Monterey cap rate
Cap rate
2.3%
Ranks #2,466 of 3,071 U.S. counties, in the top 80%.
- vs. national median3.5%Monterey is lower than the U.S. median
- vs. California median2.7%Monterey is lower than the California median
What cap rate means
Capitalization rate estimates the annual return on a rental property before financing: gross rent divided by purchase price. Higher cap rates mean stronger cash flow relative to price, which investors weigh against appreciation potential and risk. We estimate it from local rents and home values; verify against an actual listing before underwriting a deal.