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Salinas real estate market overview
- Average Monthly Rent: $2,106
- Home Price/Value Percentage Change: -1.50%
- Median Home Value: $672,609
- Best Time To Sell a Home: November
- Affordability Index: Low
- Days To Sell a House: 47
- Job Market: Weak
- Public School Ranking: 40
Location and weather
Salinas is just outside the southern portion of the Greater Bay Area in Monterey County, California. Just 10 miles southeast of the Salinas River, this city has a rich agricultural history and is referred to as "The Salad Bowl of the World." Nobel Prize-winning author John Steinbeck was born in Salinas, and the city is referred to in his best-selling book East of Eden. The National Steinbeck Center and The Steinbeck House are two historical attractions that feature this author.
Salinas summers are short, dry, and mostly clear, while the winters are short, cold and partly cloudy. The summer temperatures are in the 70's, with lows in the low 50's. Winter temperatures are in the 60's, with lows in the 40's.
Population, job market and cost of living
Salinas population in 2023 is 167,472, with a growth rate of 0.79%.
The job growth has decreased by -8.06% over the last year and in ten years, is predicted to have increased by 23.28%.The major industries are in agriculture, forestry, fishing, hunting, healthcare, social assistance and retail trade. The largest employers are Taylor Farms, Fresh Express, Salinas Union High School District, Tanimura & Antle and Salinas Valley Memorial Healthcare System.
The cost of living is high, due to the Salinas real estate market and cost of available housing. With a mild climate, rich agricultural history and job base, and thriving arts and literary culture, Salinas will continue to attract those that want to work and live in this agricultural community.
Salinas real estate market details
- Southside
- Fairview Park
- Creekbridge
- Santa Rita
- Lake Monterey Park
The average monthly rent in Salinas is $2,106 for an average apartment size of 799 sq. feet.
There has been a -1.5% decrease in median home value over the last year. As of 2023, the median home value is $672,609.
On average, homes in Salinas sell after 47 days on the market.
The best time to sell a home for the highest valued sale is during November. For the quickest sale, homeowners should sell in September.
The affordability index in Salinas is 141. This number indicates low affordability in this city.
The top ranked public schools are Buena Vista Middle School, Oasis Charter Public, Monterey County Special Education, Alisal Community and Alisal High School. This information is based on data measuring academic performance and equity.