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Why Live in Old Monterey

Old Monterey is a picturesque neighborhood steeped in history and set against the stunning California coastline. Its cobblestone streets are home to a unique blend of Spanish Colonial and New England architecture, with homes ranging from 18th-century adobe structures to classic Monterey Colonial styles. The family-friendly area is served by the Monterey Peninsula Unified School District, and neighborhood students can attend Monterey High School, known for its Art, Media, and Performance Academy. The area is rich in cultural landmarks such as Colton Hall and the Larkin House, while Alvarado Street serves as the historic heart of the community. Food lovers will enjoy local favorites such as Old Monterey Café and Melville Tavern, and nearby Fisherman’s Wharf offers fresh seafood with ocean views. While grocery options within Old Monterey are limited, Whole Foods is just a short drive away. For outdoor enthusiasts, Jacks Park features over 8 miles of scenic hiking trails, and Larkin Park provides a peaceful spot for picnics and play. The Monterey-Salinas Transit bus system provides public transportation to local points of interest, including Community Hospital of the Monterey Peninsula, about 2 miles away. A seasonal free trolley offers access to downtown destinations. With historic charm, coastal beauty and modern convenience, Old Monterey is a welcoming destination for new residents.

Old Monterey Home Prices vs. Nearby Monterey, CA Neighborhoods

Old Monterey New Monterey Old Town East Monterey
Median Home Price
$1,125,000
$1,150,000
$1,395,000
$847,000
Median Sale Price
$1,087,150
$1,075,000
-4% YoY
$1,322,500
+14% YoY
$833,500
-37% YoY
Median Single Family Price
$1,087,150
$1,062,500
$1,322,500
$1,214,000
Median Condo Price
--
$1,275,000
$745,713
$564,000
Total Active Listings
0
10
2
6
Market Conditions
0 Months of Supply
Seller's Market
4 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market

Frequently Asked Questions

Is Old Monterey a good place to live?
Old Monterey is a good place to live. Old Monterey is considered very walkable and very bikeable with good transit options. Old Monterey is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Old Monterey has 6 parks for recreational activities. It is fairly sparse in population with 3.0 people per acre and a median age of 42. The average household income is $69,533 which is below the national average. College graduates make up 43.5% of residents. A majority of residents in Old Monterey are renters, with 93% of residents renting and 7% of residents owning their home. A local real estate agent serving Old Monterey can help you decide if this neighborhood is the right one for you. Learn more on our Old Monterey neighborhood guide.
Is Old Monterey, CA a safe neighborhood?
Old Monterey, CA is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Old Monterey?
The median home price in Old Monterey is $1,125,000. If you put a 20% down payment of $225,000 and had a 30-year fixed mortgage with an interest rate of 6.43%, your estimated principal and interest payment would be $5,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $242K a year to afford the median home price in Old Monterey. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Old Monterey is $70K.
What are the best public schools in Old Monterey?
The best public schools that serve Old Monterey are:
What are the best private schools in Old Monterey?
The best private schools that serve Old Monterey are:
  • Santa Catalina School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.4.
  • San Carlos School has an A Niche grade, a student teacher ratio of 13:1 and an average review score of 4.7.
  • Trinity Christian School has a B+ Niche grade, a student teacher ratio of 5:1 and an average review score of 4.1.
What are the most popular zip codes in Old Monterey, Monterey, CA?
The most popular zip codes in Old Monterey, Monterey, CA include 93940, 93950, 93923, 93953 and 93955.
What are the most popular neighborhoods near Old Monterey, Monterey, CA?
The most popular neighborhoods near Old Monterey, Monterey, CA are East Monterey, Monterey Vista, New Monterey, Skyline Forest and Del Monte Beach.
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