ZIP 93950
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12-month history
Last updated: October 17, 2026
What the numbers show
November. Asking rents in ZIP 93950 usually run 0.5% below trend in November and 0.4% above it in July, about $29 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 93950 is at its highest level since Zillow's records here began in February 2019.
Rent in ZIP 93950 changed +6.4% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
Rent in ZIP 93950 is 43.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($106,065) is $2,652 a month. That is less than HUD's Fair Market Rent for a studio ($2,880).
ZIP 93940, 6 miles away, rents for 15% less ($2,695/mo), about $5,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 93950. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 93950 (Pacific Grove, CA) is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 59.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 93950 in Pacific Grove, CA has changed in 5 years
Since 2021, the typical rent in ZIP 93950 in Pacific Grove, CA has climbed from $2,416 to $3,176, a 31.5% change over five years. Median household income rose from $92,980 to $106,065 between 2021 and 2024, a 14.1% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.4% since 2021, moving from about 15,169 residents to roughly 14,951. Renters now make up 49.6% of households, compared with 53.3% five years ago. College-educated residents now make up 59.6% of adults here, versus 55.4% in 2021. Taken together, the five-year picture in ZIP 93950 in Pacific Grove, CA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 93950
Last updated: October 17, 2026
ZIP code 93950 covers Pacific Grove, CA. The median rent here is $3,176/mo as of October 2026. A 1-bedroom rents for a median of $2,960/mo. A 2-bedroom rents for a median of $3,560/mo.
At 36% of local median household income ($106,065/yr), ZIP 93950 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.4% over the past year.
Frequently asked questions
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How does ZIP 93950 compare to the rest of Pacific Grove?
At $3,176/mo, rent takes ~36% of ZIP 93950's median household income ($106,065/yr). The standard benchmark is 30%.
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