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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 $258,502, higher than the Nebraska average of $252,353.
The average cost of rent is $773/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. In Monterey, 45.94% of households rent, and 65.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $6,820 per month. Households that rent pay about 11.34% of their income on rent here. Monterey’s most expensive areas are in the southeastern 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
- West Point, NE: less expensive homes
- Dodge, NE: less expensive homes
- Snyder, NE: less expensive homes
- Beemer, NE: less expensive homes
- Olean, NE: less expensive homes
- Scribner, NE: less expensive homes
- Howells, NE: less expensive homes
- Uehling, NE: less expensive homes
- Wisner, NE: less expensive homes
- Bancroft, NE: less expensive homes
Cities with Similar Populations
- Jobs Corners, PA: less expensive homes
- Starks, ME: less expensive homes
- Stanhope, PA: equally priced homes
- Stanfield, TN: less expensive homes
- Stamford, VT: higher priced homes
- Stamford, NE: less expensive homes
- Stairville, PA: equally priced homes
- St. Paul, SC: less expensive homes
- St. Paul, IA: equally priced homes
- St. Joseph, WI: equally priced homes
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