Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monterey area can be challenging. Home prices in Monterey are now at a median cost of $81,025, lower than the Alabama average of $185,232.
The average cost of rent is $451/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 60.30% of residents own their homes outright in Monterey, 7.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $4,397 per month. Households that rent pay about 10.27% of their income on rent here. Monterey's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Forest Home, AL: higher priced homes
- Awin, AL: less expensive homes
- Pine Apple, AL: less expensive homes
- Manningham, AL: equally priced homes
- Shacklesville, AL: higher priced homes
- Furman, AL: less expensive homes
- Reddock Springs, AL: higher priced homes
- McWilliams, AL: less expensive homes
- Neenah, AL: higher priced homes
- Greenville, AL: higher priced homes
Cities with Similar Populations
- Schofield, SC: less expensive homes
- Medical Springs, OR: higher priced homes
- Mesa, AR: less expensive homes
- Mills Mills, NY: equally priced homes
- Milo, IL: higher priced homes
- Mingo, MO: higher priced homes
- Minot Air Force Base, ND: higher priced homes
- Mitchell, KS: higher priced homes
- Santa Clara, NY: higher priced homes
- Sassers Mill, NC: higher priced homes
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