Is Pacific Grove, CA a good place to invest in rental property?

Pacific Grove, CA has a median modeled monthly cash flow of $-6,493 and a median cap rate of 1.1%, on a median sold price of $1,300,000. Prices changed -1.7% year over year.

What is the average cap rate in Pacific Grove, CA?

The median cap rate across recently sold homes in Pacific Grove, CA is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Pacific Grove, CA?

The median sold price in Pacific Grove, CA is $1,300,000 (about $1,026 per square foot).

Investing in Pacific Grove, CA Real Estate

A data-driven snapshot of the Pacific Grove, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,300,000Median sold price

$1,026Median $/sqft

1.1%Median cap rate

$-6,493Modeled cash flow / mo

-1.7%Appreciation YoY

5.7Months of supply

78Active listings

165Sold (last 12 mo)

What the Pacific Grove numbers say

In Pacific Grove, CA, the median home sold for $1,300,000 (about $1,026 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-6,493 of monthly cash flow. Sold prices moved -1.7% over the past year. Inventory sits at about 5.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Pacific Grove cash-flowing listings

CashFlowRE ranks every for-sale home in Pacific Grove, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Pacific Grove deals, or browse the national market data.