Ultimate Monterey County Real Estate Investing Guide for 2024
Overview
Monterey County Real Estate Investing Market Overview
Over the past ten years, the population growth rate in Monterey County has an annual average of . By contrast, the average rate at the same time was for the full state, and nationally.
Throughout the same 10-year term, the rate of growth for the entire population in Monterey County was , in comparison with for the state, and throughout the nation.
Presently, the median home value in Monterey County is . In comparison, the median market value in the United States is , and the median price for the entire state is .
Over the last ten years, the yearly growth rate for homes in Monterey County averaged . The average home value appreciation rate during that time across the state was annually. Across the country, property value changed annually at an average rate of .
If you look at the property rental market in Monterey County you’ll discover a gross median rent of , in contrast to the state median of , and the median gross rent throughout the nation of .
Monterey County Real Estate Investing Highlights
Monterey County Top Highlights
https://housecashin.com/investing-guides/investing-monterey-county-ca/#top_highlights_3
Strategies
Strategy Selection
As you start looking at a specific area for viable real estate investment projects, don’t forget the sort of investment strategy that you pursue.
The following article provides specific advice on which statistics you need to consider depending on your plan. Apply this as a model on how to make use of the advice in these instructions to determine the top locations for your investment criteria.
Certain market factors will be significant for all types of real property investment. Public safety, major highway connections, regional airport, etc. Apart from the fundamental real property investment site criteria, different kinds of real estate investors will search for different market advantages.
Those who purchase vacation rental properties need to see places of interest that deliver their desired renters to the area. Flippers have to see how soon they can unload their improved property by looking at the average Days on Market (DOM). They need to check if they will control their spendings by selling their refurbished properties without delay.
Long-term investors look for clues to the durability of the area’s job market. Real estate investors will review the community’s most significant employers to find out if there is a varied group of employers for their renters.
When you are undecided regarding a method that you would like to adopt, consider gaining guidance from property investment mentors in Monterey County CA. You’ll additionally enhance your career by signing up for any of the best property investor groups in Monterey County CA and be there for property investor seminars and conferences in Monterey County CA so you’ll listen to ideas from multiple professionals.
Now, let’s contemplate real estate investment strategies and the most appropriate ways that investors can review a possible real estate investment community.
Active Real Estate Investment Strategies
Buy and Hold
When an investor acquires an investment property and keeps it for a prolonged period, it is thought to be a Buy and Hold investment. While a property is being held, it is typically rented or leased, to boost profit.
Later, when the value of the asset has grown, the real estate investor has the advantage of selling the asset if that is to their advantage.
One of the top investor-friendly realtors in Monterey County CA will show you a thorough examination of the local housing environment. Following are the details that you need to acknowledge most completely for your long term venture strategy.
Factors to Consider
Property Appreciation Rate
This is an essential yardstick of how solid and prosperous a real estate market is. You are looking for dependable increases each year. Long-term investment property growth in value is the basis of the whole investment program. Dwindling appreciation rates will most likely make you delete that location from your lineup altogether.
Population Growth
If a location’s populace isn’t increasing, it clearly has a lower need for residential housing. It also often causes a decrease in real estate and rental prices. With fewer people, tax revenues decrease, affecting the caliber of schools, infrastructure, and public safety. You want to find growth in a market to consider investing there. Much like property appreciation rates, you want to see stable annual population growth. Both long- and short-term investment metrics are helped by population expansion.
Property Taxes
Property tax levies are a cost that you will not avoid. You should bypass places with unreasonable tax rates. Municipalities generally cannot bring tax rates lower. A municipality that continually raises taxes may not be the effectively managed city that you’re searching for.
Sometimes a singular parcel of real property has a tax evaluation that is too high. When that happens, you might select from top real estate tax advisors in Monterey County CA for a specialist to submit your case to the municipality and conceivably get the real property tax value lowered. But complex instances including litigation call for the expertise of Monterey County property tax attorneys.
Price to rent ratio
The price to rent ratio (p/r) equals the median property price divided by the annual median gross rent. A city with low rental rates will have a higher p/r. The higher rent you can charge, the more quickly you can repay your investment. Look out for an exceptionally low p/r, which could make it more costly to lease a house than to buy one. This may push tenants into acquiring a residence and inflate rental unoccupied ratios. Nonetheless, lower p/r ratios are generally more acceptable than high ratios.
