$1,750,000
- 6 Beds
- 4.5 Baths
- 2,063 Sq Ft
947 W Franklin St, Monterey, CA 93940
Stuart Shankle Sotheby’s International Realty
Frequently Asked Questions
Is Old Town a good place to live?
Old Town is a good place to live. Old Town is considered somewhat walkable and bikeable with minimal transit options. Old Town is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Old Town has 6 parks for recreational activities. It is very dense in population with 16.8 people per acre and a median age of 39. The average household income is $117,348 which is above the national average. College graduates make up 59.9% of residents. A majority of residents in Old Town are renters, with 75.3% of residents renting and 24.7% of residents owning their home. A local real estate agent serving Old Town can help you decide if this neighborhood is the right one for you. Learn more on our Old Town neighborhood guide.
Is Old Town, CA a safe neighborhood?
Old Town, 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 Town?
The median home price in Old Town is $1,395,000. If you put a 20% down payment of $279,000 and had a 30-year fixed mortgage with an interest rate of 6.53%, your estimated principal and interest payment would be $7,080 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $303K a year to afford the median home price in Old Town. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Old Town is $117K.
What are the best public schools in Old Town?
The best public schools that serve Old Town are:
- Monterey High School has an A Niche grade, a student teacher ratio of 19:1 and an average review score of 3.4.
- Monte Vista Middle School has a B+ Niche grade and a student teacher ratio of 22:1.
- Monte Vista Elementary School has a B- Niche grade and a student teacher ratio of 14:1.
What are the best private schools in Old Town?
The best private schools that serve Old Town 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 Town, Monterey, CA?
What are the most popular neighborhoods near Old Town, Monterey, CA?
The most popular neighborhoods near Old Town, Monterey, CA are Monterey Vista, New Monterey, Skyline Forest, East Monterey and Del Monte Beach.
Are home prices dropping in Old Town?
Yes, home prices in Old Town are down 3% in the last 12 months.
