Home Price Key
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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 $141,800, lower than the Kentucky average of $164,895.
The average cost of rent is $1,036/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 61.74% of residents own their homes outright in Monterey, 7.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $4,480 per month. Households that rent pay about 23.12% of their income on rent here. Monterey's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- New, KY: equally priced homes
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- Orville, KY: less expensive homes
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- Gratz, KY: less expensive homes
- Lockport, KY: less expensive homes
- Owenton, KY: equally priced homes
- Swallowfield, KY: less expensive homes
- Fairbanks, KY: equally priced homes
- Bethlehem, KY: less expensive homes
Cities with Similar Populations
- Locust Bayou, AR: less expensive homes
- Leadpoint, WA: higher priced homes
- Leander, LA: less expensive homes
- Leatherwood, TN: equally priced homes
- Ledyard, NY: higher priced homes
- Leon, MD: higher priced homes
- Linary, TN: higher priced homes
- Linwood, TX: less expensive homes
- Little Rock, MN: less expensive homes
- Lobeco, SC: equally priced homes
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