The housing market in Monterey, TN is quite impressive. According to the data, the median value of a house in Monterey is $233,100 which is much lower than the US median value of $338,100. What's more remarkable is that in the last year alone, house appreciation in Monterey has been 19.24%, while the US had an appreciation rate of 8.27%. This shows that Monterey is seeing significant growth when it comes to housing prices and represents a great investment opportunity for those looking to buy a home in this area.
The median home cost in Monterey is $233,100. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Monterey is up 25.2%.
Average Age of Homes
- The median age of Monterey real estate is 45 years old
The Rental Market in Monterey
- Renters make up 45.8% of the Monterey population
- 2.7% 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.