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ZIP Code · CA

ZIP 93950

Pop. 14,951·Monterey County·417th most expensive ZIP in California
Median rent (all units)
$2,860/mo
Year-over-Year
-2.1%
Month-over-Month
-3.4%
vs US Median
+$895
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 93950 · $2,860
More expensive than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,140
1 BR
$2,199
2 BR
$2,645
3 BR
$3,567
4 BR+
$3,886
Research median
$2,645/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
$34,320/yr
At $2,860/mo median
Location
StateCA
CountyMonterey County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.1% YoY, -3.4% MoM), not inventory.
Demographics

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.

Population
14,951
Median income
$106,065
Median age
51.2
Renters
49.6%
Age distribution
15.6%
17.2%
21.7%
14.9%
30.6%
Under 1815.6%
18–3417.2%
35–5421.7%
55–6414.9%
65+30.6%
Gender
46.1%
53.9%
Male46.1%
Female53.9%
Race & ethnicity
73.2%
13%
White73.2%
Black1.1%
Hispanic13%
Asian7.8%
Other4.9%
Education (25+)
24.7%
59.6%
No HS diploma4.9%
HS diploma10.7%
Some college24.7%
Bachelor's+59.6%
Housing tenure
50.4%
49.6%
Owner50.4%
Renter49.6%

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

2021 vs 2026

How ZIP 93950 in Pacific Grove, CA has changed in 5 years

Rent
$2,378 → $2,860
up 20.3%
Income
$92,980 → $106,065
up 14.1%
Population
15,169 → 14,951
down 1.4%
Renter share
53.3% → 49.6%
-3.7 pts
Bachelor's+
55.4% → 59.6%
+4.2 pts
Median age
48 → 51.2
+3.2 yrs

Since 2021, the typical rent in ZIP 93950 in Pacific Grove, CA has climbed from $2,378 to $2,860, a 20.3% 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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Local insights

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About renting in ZIP 93950

Last updated: July 20, 2026

ZIP code 93950 covers Pacific Grove, CA. The median rent here is $2,860/mo as of July 2026. A 1-bedroom rents for a median of $2,199/mo. A 2-bedroom rents for a median of $2,645/mo.

At 32% of local median household income ($106,065/yr), ZIP 93950 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 93950?

As of July 20, 2026, the median monthly rent in ZIP 93950 (Pacific Grove, CA) is $2,860. This is based on aggregated data from public sources and community submissions.

How does ZIP 93950 rent compare to the US average?

ZIP 93950's median rent of $2,860/mo is $895 (46%) above the US national median of $1,965/mo.

How does ZIP 93950 compare to other ZIPs in California?

ZIP 93950 falls in the middle range for California, ranking #417 out of 907 ZIPs at $2,860/mo.

How much income do you need to rent in ZIP 93950?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,860/mo in ZIP 93950. The local median household income is $106,065/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 93950?

Rent in ZIP 93950 has decreased 2.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 93950 an affordable place to rent?

ZIP 93950 is considered moderate for renters. At $2,860/mo, rent takes approximately 32% of the local median household income ($106,065/yr). The standard benchmark is 30%. ZIP 93950 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 93950 residents rent vs. own?

According to Census data, approximately 49.6% of ZIP 93950 households are renters, while 50.4% are owner-occupied. ZIP 93950 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 93950 compare to the rest of Pacific Grove?

ZIP 93950 sits right at the Pacific Grove citywide median of $2,860/mo.

When was rent data for ZIP 93950 last updated?

Rent data for ZIP 93950 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $2,860/mo, rent takes ~32% of ZIP 93950's median household income ($106,065/yr). The standard benchmark is 30%.

ZIP 93950 32%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 93950 (Pacific Grove, CA)

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