Zip 24465 (Monterey, VA) Housing

The housing in 24465 Monterey, VA is significantly higher than the US median house value of $338,100, with its median value at an impressive $248,100. This is seen to be a great investment as it has had a 1-year appreciation rate of 12.12%, compared to the 8.27% US average. It's clear that Monterey provides potential homeowners and investors with a safe and profitable option.

The median home cost in Monterey (zip 24465) is $248,100. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Monterey (zip 24465) is up 14.6%.

Average Age of Homes

- The median age of Monterey (zip 24465) real estate is 47 years old

The Rental Market in Monterey (zip 24465)

- Renters make up 12.6% of the Monterey (zip 24465) population
- 1.2% of houses and apartments in Monterey (zip 24465), 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, Virginia	United States
	1,053.0	139,647,020.0
	54	42
	$248,100	$338,100
	14.6%	16.6%
	44.9%	57.0%
	54.3%	101.1%
	$7.23	$10.98
	$1,227	$2,690
	44.4%	57.4%
	44.4%	11.2%
	11.1%	31.4%
Vacant Housing
	1.2%	1.9%
	0.5%	0.4%
	3.0%	0.7%
	2.9%	0.4%
	29.1%	3.6%
	7.7%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	7.5%	3.9%
	4.1%	4.5%
	32.1%	11.3%
	10.7%	13.0%
	18.4%	20.1%
	17.1%	13.6%
	5.6%	8.3%
	1.7%	9.7%
	1.1%	3.9%
	1.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	10.6%	13.6%
	14.8%	13.2%
	5.7%	14.8%
	10.6%	13.6%
	4.9%	10.0%
	5.3%	4.7%
	37.5%	12.2%

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