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 $108,800, lower than the New York average of $481,023.
The average cost of rent is $764/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 55.24% of residents own their homes outright in Monterey, 18.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $3,972 per month. Households that rent pay about 19.24% of their income on rent here. Monterey's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- South Bradford, NY: less expensive homes
- Meads Creek, NY: equally priced homes
- Beaver Dams, NY: higher priced homes
- Hornby, NY: higher priced homes
- Bradford, NY: higher priced homes
- Townsend, NY: higher priced homes
- Sonora, NY: higher priced homes
- Chambers, NY: higher priced homes
- Tyrone, NY: equally priced homes
- Post Creek, NY: equally priced homes
Cities with Similar Populations
- Shellman Bluff, GA: higher priced homes
- Liggett, KY: less expensive homes
- Lily Grove, TN: higher priced homes
- Limestreet, NY: higher priced homes
- Lincoln Estates, IL: higher priced homes
- Lindrith, NM: higher priced homes
- Little River, NC: higher priced homes
- Little Utica, NY: higher priced homes
- Louisville, MO: higher priced homes
- Seeber Flats, TN: less expensive homes
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