Median Gross Rent
Median gross rent is an accurate signal of the reliability of a location’s rental market. Consistently expanding gross median rents indicate the type of dependable market that you seek.
Median Population Age
Residents’ median age can indicate if the market has a dependable worker pool which indicates more available renters. If the median age approximates the age of the area’s labor pool, you will have a dependable pool of renters. A high median age shows a populace that could become an expense to public services and that is not engaging in the real estate market. Larger tax bills can be a necessity for cities with a graying population.
Employment Industry Diversity
When you’re a long-term investor, you cannot accept to compromise your asset in a community with only one or two significant employers. Diversification in the total number and types of business categories is ideal. This prevents the stoppages of one industry or corporation from hurting the complete rental market. You don’t want all your tenants to lose their jobs and your asset to depreciate because the sole major job source in town shut down.
Unemployment Rate
If unemployment rates are excessive, you will find not many opportunities in the town’s housing market. Rental vacancies will grow, bank foreclosures may go up, and revenue and investment asset improvement can both suffer. When people lose their jobs, they can’t pay for goods and services, and that hurts businesses that hire other individuals. A market with severe unemployment rates faces unreliable tax receipts, not many people moving there, and a problematic financial outlook.
Income Levels
Income levels are a key to sites where your likely renters live. Buy and Hold investors investigate the median household and per capita income for individual portions of the market as well as the region as a whole. When the income rates are expanding over time, the market will probably maintain steady renters and permit higher rents and gradual increases.
Number of New Jobs Created
The amount of new jobs appearing on a regular basis allows you to estimate a community’s forthcoming economic prospects. New jobs are a source of prospective tenants. New jobs create additional tenants to replace departing tenants and to fill additional rental investment properties. A financial market that generates new jobs will draw additional workers to the community who will rent and buy properties. This fuels a strong real property marketplace that will increase your properties’ values when you need to liquidate.
School Ratings
School quality should also be seriously considered. New businesses want to find outstanding schools if they want to relocate there. The condition of schools will be a big motive for households to either stay in the community or relocate. This may either boost or decrease the number of your possible tenants and can affect both the short-term and long-term worth of investment property.
Natural Disasters
With the primary plan of reselling your property subsequent to its value increase, the property’s physical status is of the highest importance. For that reason you will need to avoid places that regularly go through troublesome natural calamities. Nonetheless, you will still need to protect your investment against calamities normal for most of the states, such as earth tremors.
As for potential loss created by tenants, have it protected by one of the recommended landlord insurance brokers in Monterey County CA.
Long Term Rental (BRRRR)
BRRRR is an abbreviation of “Buy, Rehab, Rent, Refinance, Repeat”. BRRRR is a plan for continuous growth. It is essential that you be able to do a “cash-out” refinance loan for the strategy to work.
When you have finished refurbishing the rental, the value should be more than your combined acquisition and fix-up expenses. Then you remove the value you created out of the property in a “cash-out” refinance. You employ that capital to purchase an additional investment property and the procedure starts anew. You add growing investment assets to the portfolio and lease revenue to your cash flow.
When an investor holds a large portfolio of investment properties, it seems smart to hire a property manager and create a passive income stream. Discover top real estate managers in Monterey County CA by using our directory.
Factors to Consider
Population Growth
Population growth or contraction signals you if you can expect good returns from long-term real estate investments. If you see good population expansion, you can be certain that the community is drawing potential renters to it. Employers see this community as an appealing area to situate their enterprise, and for employees to relocate their families. This equates to reliable renters, higher rental income, and more potential buyers when you need to unload your asset.
Property Taxes
Real estate taxes, ongoing upkeep expenses, and insurance specifically influence your revenue. Unreasonable payments in these categories jeopardize your investment’s returns. If property taxes are too high in a particular city, you will need to search in another place.
Price to Rent Ratio
Price to rent ratio (p/r) is a market signal that shows you how much you can plan to demand for rent. An investor will not pay a high sum for a house if they can only demand a small rent not enabling them to repay the investment in a reasonable time. You need to see a lower p/r to be comfortable that you can establish your rents high enough to reach good returns.
Median Gross Rents
Median gross rents let you see whether an area’s rental market is strong. Median rents must be growing to warrant your investment. If rents are declining, you can drop that market from deliberation.
Median Population Age
The median residents’ age that you are looking for in a vibrant investment environment will be near the age of salaried adults. You’ll find this to be true in communities where people are moving. If you find a high median age, your source of tenants is declining. A vibrant investing environment can’t be supported by retiring workers.
