Monterey County Real Estate and Livability Trends
Monterey County, California has witnessed a sharp escalation in median home values, rocketing from $369,100 in 2015 to $683,700 in 2022, outperforming the state's overall growth. This uptick might indicate higher property values and investment potential, attracting homeowners and investors alike. Real estate taxes per tax return soared from $4,447.08 in 2012 to $8,560.17 in 2021, suggesting... Read more
Monterey County Market Trends
Monterey County, California's real estate market has seen a striking increase in median home values, jumping from $369,100 in 2015 to $683,700 in 2022, surpassing the state's overall growth. This trend signals strong market potential, with homeowners benefiting from notable property appreciation. Investment in residential energy efficiency is also on the rise, with tax credits climbing from... Read more
Median Value of Occupied Housing Units in Monterey County, California Over the Last 8 Years
Over the past eight years, Monterey County, California has seen a significant increase in median home values, climbing from $369,100 in 2015 to $683,700 in 2022. This upward trend outpaces the statewide increase in California, where home values rose from $385,500 to $659,300 over the same period. Nationally, the median home value grew more modestly, from $125,500 to $179,400. Such robust growth in Monterey County might indicate a strong real estate market, presenting potential opportunities for investors and those looking to move to the area. It also suggests that current homeowners might see substantial appreciation in property value, enhancing the area's appeal for long-term residents.
Residential Energy Tax Credit Per Tax Return in Monterey County, CA Over the Last 9 Years
Investment in residential energy efficiency in Monterey County, California has seen a notable upward trend over the last nine years. The average residential energy tax credit per tax return has increased from roughly $1,024.89 in 2013 to $2,966.19 in 2021. A peak was observed in 2019 at $2,957.02, with a slight dip in 2020, highlighting occasional fluctuations in the market. These figures indicate growing homeowner interest in energy-saving improvements, making it an attractive area for sustainable development investments and green technology solutions.
Average Real Estate Taxes Per Tax Return in Monterey County, CA Over the Last 10 Years
Monterey County, California has seen a steady increase in average real estate taxes per tax return over the past decade, jumping from $4,447.08 in 2012 to $8,560.17 in 2021. This uptick suggests growing property values and possibly increased funding for local amenities. Prospective homeowners and investors might find these trends significant when evaluating the long-term costs and benefits of buying or building in the area. While the rise in taxes could mean higher living expenses, it may also reflect a thriving local economy with potentially enhanced public services and infrastructure.
Percentage of Farm Returns in Monterey County, CA Over the Last 10 Years
Over the past decade, Monterey County, California has seen fluctuating percentages of farm returns, ranging from roughly 0.38% to 0.63% of all tax returns filed. This variability may suggest some instability or shifts in the agricultural sector's economic impact on the county. Farm tax returns are crucial indicators as they represent the income generated from farming activities, reflecting broader trends in local agriculture. For investors, potential residents, or those looking to develop property, understanding these shifts could provide insight into the economic health and investment potential of Monterey County's farming sector.
Number of Mortgages by Occupancy Type in Monterey County, CA Over the Last 5 Years in Monterey County
Monterey County, California has shown notable trends in mortgage counts over the last five years, with principal residences consistently making up the bulk of mortgages. Although investment property and second residence mortgages have played smaller roles, 2021 saw a peak in investment property mortgages. These shifts might indicate changing preferences or economic conditions influencing property investment and ownership. For potential investors, shifting from principal residences to more investment opportunities could signal a lucrative market. Appraisers might view these trends to gauge the overall property demand, while insurance agents could interpret higher investment properties as indicative of fluctuating risk profiles. Builders and real estate agents might leverage this data to target growing sectors effectively.
Economic Outlook
Monterey County, California, has seen a substantial rise in average taxable income, from $55,323.68 in 2013 to $90,420.13 in 2021, implying robust economic growth. Meanwhile, state and local income taxes surged from $9,787.52 in 2012 to $27,457.40 by 2021, reflecting increased financial burdens on residents. The average total tax liability has gradually grown from $10,669.51 in 2012 to $16,286.86 in 2021, underscoring the increasing economic pressures. Despite a decrease in poverty levels from... Read more
Average Taxable Income per Tax Return in Monterey County, CA over the last 9 years
Monterey County, CA has seen a significant rise in average taxable income per tax return over the past nine years, starting from $55,323.68 in 2013 to $90,420.13 in 2021. This steady increase peaked in 2021, suggesting robust economic growth and potentially reflecting an influx of higher-earning individuals or improved local business performance. For investors and those looking to move or build property here, this growth indicates a healthy economic environment, which could translate into higher property values and increased investment potential.
Average State and Local Income Taxes Per Tax Return in Monterey County, CA Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Monterey County, CA have shown a significant upward trend. Starting at $9,787.52 in 2012, the average taxes have seen a substantial increase, climbing to $27,457.40 by 2021. This sharp rise, particularly noticeable in the years following 2017, highlights the growing financial burden on residents and can reflect changes in the local economy, income levels, and tax policies, making it a crucial factor for prospective movers and current inhabitants to consider.
