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These days, finding an affordable place to live in the Pacific Grove area can be challenging. Home prices in Pacific Grove are now at a median cost of $1,327,881, higher than the California average of $812,006.
The average cost of rent is $2,546/mo in Pacific Grove, primarily driven by the current value of real estate in the Pacific Grove area. In Pacific Grove, 49.97% of households rent, and 49.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pacific Grove is $8,887 per month. Households that rent pay about 28.65% of their income on rent here. Pacific Grove’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Del Monte Forest, CA: higher priced homes
- Monterey, CA: less expensive homes
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- Seaside, CA: less expensive homes
- Carmel, CA: higher priced homes
- Carmel Highlands, CA: higher priced homes
- Marina, CA: less expensive homes
- East Garrison, CA: less expensive homes
Cities with Similar Populations
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- Minooka, IL: less expensive homes
- Millersburg, OH: less expensive homes
- Milford, PA: less expensive homes
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