Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montevideo area can be challenging. Home prices in Montevideo are now at a median cost of $121,100, lower than the Georgia average of $231,203.
The average cost of rent is $729/mo in Montevideo, primarily driven by the current value of real estate in the Montevideo area. While nearly 43.98% of residents own their homes outright in Montevideo, 38.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montevideo is $2,763 per month. Households that rent pay about 26.38% of their income on rent here. Montevideo's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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Cities with Similar Populations
- Locke, CA: higher priced homes
- Lexsy, GA: less expensive homes
- Lickingville, PA: equally priced homes
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- Lillis, KS: higher priced homes
- Limestone, FL: higher priced homes
- Lincoln Beach, OR: higher priced homes
- Lipps, VA: less expensive homes
- Literberry, IL: higher priced homes
- Litomysl, MN: higher priced homes
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