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 $150,100, lower than the Iowa average of $182,666.
The average cost of rent is $720/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 49.03% of residents own their homes outright in Monterey, 6.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $7,200 per month. Households that rent pay about 10.00% of their income on rent here. Monterey's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
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- West Grove, IA: less expensive homes
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- Bloomfield, IA: less expensive homes
Cities with Similar Populations
- Shattuc, IL: less expensive homes
- Lillydale, WV: equally priced homes
- Lily Island, TX: less expensive homes
- Linden, ID: higher priced homes
- Lindon, CO: equally priced homes
- Lindsay, MT: equally priced homes
- Lingo, MO: less expensive homes
- Lockertsville, TN: higher priced homes
- Schley, IA: equally priced homes
- Scottsville, SC: less expensive homes
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