Housing market/California/ZIP 93923
ZIP 93923 Carmel, California
Salinas, CA MSA · California. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 93923 · CA — sent to you.
ZIP 93923 · CA
ACS rent vs 2BR SAFMR
ZIP 93923 — Carmel, CA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 93923
- 1-unit detached5,54178.0%
- 1-unit attached6969.8%
- 2–4 units3034.3%
- 5–49 units4266.0%
- 50+ units1041.5%
- Mobile380.5%
2–4 unit share 4.3% · 5–49 unit share 6.0% · combined 2–49 10.3%.
Units by bedrooms
Rent burden
- ACS median gross rent $2,214 (all bedrooms, occupied rentals).
- Median contract rent $2,108.
- Renters paying ≥30% of income 55.3%; ≥50% 36.4%.
- FY2027 2BR SAFMR $2,740 (1.238× ACS median gross rent).
Population
12,377 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -3.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 200 units.
- HUD project-based assisted MF: 1 properties, 20 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 96 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 93923 24.4% of occupied households are renters; vacancy is 22.9%; ACS median gross rent is $2,214; population changed -3.5% between the 2018 and 2023 ACS vintages; the housing stock includes 303 units in 2–4-unit structures and 426 units in 5–49-unit structures; 1 LIHTC projects totaling 200 units; FY2027 2BR SAFMR is $2,740 versus ACS median gross rent of $2,214. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
California research
ZIP 93923 is a Census / HUD profile for Salinas, CA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 93923 — Carmel, CA HUD Section 8 Payment Standards / SAFMR·California ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is California research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 93923?
ZIP 93923 (Salinas, CA MSA) has 12,377 residents, 5,478 households, a renter share of 24.4%, median household income of $122,500, and ACS 2023 median gross rent of $2,214. Vacancy is 22.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 93923?
ACS counts 43 units in 2-unit buildings, 260 in 3–4 unit buildings, 152 in 5–9, 54 in 10–19, and 220 in 20–49. Combined 2–49 unit stock is 729 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 93923?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,740. See the full schedule and 90–110% payment-standard band on the ZIP 93923 — Carmel, CA HUD Section 8 Payment Standards / SAFMR.
Does this California ZIP profile include Georgia listings?
No. ZIP 93923 is Census / HUD research for Salinas, CA MSA. Jeff Crowe CRE does not list California property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.