Median real estate price in the City Center of Pacific Grove is $969,250, which is more expensive than 87.1% of the neighborhoods in California and 97.9% of the neighborhoods in the U.S.
The average rental price in Pacific Grove City Center is currently $2,000, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.9% of the neighborhoods in California.
Pacific Grove City Center is an urban neighborhood (based on population density) located in Pacific Grove, California.
Real estate in the City Center of Pacific Grove, CA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Pacific Grove City Center. The current real estate vacancy rate here is 21.2%. This is higher than the rate of vacancies in 86.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.