Housing in Monterey, VA is a great investment for those looking to purchase property. The median value of housing in the area is $234,000 which is significantly lower than the US median value of $338,100. In the past year, the appreciation rate has been 12.12%, higher than the US average of 8.27%. This makes it an attractive option for those looking to buy a home and make a long-term investment. With its relatively low cost and high appreciation rate, Monterey may be a great place to consider when shopping for a new home or investment property.
The median home cost in Monterey is $234,000. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Monterey is up 14.6%.
Average Age of Homes
- The median age of Monterey real estate is 72 years old
The Rental Market in Monterey
- Renters make up 13.3% of the Monterey population
- 3.4% of houses and apartments in Monterey, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.