Del Monte Forest, CA—93953
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Del Monte Forest, CA
As of Oct '25, the median home price in Del Monte Forest, CA is $2,671,000, with a year-over-year change of -0.9%. This indicates that home prices in Del Monte Forest, CA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,671,000 | -0.9% |
| Single Family | $2,755,000 | -0.4% |
| Condos | $1,134,000 | 0.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,393,000 | -2.3% |
3 Bed | $2,318,000 | -1.3% |
4 Bed | $3,506,000 | 0.1% |
| 5 Bed | $8,134,000 | 0.4% |
% of Housing Stock
Rental Trends — Del Monte Forest, CA
As of July '25, Rentcast reports the average rent in Del Monte Forest, CA is $5,260, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Del Monte Forest, CA is studios: $2,950, 1-bedrooms: $2,950, 2-bedrooms: $4,490, 3-bedrooms: $6,410, 4-bedrooms: $5,700. The most common rental property sizes in Del Monte Forest, CA are 3-bedroom and 4-bedroom, accounting for 79.0% and 16.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,000 | $5,260 |
| Studio Rent | $2,950 | $2,950 |
| 1 Bed Rent | $2,950 | $2,950 |
| 2 Bed Rent | $4,000 | $4,490 |
| 3 Bed Rent | $5,750 | $6,410 |
| 4 Bed Rent | $5,700 | $5,700 |
% of Rental Stock
Property Listings — Del Monte Forest, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Del Monte Forest, CA is 75. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,570,000 | 3.0% |
Listing Count | 60 | 16.0% |
| Listings as % of Homes | 0.7% | 16.0% |
Days on Market | 75 | 11.0% |
Demographics — Del Monte Forest, CA
As of the latest ACS Survey released in 2023, Del Monte Forest, CA has a population of 3,580, which has decreased by -13.1% over the past 5 years. Del Monte Forest, CA is a less popular place for families, as children make up 10.4% of the population. The area has a highly educated workforce, with 70.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,580 | -13.1% |
% Under 18 | 10.4% | -10.3% |
% Seniors | 43.3% | 5.6% |
% WFH | 28.5% | 383.1% |
% w/ College Degree | 70.5% | 10.5% |
As of the latest ACS Survey released in 2023, Del Monte Forest, CA is a predominantly white area, with 84.3% of the population identifying as white. The white population has grown by 11.8% in the last 5 years. The second most common race or ethnicity in Del Monte Forest, CA is asian, making up 8.6% of the population. Foreign-born residents account for 11.2% of the population in Del Monte Forest, CA, and this percentage has decreased by 46.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | 11.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.6% | -55.0% |
% Asian | 8.6% | -39.4% |
% Foreign Born | 11.2% | -46.4% |
Mortgage and Risk — Del Monte Forest, CA
According to HUD data as of 2023, there were 66 mortgage originations in Del Monte Forest, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Del Monte Forest, CA. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 33.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Del Monte Forest, CA
As of 2024, the percent of homes in Del Monte Forest, CA under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Del Monte Forest, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $2,950 | $3,200 |
| 2 Bedroom | -$110 | $4,000 | $3,890 |
| 3 Bedroom | -$350 | $5,750 | $5,400 |
| 4 Bedroom | $240 | $5,700 | $5,940 |
Affordability — Del Monte Forest, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 16 |
| Median Home Price | $2,671,000 |
| Median Household Income | $155,000 |