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 $188,571, lower than the Pennsylvania average of $222,630.
The average cost of rent is $868/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 41.63% of residents own their homes outright in Monterey, 25.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $5,788 per month. Households that rent pay about 15.00% of their income on rent here. Monterey's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Reading, PA: less expensive homes
- Mount Penn, PA: less expensive homes
- Pennside, PA: less expensive homes
- West Reading, PA: less expensive homes
- St. Lawrence, PA: less expensive homes
- Ridgewood, PA: equally priced homes
- Kenhorst, PA: less expensive homes
- Laureldale, PA: less expensive homes
- Wyomissing, PA: higher priced homes
- Shillington, PA: less expensive homes
Cities with Similar Populations
- Glenada, OR: higher priced homes
- Stonewall, VA: less expensive homes
- Hannibal, TX: higher priced homes
- Graysville, PA: less expensive homes
- Grand Tower, IL: less expensive homes
- Goodwin, SD: equally priced homes
- Goodfield, TN: less expensive homes
- Good Hope, IL: less expensive homes
- Gnaw Bone, IN: higher priced homes
- Stottville, NY: equally priced homes
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