Employment Base Diversity
A diverse employment base is something a wise long-term investor landlord will look for. If your renters are employed by only several significant enterprises, even a minor issue in their operations might cause you to lose a great deal of renters and raise your exposure significantly.
Unemployment Rate
High unemployment results in fewer renters and an uncertain housing market. Out-of-job people can’t be customers of yours and of related companies, which produces a domino effect throughout the community. The remaining workers could see their own incomes marked down. This may cause missed rents and lease defaults.
Income Rates
Median household and per capita income will reflect if the renters that you require are living in the location. Rising incomes also inform you that rental fees can be hiked throughout the life of the investment property.
Number of New Jobs Created
The more jobs are constantly being created in a community, the more reliable your renter pool will be. An environment that generates jobs also increases the amount of players in the property market. This allows you to acquire additional rental assets and backfill existing unoccupied properties.
School Ratings
The reputation of school districts has a significant effect on real estate prices throughout the community. Highly-rated schools are a prerequisite for companies that are looking to relocate. Relocating companies relocate and attract potential tenants. New arrivals who need a house keep real estate market worth up. Superior schools are a vital factor for a reliable property investment market.
Property Appreciation Rates
Good real estate appreciation rates are a must for a profitable long-term investment. You have to know that the chances of your investment raising in price in that location are likely. Inferior or shrinking property appreciation rates should remove a market from the selection.
Short Term Rentals
A short-term rental is a furnished apartment or house where a renter stays for less than one month. The per-night rental prices are usually higher in short-term rentals than in long-term rental properties. These apartments may require more constant upkeep and sanitation.
Typical short-term renters are tourists, home sellers who are buying another house, and corporate travelers who want more than hotel accommodation. Regular property owners can rent their homes on a short-term basis via websites like AirBnB and VRBO. A convenient approach to enter real estate investing is to rent a property you currently own for short terms.
Short-term rentals involve engaging with renters more often than long-term ones. This dictates that landlords handle disagreements more regularly. Think about covering yourself and your properties by adding one of real estate lawyers in Monterey County CA to your network of professionals.
Factors to Consider
Short-Term Rental Income
You must determine the level of rental revenue you are aiming for based on your investment plan. A glance at an area’s present average short-term rental prices will tell you if that is an ideal location for your plan.
Median Property Prices
You also need to know how much you can afford to invest. To find out whether a community has possibilities for investment, examine the median property prices. You can calibrate your community survey by studying the median market worth in particular sub-markets.
Price Per Square Foot
Price per square foot provides a general idea of property prices when estimating similar properties. If you are analyzing the same types of property, like condos or individual single-family residences, the price per square foot is more reliable. It may be a fast method to compare different sub-markets or residential units.
Short-Term Rental Occupancy Rate
A closer look at the community’s short-term rental occupancy rate will inform you if there is demand in the site for additional short-term rental properties. If the majority of the rental units are filled, that location requires more rental space. If the rental occupancy rates are low, there isn’t enough demand in the market and you need to explore elsewhere.
Short-Term Rental Cash-on-Cash Return
A short-term rental’s cash-on-cash return can inform you if the purchase is a good use of your money. Take your estimated Net Operating Income (NOI) and divide it by your investment cash budget. The resulting percentage is your cash-on-cash return. High cash-on-cash return demonstrates that you will get back your money quicker and the purchase will earn more profit. Loan-assisted ventures will have a higher cash-on-cash return because you’re investing less of your funds.
Average Short-Term Rental Capitalization (Cap) Rates
This metric shows the comparability of investment property value to its per-annum return. High cap rates indicate that properties are accessible in that location for reasonable prices. Low cap rates signify higher-priced real estate. You can determine the cap rate for possible investment real estate by dividing the Net Operating Income (NOI) by the market worth or asking price of the residential property. The percentage you will receive is the property’s cap rate.
Local Attractions
Short-term rental units are popular in cities where visitors are attracted by activities and entertainment venues. If a community has places that regularly produce must-see events, like sports arenas, universities or colleges, entertainment venues, and theme parks, it can invite visitors from outside the area on a recurring basis. At specific seasons, regions with outside activities in the mountains, seaside locations, or near rivers and lakes will bring in crowds of people who want short-term residence.
