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 $94,000, lower than the Illinois average of $242,002.
The average cost of rent is $531/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 48.53% of residents own their homes outright in Monterey, 17.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $4,000 per month. Households that rent pay about 13.28% of their income on rent here. Monterey's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Banner, IL: equally priced homes
- Dunfermline, IL: equally priced homes
- Rawalts, IL: higher priced homes
- St. David, IL: equally priced homes
- Canton, IL: higher priced homes
- Breeds, IL: higher priced homes
- Maples Mill, IL: equally priced homes
- Brereton, IL: higher priced homes
- Liverpool, IL: equally priced homes
- Bryant, IL: higher priced homes
Cities with Similar Populations
- Sagwon, AK: equally priced homes
- Mellwood, AR: less expensive homes
- Melrose, MT: higher priced homes
- Menauhant, MA: higher priced homes
- Menfro, MO: higher priced homes
- Mentone, TX: higher priced homes
- Mermet, IL: higher priced homes
- Micola, MO: higher priced homes
- Middlebourne, OH: higher priced homes
- Millerton, LA: less expensive homes
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