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 $138,121, lower than the Tennessee average of $218,916.
The average cost of rent is $676/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 53.06% of residents own their homes outright in Monterey, 27.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $3,649 per month. Households that rent pay about 18.52% of their income on rent here. Monterey's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Sand Springs, TN: higher priced homes
- Crawford, TN: equally priced homes
- Muddy Pond, TN: higher priced homes
- Board Valley, TN: higher priced homes
- Rickman, TN: equally priced homes
- Clarkrange, TN: equally priced homes
- Algood, TN: higher priced homes
- Wilder, TN: equally priced homes
- Yankeetown, TN: higher priced homes
- Cookeville, TN: higher priced homes
Cities with Similar Populations
- Wrightstown, NJ: higher priced homes
- York, ME: higher priced homes
- Kershaw, SC: less expensive homes
- Kewaskum, WI: higher priced homes
- Yoakum, TX: equally priced homes
- Kimberly, ID: higher priced homes
- Kimberly, WI: higher priced homes
- Yerington, NV: higher priced homes
- Kings Grant, NC: higher priced homes
- Kingsland, TX: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood