Monterey, IN Real Estate
According to census data in the year 2000 there were 126 housing units in Monterey.
This represents a 27.3% growth from 99 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 126 were located in what is classified as a rural area.
Homeownership rate in Monterey is about 83.5%.
Monterey's vacancy rate, including seasonal lodging, is about 27.8%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Monterey were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.60% |
| Two Bedrooms | 41.30% |
| Three Bedrooms | 43.70% |
| Four Bedrooms | 5.60% |
| Five Bedrooms or more | 7.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 39.70% |
| Debt Free | 50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.7% |
