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Affordable
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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 $417,300, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,926/mo in Monterey, primarily driven by the current value of real estate in the Monterey area. In Monterey, 17.53% of households rent, and 50.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monterey is $10,615 per month. Households that rent pay about 18.14% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Old Ashippun, WI: equally priced homes
- Lac La Belle, WI: equally priced homes
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- Ashippun, WI: less expensive homes
- Oconomowoc, WI: equally priced homes
- Ixonia, WI: less expensive homes
- Oconomowoc Lake, WI: higher priced homes
- Okauchee, WI: less expensive homes
- Okauchee Lake, WI: equally priced homes
- Summit Corners, WI: higher priced homes
Cities with Similar Populations
- Sawyer City, PA: less expensive homes
- Mineral Springs, FL: less expensive homes
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- Mount Airy, VA: less expensive homes
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- New, KY: less expensive homes
- Rugby, IL: less expensive homes
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