Zip 01245 (Monterey, MA) Housing

The housing market in 01245 Monterey, MA is thriving. According to the information provided, the median value of a house in 01245 Monterey is $651,300 - significantly higher than the US median value of $338,100. Moreover, the house appreciation rate in this area has been 16.87%, which is over twice the national house appreciation rate of 8.27% for the past year. This suggests that home values are on an upward trend and that buyers should consider investing in this area to benefit from future capital gains.

The median home cost in Monterey (zip 01245) is $651,300. Home appreciation the last 10 years has been 59.1%. Home Appreciation in Monterey (zip 01245) is up 14.6%.

Average Age of Homes

- The median age of Monterey (zip 01245) real estate is 43 years old

The Rental Market in Monterey (zip 01245)

- Renters make up 8.0% of the Monterey (zip 01245) population
- 0.0% of houses and apartments in Monterey (zip 01245), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monterey, Massachusetts	United States
	803.0	139,647,020.0
	46	42
	$651,300	$338,100
	14.6%	16.6%
	55.0%	57.0%
	59.1%	101.1%
	$14.92	$10.98
	$2,730	$2,690
	42.2%	57.4%
	55.8%	11.2%
	2.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	53.4%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	3.8%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	1.2%	13.0%
	3.8%	20.1%
	18.3%	13.6%
	39.2%	8.3%
	13.0%	9.7%
	5.9%	3.9%
	4.7%	2.2%
	0.0%	0.8%
	10.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.7%	13.6%
	16.7%	13.6%
	7.8%	13.6%
	15.9%	13.2%
	12.3%	14.8%
	7.8%	13.6%
	4.7%	10.0%
	3.4%	4.7%
	30.4%	12.2%

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