Development is strictly managed by local zoning to preserve the historic character of the city, with minimal large-scale pipeline projects.
The Monterey County Assessor manages property valuations, adhering to state-mandated assessment cycles and Proposition 13 tax caps.
Parcels are subject to Pacific Grove Unified School District taxes and various Monterey County water and fire district assessments.
Property insurance premiums are rising due to regional wildfire risk and coastal hazard exposure, consistent with broader California trends.
Data retrieved from US Census Bureau ACS tables for ZCTA 93950.
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.
- Round1 Bowling & Arcade - Salinas4.115.9 mi
- Treasure Hunt: The Ride4.71.1 mi
- Chuck E. Cheese415.2 mi
- WeatherTech Raceway Laguna Seca4.89.4 mi
- The Quail4.67.1 mi
- Monterey County Fairgrounds4.43.5 mi
- Folktale Winery & Vineyards4.58.4 mi
- Earthbound Farm Stand4.57.2 mi
- Monterey Bay Aquarium4.60.9 mi
- Point Lobos State Natural Reserve4.87.2 mi
- Old Fisherman's Wharf4.51.8 mi
- Pebble Beach Golf Links4.83.9 mi
- WeatherTech Raceway Laguna Seca4.89.4 mi
- Old Fisherman's Wharf4.51.8 mi
- Carmel Mission Basilica4.65.3 mi
- Point Pinos Lighthouse (1855)4.61.2 mi
- National Steinbeck Center4.715.1 mi
- Cannery Row Antiques Mall4.51.2 mi
- Point Lobos State Natural Reserve4.87.2 mi
- Pebble Beach Golf Links4.83.9 mi
- Asilomar State Beach4.81.3 mi
- Lovers Point Park4.80.4 mi
- Garrapata State Park4.810.5 mi
- Discovery Whale Watch4.91.8 mi
- Moss Landing Harbor District4.314.5 mi
- Breakwater Cove Marina4.61.6 mi
- Sail Monterey4.91.8 mi
- Municipal Wharf4.72 mi
- Pebble Beach Golf Links4.83.9 mi
- The Quail4.67.1 mi
- Poppy Hills Golf Course4.62.8 mi
- Pacific Grove Golf Links4.61.2 mi
- Spyglass Hill Golf Course4.73.4 mi
- Del Monte Shopping Center4.42.7 mi
- Safeway4.24.1 mi
- Safeway4.35.8 mi
- Safeway41.1 mi
- Carmel Plaza4.54.5 mi
- Monterey Regional Airport4.44.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A protected coastal area with trails and dunes.
A historic municipal course with ocean views.
The oldest continuously operating lighthouse on the West Coast.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.