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Marina
Market Report

Around The Area

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You know what they say: Shift Happens

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At Home in Marina

Marina, California, a city that sits along the Pacific coastline, is a hidden gem that offers a unique blend of natural beauty, cultural richness, and economic potential. Located north of Monterey and Carmel, this small coastal city is an attractive destination for those seeking a relaxed vibe, beautiful scenery, and a plethora of outdoor activities.

Marina, California, boasts a unique history dating back to its incorporation in 1975. It is the newest city in the Monterey area and has grown significantly over the years. The city includes a part of the California State University, Monterey Bay campus, the UC Santa Cruz UC MBEST center, and the Veterans Transition Center (VTC). Named one of the 100 Best Communities for Young People by America’s Promise Alliance, Marina is a sought-after destination for people of all ages.

Demographics

As of the 2020 census, the population of Marina was 22,3592, a significant increase from 19,718 in 2010. The city stretches over 8.91 square miles3 and has a population density of 2,510.0/sq mi2. The average age in Marina is younger than many communities, reflecting the energetic and vibrant nature of the city.

Cost of Living

Living in Marina comes with its own set of financial considerations. The cost of living is higher than the U.S. average but is comparable to many other Californian cities. A family of 2 adults and 2 children would need to earn $114,198 per year to live comfortably in Marina. The city has a sales tax rate of 9.25%.

Housing

Marina offers a range of housing options, from quaint bungalows to modern apartments. The median home price in Marina is $800,000, while the average apartment rent in the Marina and Monterey area is $2,323. Whether you’re looking to buy or rent, Marina’s real estate market has something for everyone.

Weather & Climate

Marina enjoys a mild climate year-round, with temperatures ranging from 44°F to 70°F. The warm days are even more comfortable due to the lack of humidity. Residents can enjoy outdoor activities throughout the year, including swimming or surfing in the ocean.

Education

Marina offers a strong education system, with public schools serving students from preschool through grade 12. The city is also home to the Monterey Peninsula Unified School District and several charter schools. The Marina Branch of the Monterey County Free Libraries provides additional educational resources for students and residents.

Employment Opportunities

Marina offers a diverse job market with opportunities in various sectors. The largest industries include accommodation and food services, health care, and social assistance. The city also offers high-paying jobs in utilities, public administration, and professional services.

Things to Do

Marina is a haven for outdoor enthusiasts, with a range of activities available. From the breathtaking Marina State Beach to the historical Fort Ord Dunes State Park, there’s always an adventure waiting. Other attractions include the Monterey Bay Aquarium and the Monterey Mirror Maze.

Shopping & Dining

Marina offers plenty of shopping and dining options to meet everyone’s tastes. From the Marina Village Shopping Center to the variety of eateries available, there’s something for everyone. Whether you’re in the mood for a quick lunch at a diner or a luxurious dinner at a seafood restaurant, Marina has got you covered.

Getting Around

Marina is conveniently located on California State Route 1, making it easily accessible from Monterey and Santa Cruz. The city also houses the Marina Municipal Airport, a general aviation airport that provides easy access for air travelers.

The Beauty of Living in Marina

Marina offers access to beautiful beaches and parks, a comfortable year-round climate, and highly-rated public schools. However, the cost of living can be a bit on the higher side.

Living in Marina, California, offers a unique blend of natural beauty, economic opportunities, and a vibrant community life. Whether you’re a young professional, a growing family, or a retiree, Marina has something to offer everyone. If you’re considering a move to this coastal gem, be sure to engage a professional real estate advisor to guide you through the process.