Average Total Tax Liability Per Tax Return in Monterey County, CA Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Monterey County, California, has seen a steady increase. In 2012, it was $10,669.51, rising to $16,286.86 by 2021. This gradual climb suggests a growing economic burden on residents, which is essential for potential investors and residents to consider.
Cost of Living in Monterey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,790 | $1,584 | $2,036 | $2,219 | $3,187 |
| 1 adult 4 children | $3,790 | $1,294 | $1,572 | $2,219 | $3,337 |
| 2 adults 3 children | $3,790 | $1,294 | $1,759 | $2,219 | $2,894 |
| 1 adult 3 children | $3,790 | $1,057 | $1,295 | $2,219 | $3,010 |
| 2 adults 2 children | $2,675 | $1,060 | $1,482 | $1,939 | $2,035 |
| 1 adult 2 children | $2,675 | $791 | $1,018 | $1,939 | $2,199 |
| 2 adults 1 child | $2,675 | $837 | $1,206 | $1,028 | $1,600 |
| 1 adult 1 child | $2,675 | $541 | $741 | $1,028 | $1,691 |
| 2 adults | $2,194 | $673 | $929 | $0 | $1,082 |
| 1 adult | $2,112 | $367 | $464 | $0 | $1,248 |
Safety trends & Data
Property crime trends in Monterey County, California, show mixed signals over the past five years. While burglary incidents have notably dropped from 428 in 2018 to 141 in 2022, vandalism has increased from 133 to 172 during the same period. Larceny-theft cases, despite an initial decrease, spiked back up to 295 in 2022. The significant reduction in motor vehicle theft—from 211 in 2018 to 97 in 2022—could be an optimistic indicator for real estate professionals and investors. However, the... Read more
Property Crime Trends in Monterey County, CA Over the Last 5 Years
Property crime trends in Monterey County, California, reveal fluctuating patterns over the past five years. While burglary incidents saw a significant drop from 428 in 2018 to 141 in 2022, vandalism showed an uptick from 133 instances in 2018 to 172 in 2022. Similarly, larceny-theft cases appear to have a downward trend initially but spiked back up to 295 by 2022. Real estate professionals and potential investors might find the overall decrease in motor vehicle theft—from 211 in 2018 to 97 in 2022—an encouraging sign. However, the variability in fraud and arson cases may still warrant caution for property developers and insurance agents.
Demographics
Monterey County, California exhibits nuanced demographic patterns, with a near equal split between male and female adults. In terms of education, less than 50% of residents have pursued higher education beyond high school, with a significant fraction not completing high school. The age distribution suggests a substantial youth population alongside a growing elderly demographic, which could impact future social services and infrastructure needs. Racially, the county is quite diverse, with a... Read more
Race Distribution in Monterey County, California (2022)
Educational Attainment in Monterey County, California (2022)
Age Distribution in Monterey County, California
Citizen Population in Monterey County, California (2022)
Political Trends & Data
Monterey County, California, shows a strong Democratic leaning, with the party potentially securing nearly 70% of the vote in the 2020 U.S. Presidential Election. Republicans may have pulled in less than 30%, while support for Libertarian, Green, and other alternative parties appears minimal. This voting pattern might indicate a broader local trend favoring Democratic candidates, reflecting the county's possible partisan alignment and voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monterey County, California, appears to lean decisively Democratic in the 2020 U.S. Presidential Election, with the party capturing potentially nearly 70% of the vote. Republicans may have received less than 30%, while Libertarian and Green parties, along with other alternatives, garnered markedly minimal support. This distribution implies a strong favor towards Democratic candidates and could reflect broader political trends within the county regarding partisan alignment and voter priorities.
28.24% of voters voted for the Republican party in the 2020 Presidential Election
69.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.67% of voters voted for the Other party in the 2020 Presidential Election
School Data
Monterey County, California has observed a notable reduction in its student-to-teacher ratio over the past nine years, peaking at 36 students per teacher in 2016, and dropping to 19 in 2023. This decline, placing the county below the national average of 14 students per teacher, hints at smaller class sizes and potentially improved educational attention. For prospective investors, real estate agents, and families, this trend could suggest higher quality education, making the area more appealing.... Read more
Student-to-teacher ratio in Monterey County, California over the last 9 years
Monterey County, California has seen fluctuations in its student-to-teacher ratio over the past nine years, peaking at 36 students per teacher in 2016, but steadily decreasing to 19 in 2023. This drop places Monterey County's ratio below the US national average of 14 students per teacher, which might suggest smaller class sizes and potentially more personalized attention for students. For prospective investors, real estate agents, and families looking to move, lower student-to-teacher ratios can signal higher quality education, making the area more attractive. Similarly, appraisers and insurance agents might see this trend as an indicator of community investment in education, potentially impacting property values and risk assessments.
