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Rental Insights for ZIP Code 93953 (Pebble Beach, CA)

Housing Rentals in ZIP Code 93953 (Pebble Beach, CA)

93953 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 93953

The 93953 ZIP Code is primarily located in Pebble Beach, CA in Monterey County. The estimated median housing rent in this California region is $2,914 per month. About 17.9% of housing units in this Monterey County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 93953 of $2,914 per month is 94% higher than the aggregate California median monthly rent of $1,503, and is 174% higher than the $1,062 the median monthly rent in the U.S. overall. About 43.7% of renters in ZIP Code 93953 pay $3,000 or more per month for housing. That is 552% higher than in California overall, in which 6.7% of total state residents pay $3,000 or more per month for housing. Just 3.3% of renters in ZIP Code 93953 pay between $2,000 and $2,499 per month for housing.

ZIP Code 93953 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 93953

See the chart below for a comparison of monthly rental costs in ZIP Code 93953, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 93953 along with those in the state of California and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 93953

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 93953 California U.S.
Less than $500 0.0% 4.9% 9.4%
$500 to $999 0.0% 16.5% 36.2%
$1,000 to $1,499 5.0% 28.6% 30.0%
$1,500 to $1,999 11.3% 23.2% 14.0%
$2,000 to $2,499 3.3% 13.4% 5.6%
$2,500 to $2,999 36.8% 6.9% 2.4%
$3,000 or more 43.7% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 93953

Renters in ZIP Code 93953 use an estimated 24.24% of their income to cover their monthly rent payments. That is about 22% lower than in California overall. The estimate for California overall is 31.23% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 93953 renters use about 19% less of their income to cover rent expense. Household income figures for ZIP Code 93953 come in higher than in California as a whole. The median annual household income in ZIP Code 93953 of $145,938 sits approximately 94% higher than the overall California median income of $75,235 and approximately 132% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 93953

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 93953, California, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 93953 along with the same calculations in the state of California and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 93953

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 93953 California U.S.
Less than 15.0 percent 36.8% 10.3% 13.1%
15.0 to 19.9 percent 5.3% 11.2% 12.9%
20.0 to 24.9 percent 11.3% 12.2% 12.9%
25.0 to 29.9 percent 11.3% 11.5% 11.6%
30.0 to 34.9 percent 10.6% 9.6% 9.1%
35.0 percent or more 24.8% 45.2% 40.5%

Household Income in ZIP Code 93953

See the table below for the regional comparison of annual household income in ZIP Code 93953.

Income ZIP 93953 California U.S.
Less than $10,000 3.5% 4.8% 6.0%
$10,000 to $14,999 0.7% 4.1% 4.3%
$15,000 to $24,999 2.0% 7.5% 8.9%
$25,000 to $34,999 2.1% 7.5% 8.9%
$35,000 to $49,999 6.1% 10.5% 12.3%
$50,000 to $74,999 12.2% 15.5% 17.2%
$75,000 to $99,999 8.8% 12.4% 12.7%
$100,000 to $149,999 16.1% 16.6% 15.1%
$150,000 to $199,999 16.2% 8.9% 6.8%
$200,000 or more 32.3% 12.2% 7.7%

Household Income in ZIP Code 93953

See the chart below for a comparison of annual household income figures in ZIP Code 93953, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 93953 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 93953

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 93953.

ZIP 93953 California U.S.
Median Housing Rent $2,914 $1,503 $1,062
Renter-Occupied Housing Units 17.9% 45.2% 36.0%
Rental Vacancy Rate 0.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.83 2.88 2.49
Average # of Bedrooms Per Unit 3.21 2.63 2.75
Percent of Income Spent on Rent 24.24% 31.23% 29.83%
Per Capita Income $83,088 $36,955 $34,103
Median Household Income $191,341 $106,916 $88,607
Living Below the Poverty Line 1.3% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 93953

In ZIP Code 93953 (Pebble Beach, CA), and estimated 17.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 93953 is estimated at $83,088, which goes along with an estimated median household income of $191,341. About 1.3% of residents in this Monterey County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.83 occupants, while the units have an aggregate average size of 3.21 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.24% of their income on housing rental costs.

Rental FAQs for ZIP Code 93953

1

What is the median monthly rent in ZIP Code 93953?

Median rent for housing in ZIP Code 93953 in Monterey County in California is approximately $2,914 per month.
2

Is it expensive to rent in ZIP Code 93953?

Rent in ZIP Code 93953 is higher than average in the state of California overall. The median monthly rent of $2,914 in ZIP Code 93953 is approximately 94% higher than the California median of $1,503. Additionally, median rent in this Pebble Beach, CA region ($2,914) is about 174% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 93953?

High-priced rentals are more common in ZIP Code 93953 than in California overall. The percentage of rentals in ZIP Code 93953 that cost $3,000 or more per month (43.7%) is about 552% higher than the California rate of 6.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 1721% lower than the aforementioned 93953 rate of 43.7%.
4

Are affordable rentals common in ZIP Code 93953?

Affordable rentals are less common in ZIP Code 93953 than in California overall. The percentage of housing rentals in ZIP Code 93953 costing $999 or less per month (0%) is approximately 100% lower than the California rate of 21.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 100% higher than the previously mentioned 93953 rate of 0%.
5

What is the most common cost range that rentals fall into in ZIP Code 93953?

The most common range for rental cost in ZIP Code 93953 is $3,000 or more per month. About 43.7% of renters in 93953 pay in this range for monthly rent. In comparison, approximately 6.7% of renters in the state of California fall in the $3,000 or more range, and 2.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 93953 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 93953 is lower than the rental vacancy rate in the state of California overall. Rental vacancy of 0.0% in ZIP Code 93953 is about 100% lower than the California rate of 3.6%. Looking more broadly, rental vacancy in this Pebble Beach, CA region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 93953? How does it compare to other California regions?

Median household income in ZIP Code 93953 is higher than in the state of California overall. Annual household income of $145,938 in ZIP Code 93953 is about 94% higher than the California median of $75,235. Additionally, median household income in this Pebble Beach, CA region ($145,938) is approximately 132% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 93953 spend on housing costs?

Renters in ZIP Code 93953 spend a lower amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 93953 spend an estimated 24.24% of their income on rent payments, which is about 22% lower than the overall California estimated rate of 31.23%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 19% higher than the ZIP Code 93953 estimated rate of 24.24%.
9

Do renters in ZIP Code 93953 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 93953 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 93953 spending 30 percent or more of their income on rent costs (35.4%) is approximately 35% lower than the California rate of 54.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 29% higher than the aforementioned 93953 rate of 35.4%.
10

What is the average household size of renter-occupied units in ZIP Code 93953?

The average household size of renter-occupied units in ZIP Code 93953 is lower than in the state of California overall. Annual household size of 2.83 in ZIP Code 93953 is about 2% lower than the California median of 2.88. Additionally, median household size in this Pebble Beach, CA region (2.83) is approximately 14% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other California ZIP Codes