93953 Zip Code First-Time Homebuyer Report for January

93953 is a smaller-than-average zip code in California with 4,509 residents. Its population is also growing slower than others at a 10-year growth rate of -14.5%. Keep in mind, most people in the 93953 zip code own their homes, with a 57.8% ownership ratio.

Culture

If you're looking to explore the nightlife of 93953 then check out Sticks at Spanish Bay, Foursquare's most popular place to get a drink. If you're looking to get a cup of coffee, a favorite is Community Hospital Of The Monterey Peninsula (CHOMP). You could also check out the popular Safeway, Trader Joe's, and Lucky to do some shopping.

Price Range

Some of the more expensive homes in California are in the 93953 zip code with a median home value of $884,600 and an average list price for available homes currently at $3,699,452. The 93953 zip code market slowed with a 10.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 9.9 monthly average with nine homes sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 93953 zip code:

$2.2M   $1.1M   $2.2M  

Typical Dwelling

A three-bedroom detached home valued around $1,907,548 is considered a typical dwelling in the 93953 zip code. If a buyer was looking for a similar home, they would need good credit and a $381,510 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $10,140 and the property tax rate is $6.03 per $1,000 of taxable assessed value.

Get started right now by checking out 93953 homes for sale or reviewing 93953 real estate trends.


Data reported through 1/12/2017

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Coldwell Banker Residential Brokerage
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