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 $87,882, lower than the Indiana average of $175,617.
The average cost of rent is $623/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 52.22% of residents own their homes outright in Monterey, 22.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $4,057 per month. Households that rent pay about 15.35% 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
- Ora, IN: higher priced homes
- Lawton, IN: higher priced homes
- Oak Grove, IN: higher priced homes
- Winona, IN: less expensive homes
- Culver, IN: higher priced homes
- Delong, IN: higher priced homes
- Bass Lake, IN: higher priced homes
- Lake Bruce, IN: higher priced homes
- Vanmeter Park, IN: higher priced homes
- Maxinkuckee, IN: higher priced homes
Cities with Similar Populations
- South Bloomingville, OH: higher priced homes
- Hot Springs, NC: higher priced homes
- Ireton, IA: higher priced homes
- Jane, MO: higher priced homes
- Jersey City, WI: higher priced homes
- Kanawha, IA: less expensive homes
- Sipsey, AL: equally priced homes
- Sleepy Creek, WV: higher priced homes
- Smith Lake, NM: less expensive homes
- Hillsdale, WY: higher priced homes
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