Fix and Flip
When an investor purchases a house for less than the market value, fixes it and makes it more attractive and pricier, and then disposes of the property for a profit, they are referred to as a fix and flip investor. The keys to a profitable investment are to pay a lower price for the property than its as-is worth and to correctly determine what it will cost to make it saleable.
You also need to evaluate the real estate market where the property is positioned. The average number of Days On Market (DOM) for properties listed in the community is vital. As a ”rehabber”, you will want to sell the fixed-up house immediately so you can stay away from maintenance expenses that will lower your profits.
Help determined real property owners in locating your firm by placing your services in our directory of Monterey County property cash buyers and Monterey County property investment firms.
Also, team up with Monterey County property bird dogs. Specialists in our catalogue specialize in securing desirable investment opportunities while they’re still unlisted.
Factors to Consider
Median Home Price
The market’s median home price will help you spot a suitable neighborhood for flipping houses. When values are high, there might not be a steady source of run down properties available. You have to have lower-priced properties for a profitable fix and flip.
If you see a sudden drop in real estate values, this could indicate that there are possibly properties in the region that will work for a short sale. Investors who partner with short sale facilitators in Monterey County CA receive continual notifications regarding potential investment properties. Learn more regarding this kind of investment detailed in our guide How Do You Buy a Short Sale House?.
Property Appreciation Rate
The shifts in real property values in a location are vital. Fixed surge in median prices reveals a vibrant investment market. Property market worth in the city should be increasing steadily, not rapidly. You could end up purchasing high and selling low in an unsustainable market.
Average Renovation Costs
A comprehensive review of the market’s construction costs will make a significant impact on your area choice. The way that the local government goes about approving your plans will have an effect on your venture too. If you have to present a stamped set of plans, you’ll have to incorporate architect’s charges in your budget.
Population Growth
Population information will show you if there is solid demand for houses that you can provide. When there are purchasers for your renovated properties, the numbers will indicate a robust population growth.
Median Population Age
The median population age is a factor that you might not have thought about. When the median age is the same as that of the average worker, it’s a positive indication. People in the local workforce are the most steady home purchasers. People who are preparing to depart the workforce or are retired have very particular housing requirements.
Unemployment Rate
You want to have a low unemployment level in your considered city. An unemployment rate that is less than the national average is preferred. If the region’s unemployment rate is lower than the state average, that’s an indication of a desirable investing environment. Jobless individuals won’t be able to buy your real estate.
Income Rates
The residents’ wage levels can tell you if the area’s economy is scalable. Most homebuyers need to take a mortgage to purchase a house. The borrower’s wage will dictate the amount they can borrow and whether they can purchase a house. You can see from the area’s median income if enough people in the city can afford to purchase your homes. Search for communities where the income is going up. When you want to increase the purchase price of your houses, you need to be positive that your homebuyers’ wages are also increasing.
Number of New Jobs Created
The number of employment positions created on a steady basis tells if wage and population increase are sustainable. Residential units are more conveniently liquidated in a region that has a strong job environment. With a higher number of jobs generated, new potential home purchasers also migrate to the area from other locations.
Hard Money Loan Rates
People who purchase, renovate, and flip investment properties like to engage hard money and not regular real estate loans. This strategy enables them complete desirable deals without delay. Discover private money lenders for real estate in Monterey County CA and estimate their rates.
Someone who wants to learn about hard money financing products can find what they are and how to employ them by reading our guide titled How Do Hard Money Lenders Work?.
Wholesaling
Wholesaling is a real estate investment approach that involves scouting out residential properties that are appealing to real estate investors and signing a sale and purchase agreement. When a real estate investor who approves of the property is found, the contract is sold to them for a fee. The seller sells the property to the investor not the real estate wholesaler. The real estate wholesaler does not sell the property under contract itself — they just sell the purchase agreement.
Wholesaling depends on the assistance of a title insurance firm that’s experienced with assigning purchase contracts and comprehends how to deal with a double closing. Discover title companies that specialize in real estate property investments in Monterey County CA that we selected for you.
Discover more about the way to wholesale property from our extensive guide — Real Estate Wholesaling 101. As you conduct your wholesaling business, place your firm in HouseCashin’s list of Monterey County top investment property wholesalers. This will allow any desirable customers to discover you and reach out.
Factors to Consider
Median Home Prices
Median home values are key to locating regions where houses are selling in your real estate investors’ price level. Lower median values are a solid indicator that there are plenty of properties that could be acquired for less than market value, which investors need to have.
