Affordable
Expensive
Expensive
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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 $200,556, lower than the Jacksonville average of $363,577.
The average cost of rent is $1,128/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. In Monterey, 66.77% of households rent, and 50.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $4,729 per month. Households that rent pay about 23.85% of their income on rent here. Monterey’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Arlington, Jacksonville, FL: equally priced homes
- Lake Lucina, Jacksonville, FL: equally priced homes
- Arlington Manor, Jacksonville, FL: higher priced homes
- Woodland Acres, Jacksonville, FL: equally priced homes
- Alderman Park, Jacksonville, FL: higher priced homes
- University Park-Jacksonville, Jacksonville, FL: higher priced homes
- Arlingwood, Jacksonville, FL: higher priced homes
- Woodmere, Jacksonville, FL: higher priced homes
- Glynlea-Grove Park, Jacksonville, FL: higher priced homes
- Springfield, Jacksonville, FL: higher priced homes
Neighborhoods with Similar Populations
- Homestead Park, Homestead, PA: less expensive homes
- Downtown Juneau, Juneau, AK: higher priced homes
- Downtown Columbus, Columbus, GA: higher priced homes
- Downtown Michigan City, Michigan City, IN: less expensive homes
- Colonial Heights, Canton, OH: less expensive homes
- College Park San Antonio, San Antonio, TX: higher priced homes
- Upper Bal, San Leandro, CA: higher priced homes
- Caballo Hills, Oakland, CA: higher priced homes
- Bryce Canyon North, Oxnard, CA: higher priced homes
- Brookwood, Mobile, AL: less expensive homes
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