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 $156,063, lower than the Virginia average of $323,261.
The average cost of rent is $628/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. While nearly 51.92% of residents own their homes outright in Monterey, 21.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $4,542 per month. Households that rent pay about 13.83% of their income on rent here. Monterey's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Vanderpool, VA: higher priced homes
- Hightown, VA: higher priced homes
- New Hampden, VA: higher priced homes
- Doe Hill, VA: equally priced homes
- Mc Dowell, VA: equally priced homes
- Blue Grass, VA: equally priced homes
- Harper, WV: equally priced homes
- Arbovale, WV: less expensive homes
- Boyer, WV: less expensive homes
- Moatstown, WV: equally priced homes
Cities with Similar Populations
- Sycamore, PA: higher priced homes
- Garden City, TX: higher priced homes
- Georgetown, NY: less expensive homes
- Given, WV: less expensive homes
- Gladstone, ND: higher priced homes
- Glen Raven, NC: less expensive homes
- Gorham, KS: less expensive homes
- Graham, AL: less expensive homes
- Gum Flat, TN: equally priced homes
- Hamden, NY: higher priced homes
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