A quick depreciation in the value of property may generate the swift availability of homes with negative equity that are hunted by wholesalers. Wholesaling short sale properties often brings a collection of particular advantages. Nevertheless, be cognizant of the legal liability. Find out about this from our guide Can I Wholesale a Short Sale Home?. If you choose to give it a try, make certain you have one of short sale real estate attorneys in Monterey County CA and mortgage foreclosure lawyers in Monterey County CA to work with.
Property Appreciation Rate
Median home purchase price changes explain in clear detail the housing value in the market. Investors who intend to sit on real estate investment assets will have to discover that home market values are consistently going up. A declining median home price will show a poor leasing and home-buying market and will eliminate all sorts of investors.
Population Growth
Population growth figures are essential for your prospective purchase contract purchasers. A growing population will require new housing. This includes both leased and ‘for sale’ properties. When a population isn’t expanding, it does not need more housing and real estate investors will search somewhere else.
Median Population Age
A dynamic housing market necessitates residents who are initially renting, then shifting into homeownership, and then moving up in the residential market. This takes a robust, stable labor force of citizens who are confident enough to buy up in the residential market. That’s why the location’s median age should be the age of skilled workers in the workplace.
Income Rates
The median household and per capita income demonstrate constant increases continuously in areas that are desirable for real estate investment. Surges in lease and listing prices have to be sustained by growing income in the region. That will be vital to the real estate investors you are looking to draw.
Unemployment Rate
Investors will pay close attention to the community’s unemployment rate. Tenants in high unemployment cities have a difficult time paying rent on schedule and many will skip rent payments completely. Long-term real estate investors will not buy a home in a city like that. Renters can’t step up to property ownership and current owners cannot put up for sale their property and go up to a bigger home. This can prove to be hard to reach fix and flip investors to take on your buying contracts.
Number of New Jobs Created
Learning how frequently additional employment opportunities are produced in the market can help you determine if the property is located in a stable housing market. More jobs created mean plenty of employees who need spaces to rent and purchase. Whether your client base is made up of long-term or short-term investors, they will be drawn to a community with stable job opening generation.
Average Renovation Costs
Repair costs will be critical to many investors, as they usually buy cheap neglected houses to repair. When a short-term investor rehabs a property, they have to be prepared to sell it for more money than the total cost of the acquisition and the upgrades. Give preference to lower average renovation costs.
Mortgage Note Investing
This strategy includes obtaining a loan (mortgage note) from a mortgage holder for less than the balance owed. By doing so, the purchaser becomes the mortgage lender to the original lender’s borrower.
Performing notes mean loans where the homeowner is always current on their payments. Performing loans bring repeating revenue for you. Some mortgage investors like non-performing notes because when the mortgage note investor can’t satisfactorily re-negotiate the loan, they can always acquire the collateral at foreclosure for a low price.
Ultimately, you could have a lot of mortgage notes and require more time to manage them by yourself. When this develops, you might pick from the best loan servicing companies in Monterey County CA which will designate you as a passive investor.
When you want to adopt this investment method, you ought to include your venture in our list of the best mortgage note buyers in Monterey County CA. Once you do this, you will be seen by the lenders who announce lucrative investment notes for procurement by investors like you.
Factors to consider
Foreclosure Rates
Performing loan purchasers prefer communities having low foreclosure rates. If the foreclosures are frequent, the neighborhood might still be good for non-performing note investors. If high foreclosure rates have caused a slow real estate environment, it might be tough to get rid of the property if you foreclose on it.
Foreclosure Laws
Note investors want to understand the state’s laws regarding foreclosure before buying notes. They’ll know if the state dictates mortgage documents or Deeds of Trust. While using a mortgage, a court has to agree to a foreclosure. Lenders don’t have to have the court’s approval with a Deed of Trust.
Mortgage Interest Rates
The interest rate is determined in the mortgage notes that are acquired by investors. That rate will significantly impact your returns. Interest rates are significant to both performing and non-performing note investors.
The mortgage loan rates set by traditional lending companies are not equal everywhere. Loans issued by private lenders are priced differently and may be more expensive than traditional loans.
A mortgage note investor ought to be aware of the private and traditional mortgage loan rates in their communities at any given time.
Demographics
A neighborhood’s demographics details assist mortgage note buyers to target their efforts and effectively use their assets. The location’s population growth, employment rate, job market growth, income levels, and even its median age provide important data for investors.
