ZIP 93923 — Carmel-by-the-Sea, CA: rental yield & market data
Gross rental yield of 3.0% — ranked #754 of 963 California ZIP codes. June 2026 data.
Gross rental yield
3.0%
Home value
$2,387,718
Market rent / mo
$5,963
Price-to-rent
33.4
Trend
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +3.7% | +27.4% |
| Market rent | — | — |
Metro: Salinas, CA · County: Monterey County · Annual rent: $71,556
Comparable ZIP codes in California
Similar home values, sorted by yield — the cheapest way to see if 93923 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 94904 | Kentfield | CA | $2,303,242 | $5,344 | 2.78% | 35.9 | +4.1% |
| 93109 | Santa Barbara | CA | $2,393,744 | $4,838 | 2.43% | 41.2 | +4.4% |
| 94070 | San Carlos | CA | $2,446,853 | $4,944 | 2.42% | 41.2 | +5.0% |
| 94123 | San Francisco | CA | $2,421,080 | $4,858 | 2.41% | 41.5 | +13.7% |
| 92037 | San Diego | CA | $2,374,310 | $4,191 | 2.12% | 47.2 | +4.8% |
| 92603 | Irvine | CA | $2,377,703 | $3,878 | 1.96% | 51.1 | +4.5% |
| 90212 | Beverly Hills | CA | $2,422,314 | $3,643 | 1.80% | 55.4 | +5.0% |
| 94002 | Belmont | CA | $2,298,414 | $3,320 | 1.73% | 57.7 | +3.6% |
Top rental yields in all of California →
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