Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the South Monterey area can be challenging. Home prices in South Monterey are now at a median cost of $174,710, lower than the Michigan average of $196,062.
The average cost of rent is $1,032/mo in South Monterey, primarily driven by the current value of real estate in the South Monterey area. While nearly 43.25% of residents own their homes outright in South Monterey, 15.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Monterey is $6,031 per month. Households that rent pay about 17.10% of their income on rent here. South Monterey's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Millgrove, MI: less expensive homes
- Allegan, MI: less expensive homes
- Dunningville, MI: higher priced homes
- Hopkins, MI: equally priced homes
- Diamond Springs, MI: higher priced homes
- Merson, MI: less expensive homes
- Hopkinsburg, MI: higher priced homes
- Watson, MI: equally priced homes
- Hamilton, MI: higher priced homes
- Dorr, MI: higher priced homes
Cities with Similar Populations
- Ray, ND: higher priced homes
- Olean, MO: higher priced homes
- Packwood, WA: higher priced homes
- Paint, PA: less expensive homes
- Patoka, IL: less expensive homes
- Pavillion, WY: higher priced homes
- Pecan Grove, MS: less expensive homes
- Pechin, PA: less expensive homes
- Pine Grove, WV: less expensive homes
- Portage, OH: equally priced homes
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