Pacific Grove, CA Real Estate
According to census data in the year 2000 there were 7,998 housing units in Pacific Grove.
This represents a 1% growth from 7,916 in 1990.
Of those housing units, 7,998 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Pacific Grove is about 49%.
Pacific Grove's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Pacific Grove were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.70% |
| One Bedroom | 19.50% |
| Two Bedrooms | 39.20% |
| Three Bedrooms | 28.10% |
| Four Bedrooms | 7.80% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $417,400 |
| Median Price asked for vacant units | $587,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $838 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 9.30% |
| Simple Mortgage | 48.10% |
| Debt Free | 34.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
