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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 $150,865, lower than the Louisiana average of $235,139.
The average cost of rent is $1,099/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. In Monterey, 19.69% of households rent, and 69.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $7,655 per month. Households that rent pay about 14.36% of their income on rent here. Monterey’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Parhams, LA: higher priced homes
- Lismore, LA: less expensive homes
- Serena, LA: higher priced homes
- Mayna, LA: equally priced homes
- New Era, LA: equally priced homes
- Morville, LA: less expensive homes
- Rhinehart, LA: less expensive homes
- Book, LA: less expensive homes
- St. Genevieve, LA: less expensive homes
- Larto, LA: higher priced homes
Cities with Similar Populations
- Assumption, IL: less expensive homes
- Athens, WV: less expensive homes
- Atlantic Beach, NC: higher priced homes
- Aurora, TX: higher priced homes
- Bantam, CT: higher priced homes
- Pulaski, MI: higher priced homes
- Pedro Valley, CA: higher priced homes
- Pendleton Center, NY: higher priced homes
- Penn Run, PA: higher priced homes
- Perdido, AL: higher priced homes
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