93940 — Monterey County, California Market Snapshot
Housing market data for zip code 93940 in Monterey County, California. Updated monthly with median prices, days on market, and more.
Market Sales Data
64 sales in 2026 (year to date)
Median Sale Price
$1,060,000
Days to Sell
35
Homes Sold
64
Inventory
68
Sale-to-List
97.6%
New Listings
93
Price/SqFt
$703
Pending Sales
90
Jumbo Loan Likely Needed
The median home in 93940 at $1,060,000 exceeds the 2026 conforming loan limit of $994,750 by $65,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
93940's market is balanced with homes taking an average of 35 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 93940 sells for 2.4% below asking price (97.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 93940 at $1,060,000 exceeds the 2026 conforming loan limit of $994,750 by $65,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 93940 are set at the county level.
2026 Loan Limits — Monterey County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $994,750 | $994,750 |
| 2 Units | $1,273,450 | $1,273,450 |
| 3 Units | $1,539,350 | $1,539,350 |
| 4 Units | $1,913,000 | $1,913,000 |
Affordability Snapshot — Zip 93940
To purchase the median home at $1,060,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $8,271.
Monthly Payment
$8,271
Income Required
$354,488
Principal & Interest
$6,531/mo
Down Payment (5%)
$53,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 93940.
Estimated Monthly Payment
$6,710
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 93940. Tell us what you're looking for.