93944 — Monterey County, California Market Snapshot

Housing market data for zip code 93944 in Monterey County, California. Updated monthly with median prices, days on market, and more.

Data as of November 2015

Limited Sales Data

Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Monterey County county page for broader data.

Market Sales Data

1 sales in 2015

Source: Redfin

Median Sale Price

$820,000

Closed sales

Days to Sell

63

Median, listing to close

Homes Sold

1

Closed in 2015

Inventory

N/A

Conforming Loan Available

The median home in 93944 at $820,000 falls within the 2026 conforming loan limit of $994,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.

Market Insights

Market Temperature

With homes sitting for 63 days on average, 93944 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.

Conforming Loan Feasibility

The median home in 93944 at $820,000 falls within the 2026 conforming loan limit of $994,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.

Loan limits in 93944 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 93944

To purchase the median home at $820,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,433.

Monthly Payment

$6,433

Income Required

$275,682

Principal & Interest

$5,053/mo

Down Payment (5%)

$41,000

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 93944.

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Estimated Monthly Payment

$5,225

Principal & Interest$4,255
Property Tax$820
Insurance$150
Loan Amount$656,000
Total Interest$875,728
Income Required$223,920/yr

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