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.


Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom8.40%
Two Bedrooms38.10%
Three Bedrooms42.50%
Four Bedrooms8.90%
Five Bedrooms or more0.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1970
Median Value of occupied units$65,300
Median Price asked for vacant units$52,500

Rented Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1976
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan0%
Simple Mortgage36.50%
Debt Free58.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%