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ZIP Code · CA

ZIP 93923

Pop. 12,565·Monterey County·17th most expensive ZIP in California
Median rent (all units)
$5,963/mo
Year-over-Year
Stable
Month-over-Month
+5.4%
vs US Median
+$3,998
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 93923 · $5,963
More expensive than 99% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,460
1 BR
$2,560
2 BR
$3,040
3 BR
$4,100
4 BR+
$4,460
Research median
$3,040/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$71,556/yr
At $5,963/mo median
Location
StateCA
CountyMonterey County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +5.4% MoM), not inventory.
Demographics

Who lives here

ZIP 93923 (Carmel-by-the-Sea, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 64.9% of residents hold a bachelor's degree or higher.

Population
12,565
Median income
$142,474
Median age
59.4
Renters
23.3%
Age distribution
16.7%
19.7%
17.1%
39.2%
Under 1816.7%
18–347.3%
35–5419.7%
55–6417.1%
65+39.2%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
77.3%
12.7%
White77.3%
Black1.1%
Hispanic12.7%
Asian6.6%
Other2.4%
Education (25+)
23%
64.9%
No HS diploma4.7%
HS diploma7.4%
Some college23%
Bachelor's+64.9%
Housing tenure
76.7%
23.3%
Owner76.7%
Renter23.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 93923 in Carmel-by-the-Sea, CA has changed in 5 years

Income
$107,255 → $142,474
up 32.8%
Population
12,758 → 12,565
down 1.5%
Renter share
21.8% → 23.3%
+1.5 pts
Bachelor's+
64.6% → 64.9%
+0.3 pts
Median age
60.4 → 59.4
-1.0 yrs

Median household income rose from $107,255 to $142,474 between 2021 and 2024, a 32.8% shift. The population has contracted by 1.5% since 2021, moving from about 12,758 residents to roughly 12,565. Renters now make up 23.3% of households, compared with 21.8% five years ago.

Community

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Local insights

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About renting in ZIP 93923

Last updated: July 20, 2026

ZIP code 93923 covers Carmel-by-the-Sea, CA. The median rent here is $5,963/mo as of July 2026. A 1-bedroom rents for a median of $2,560/mo. A 2-bedroom rents for a median of $3,040/mo.

At 50% of local median household income ($142,474/yr), ZIP 93923 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 93923?

As of July 20, 2026, the median monthly rent in ZIP 93923 (Carmel-by-the-Sea, CA) is $5,963. This is based on aggregated data from public sources and community submissions.

How does ZIP 93923 rent compare to the US average?

ZIP 93923's median rent of $5,963/mo is $3,998 (203%) above the US national median of $1,965/mo.

How does ZIP 93923 compare to other ZIPs in California?

ZIP 93923 is one of the pricier ZIP codes in California, ranking #17 out of 907 ZIPs tracked at $5,963/mo.

How much income do you need to rent in ZIP 93923?

To keep rent at or below 30% of gross income, you would need to earn at least $239,000/year (~$115/hour full-time) to afford the median rent of $5,963/mo in ZIP 93923. The local median household income is $142,474/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 93923?

Rent in ZIP 93923 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 93923 an affordable place to rent?

ZIP 93923 is considered stretched for renters. At $5,963/mo, rent takes approximately 50% of the local median household income ($142,474/yr). The standard benchmark is 30%. ZIP 93923 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 93923 residents rent vs. own?

According to Census data, approximately 23.3% of ZIP 93923 households are renters, while 76.7% are owner-occupied. ZIP 93923 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 93923 compare to the rest of Carmel-by-the-Sea?

ZIP 93923 is more affordable than Carmel-by-the-Sea overall. At $5,963/mo, it's $318 below the Carmel-by-the-Sea citywide median of $6,281/mo.

When was rent data for ZIP 93923 last updated?

Rent data for ZIP 93923 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
50%
STRETCHED

At $5,963/mo, rent takes ~50% of ZIP 93923's median household income ($142,474/yr). The standard benchmark is 30%.

ZIP 93923 50%Benchmark 30%
State income tax1–13.3%
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Public schools near ZIP 93923 (Carmel-by-the-Sea, CA)

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