93923 — Carmel-by-the-Sea, CA Home Values
Typical home value $2,350,469 as of August 2026 · 2nd of 24 in Salinas, CA
Blue: typical home value (Zillow ZHVI) in ZIP code 93923, August 2021 to August 2026. This page shows observed data only; no forecast.
How 93923 compares in the Salinas, CA area
ZIP code 93923 (Carmel-by-the-Sea, CA) has a typical home value of $2,350,469 as of August 2026, ranking 2nd of 24 ZIP codes tracked in the Salinas, CA area, more expensive than about 96% of ZIP codes in the metro. Prices here have moved +6.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +24.5%, from $1,887,889 in August 2021 to $2,350,469 in August 2026. Against observed rent, the typical home here sells for 33.2× the annual rent ($5,899/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Salinas, CA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Salinas.
Population and demographics
ZIP code 93923 has a population of 12,377, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 77.3% White, 9.8% Hispanic or Latino, 6.1% Asian, 5.1% two or more races, 0.8% Native Hawaiian or Pacific Islander, 0.5% Black or African American, and 0.4% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Tularcitos Elementary | 35 Ford Rd., Carmel Valley, CA | 6.3 mi |
| Cachagua Children's Center | 37320 Nason Rd., Carmel Valley, CA | 7.5 mi |
| Carmel Valley High | 27335 Schulte Rd., Carmel, CA | 8.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 93923?
$2,350,469 as of August 2026, the latest month Zillow has published observed data for.
Is 93923 an expensive ZIP code in the Salinas, CA area?
93923 ranks 2nd of 24 ZIP codes in the Salinas, CA area by typical home value, more expensive than about 96% of ZIP codes in the metro.
How much have home values in 93923 changed over the past year?
+6.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 93923?
The typical home price is 33.2× the observed annual rent in this ZIP code ($5,899/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 93923?
12,377, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 93923?
Tularcitos Elementary (6.3 mi), Cachagua Children's Center (7.5 mi), Carmel Valley High (8.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 93923?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Salinas, CA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.