The median value of housing in Monterey, IN is $144,400. This is considerably lower than the national median value of $338,100. However, appreciation of housing in Monterey was higher than the nation-wide average at 9.99%, compared to 8.27%. Despite the lower starting price compared to other areas of the country, Monterey's housing market continues to be robust and attractive for potential investors and homeowners alike.
The median home cost in Monterey is $144,400. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Monterey is up 10.5%.
Average Age of Homes
- The median age of Monterey real estate is 71 years old
The Rental Market in Monterey
- Renters make up 22.8% of the Monterey population
- 0.0% 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.