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Cheap Homes in Monterey, IN

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Monterey, IN Foreclosures

How much do homes sell for in Monterey, IN?
The average home price is currently $189,531.
What’s the average rental cost in Monterey, IN?
The average rental price in Monterey is $951.
What is the most expensive home in Monterey?
The most expensive home sold in Monterey had a price of $1,340,178.
What is currently the cheapest priced home in Monterey, IN?
The cheapest home for sale in Monterey is priced at $11,120.

Living in Monterey, IN

Monterey, Indiana is a serene town that provides a perfect blend of rural living and community charm. With its outdoor recreation opportunities and a welcoming atmosphere, it is an ideal location for families and individuals seeking tranquility. The area is supported by good schools and convenient local amenities, making it a desirable place to call home.

Current Market Conditions in Monterey, IN

The real estate market in Monterey is currently stable, with a steady flow of property transactions. Many homes here are situated on spacious lots and are accessible to nature enthusiasts, which is a significant draw for buyers.

Recent trends indicate an increase in demand for affordable housing, as many new families and retirees are attracted to the peaceful lifestyle Monterey offers. Homes typically retain their value due to the scenic surroundings and strong community ties.

Home Value Estimator For Monterey, IN

There are currently 645 real estate properties in Monterey, IN, with a median automated valuation model (AVM) price of $151,100.00. 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 $189,531.00, with the most expensive house in Monterey, IN, topping out at $1,340,178.00 and the cheapest home in Monterey, IN, clocking in at $11,120.00. 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 $951.00. 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 $940.00. 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.

Cheap Homes in Monterey, IN

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