Monterey, IN Foreclosures
How much do homes sell for in Monterey, IN?
The average home price is currently $195,909.
In Monterey, IN, how many homes are available?
There are currently 2 active home listings available in Monterey.
What’s the average rental cost in Monterey, IN?
The average rental price in Monterey is $955.
What is the most expensive home in Monterey?
The most expensive home sold in Monterey had a price of $1,349,369.
What is currently the cheapest priced home in Monterey, IN?
The cheapest home for sale in Monterey is priced at $11,171.
Living in Monterey, IN
Monterey, Indiana is a charming small town known for its friendly community and tranquil lifestyle. Surrounded by scenic views and recreational areas, this town offers a unique rural charm with convenient access to larger neighboring cities. Perfect for families and retirees alike, Monterey boasts a supportive atmosphere and local amenities that cater to a relaxed way of life.
Current Market Conditions in Monterey, IN
The current real estate market in Monterey, IN shows steady growth as more people are seeking the tranquility of rural living. The average home prices have risen moderately, and homes are selling at a reasonable pace. As urban areas become more congested, buyers are increasingly looking to smaller towns like Monterey, leading to a moderate increase in buyer interest and home values.
There has been a notable trend toward more families and retirees moving to Monterey, drawn by the town's amenities, safety, and sense of community. This demographic shift is creating a competitive market for homes, especially those that are well-maintained or recently renovated.
Home Value Estimator For Monterey, IN
There are currently 601 real estate properties
in Monterey, IN,
with a median automated valuation model (AVM) price
of $157,916.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monterey, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Monterey, IN,
is $195,909.00, with the most expensive house
in Monterey, IN, topping out
at $1,349,369.00 and the cheapest home
in Monterey, IN,
clocking in at $11,171.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monterey, IN!
Rent Prices
In Monterey, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monterey, IN, is on
a rollercoaster ride. The
average rent price in Monterey, IN,
is $955.00. Indeed, when looking to rent in
Monterey, IN, you can expect to pay as little
as $470.00 or as much
as $1,900.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Monterey, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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