Performing note buyers want homebuyers who will pay without delay, developing a repeating income flow of mortgage payments.
Note buyers who acquire non-performing notes can also make use of dynamic markets. If foreclosure is necessary, the foreclosed house is more conveniently liquidated in a good real estate market.
Property Values
Lenders want to find as much equity in the collateral property as possible. If the property value is not much more than the loan amount, and the mortgage lender needs to foreclose, the house might not sell for enough to repay the lender. Rising property values help improve the equity in the property as the homeowner pays down the balance.
Property Taxes
Escrows for property taxes are most often sent to the mortgage lender simultaneously with the loan payment. The mortgage lender passes on the taxes to the Government to ensure they are paid on time. If the borrower stops paying, unless the mortgage lender remits the taxes, they will not be paid on time. When property taxes are delinquent, the government’s lien leapfrogs any other liens to the head of the line and is taken care of first.
If a region has a record of growing property tax rates, the combined house payments in that area are steadily growing. Overdue borrowers may not have the ability to keep up with increasing payments and could interrupt paying altogether.
Real Estate Market Strength
A vibrant real estate market with regular value appreciation is good for all kinds of mortgage note buyers. The investors can be assured that, if need be, a defaulted property can be unloaded for an amount that is profitable.
Strong markets often open opportunities for note buyers to generate the first loan themselves. This is a strong stream of income for experienced investors.
Passive Real Estate Investment Strategies
Syndications
When investors cooperate by investing money and creating a group to own investment property, it’s referred to as a syndication. One person arranges the investment and invites the others to participate.
The person who gathers the components together is the Sponsor, often called the Syndicator. The Syndicator handles all real estate activities i.e. buying or building properties and managing their use. The Sponsor oversees all business issues including the distribution of income.
Syndication partners are passive investors. They are offered a preferred portion of the net income following the purchase or construction completion. But only the manager(s) of the syndicate can control the operation of the company.
Factors to consider
Real Estate Market
Selecting the type of area you require for a lucrative syndication investment will call for you to determine the preferred strategy the syndication project will execute. To know more concerning local market-related elements significant for typical investment approaches, review the earlier sections of this guide concerning the active real estate investment strategies.
Sponsor/Syndicator
As a passive investor entrusting the Syndicator with your capital, you should examine the Sponsor’s trustworthiness. They must be a knowledgeable real estate investing professional.
Sometimes the Sponsor does not invest funds in the venture. You might want that your Sponsor does have capital invested. In some cases, the Syndicator’s investment is their work in uncovering and developing the investment deal. Some deals have the Syndicator being given an initial fee as well as ownership share in the syndication.
Ownership Interest
All partners have an ownership interest in the company. If the partnership has sweat equity partners, look for participants who place funds to be compensated with a higher percentage of interest.
Being a capital investor, you should additionally intend to be given a preferred return on your funds before profits are disbursed. When net revenues are realized, actual investors are the first who are paid an agreed percentage of their investment amount. All the partners are then given the remaining net revenues determined by their portion of ownership.
When assets are liquidated, profits, if any, are issued to the owners. The total return on an investment like this can really improve when asset sale profits are combined with the annual income from a profitable project. The syndication’s operating agreement outlines the ownership structure and how members are dealt with financially.
REITs
A REIT, or Real Estate Investment Trust, is a firm that makes investments in income-producing real estate. REITs were developed to allow average investors to buy into properties. The typical person can afford to invest in a REIT.
Participants in real estate investment trusts are totally passive investors. REITs oversee investors’ liability with a diversified selection of properties. Participants have the capability to liquidate their shares at any time. Something you can’t do with REIT shares is to choose the investment properties. The properties that the REIT decides to buy are the ones your money is used for.
Real Estate Investment Funds
Mutual funds that own shares of real estate firms are called real estate investment funds. The fund doesn’t hold real estate — it owns shares in real estate businesses. These funds make it easier for a wider variety of people to invest in real estate. Fund participants might not collect regular distributions the way that REIT members do. The benefit to you is created by increase in the value of the stock.
You are able to pick a fund that focuses on particular segments of the real estate industry but not particular markets for individual real estate investment. Your choice as an investor is to choose a fund that you rely on to supervise your real estate investments.
Housing
Monterey County Housing 2024
Monterey County has a median home market worth of , the total state has a median home value of , at the same time that the figure recorded nationally is .
