Monterey, TN Real Estate
According to census data in the year 2000 there were 1,135 housing units in Monterey.
This represents a 2% growth from 1,113 in 1990.
Of those housing units, 1,037 were located in either urbanized areas or urban clusters, and 98 were located in what is classified as a rural area.
Homeownership rate in Monterey is about 58.8%.
Monterey's vacancy rate, including seasonal lodging, is about 9.8%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Monterey were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 8.40% |
| Two Bedrooms | 38.10% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $65,300 |
| Median Price asked for vacant units | $52,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 0% |
| Simple Mortgage | 36.50% |
| Debt Free | 58.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