The average home market worth growth rate in Monterey County for the previous ten years is annually. The entire state’s average during the previous ten years was . Nationwide, the per-annum value growth percentage has averaged .
Regarding the rental industry, Monterey County shows a median gross rent of . The median gross rent amount statewide is , and the United States’ median gross rent is .
The rate of people owning their home in Monterey County is . of the state’s populace are homeowners, as are of the populace nationwide.
of rental properties in Monterey County are occupied. The whole state’s tenant occupancy rate is . The countrywide occupancy rate for rental properties is .
The percentage of occupied houses and apartments in Monterey County is , and the percentage of unused single-family and multi-family units is .
Real Estate Trends
Monterey County Home Appreciation Rates
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Monterey County Home Value
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Monterey County Median Home Value
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Monterey County Median Gross Rent
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Monterey County Price To Rent Ratio Over Time
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Monterey County Home Ownership
Monterey County Rent & Ownership
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Monterey County Rent Vs Owner Occupied By Household Type
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Monterey County Occupied & Vacant Number Of Homes And Apartments
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Monterey County Household Type
https://housecashin.com/investing-guides/investing-monterey-county-ca/#household_type_11
Monterey County Property Types
Monterey County Age Of Homes
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Monterey County Types Of Homes
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Monterey County Homes Size
https://housecashin.com/investing-guides/investing-monterey-county-ca/#homes_size_12
Marketplace
Monterey County Investment Property Marketplace
If you are looking to invest in Monterey County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Monterey County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Monterey County investment properties for sale.
Monterey County Investment Properties for Sale
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Financing
Monterey County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Monterey County CA, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Monterey County private and hard money lenders.
Monterey County Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Monterey County Population Trends
The current population of Monterey County is .
Within the past ten years, the population growth rate of Monterey County has been . During that decade, the state showed a growth rate of . The national growth rate across the same term was .
When you split it up annually, the average population growth rate in Monterey County is , in comparison with the state average growth rate of . During the same period, the average annual population growth rate for the United States has been .
The median age in Monterey County is .
Monterey County Population Over Time
https://housecashin.com/investing-guides/investing-monterey-county-ca/#population_over_time_24
Monterey County Population By Year
https://housecashin.com/investing-guides/investing-monterey-county-ca/#population_by_year_24
Monterey County Population By Age And Sex
https://housecashin.com/investing-guides/investing-monterey-county-ca/#population_by_age_and_sex_24
Economy
Monterey County Economy 2024
The median household income in Monterey County is . The state’s population has a median household income of , whereas the national median is .
The citizenry of Monterey County has a per person level of income of , while the per capita level of income for the state is . Per capita income in the country is reported at .
Salaries in Monterey County average , in contrast to across the state, and in the US.
Monterey County has an unemployment average of , whereas the state registers the rate of unemployment at and the nation’s rate at .
All in all, the poverty rate in Monterey County is . The entire state’s poverty rate is , with the national poverty rate at .
Monterey County Residents’ Income
Monterey County Median Household Income
https://housecashin.com/investing-guides/investing-monterey-county-ca/#median_household_income_27
Monterey County Per Capita Income
https://housecashin.com/investing-guides/investing-monterey-county-ca/#per_capita_income_27
Monterey County Income Distribution
https://housecashin.com/investing-guides/investing-monterey-county-ca/#income_distribution_27
Monterey County Poverty Over Time
https://housecashin.com/investing-guides/investing-monterey-county-ca/#poverty_over_time_27
Monterey County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-monterey-county-ca/#property_price_to_income_ratio_over_time_27
Monterey County Job Market
Monterey County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-monterey-county-ca/#employment_industries_(top_10)_28
Monterey County Unemployment Rate
https://housecashin.com/investing-guides/investing-monterey-county-ca/#unemployment_rate_28
Monterey County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-monterey-county-ca/#employment_distribution_by_age_28
Monterey County Average Salary Over Time
https://housecashin.com/investing-guides/investing-monterey-county-ca/#average_salary_over_time_28
Monterey County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-monterey-county-ca/#employment_rate_over_time_28
Monterey County Employed Population Over Time
https://housecashin.com/investing-guides/investing-monterey-county-ca/#employed_population_over_time_28
Schools
Monterey County School Ratings
Monterey County has a public school system made up of grade schools, middle schools, and high schools.
of public school students in Monterey County are high school graduates.
Monterey County School Ratings
https://housecashin.com/investing-guides/investing-monterey-county-ca/#school_ratings_31