Monterey, IN Foreclosures
How much do homes sell for in Monterey, IN?
The average home price is currently $193,958.
In Monterey, IN, how many homes are available?
There are currently 15 active home listings available in Monterey.
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 $1,342,286.
What is currently the cheapest priced home in Monterey, IN?
The cheapest home for sale in Monterey is priced at $11,307.
Living in Monterey, IN
Monterey, Indiana, is a quaint town that offers a peaceful, rural lifestyle with a strong sense of community. Nestled near the picturesque Tippecanoe River, residents can enjoy outdoor activities such as fishing and boating. With local shops and schools nearby, Monterey is ideal for families and those seeking tranquility away from the hustle and bustle of city life.
Current Market Conditions in Monterey, IN
The real estate market in Monterey has remained stable, with a slight increase in home prices due to demand for rural living. Buyers are seeking peaceful, spacious properties that offer a getaway from urban life, which has led to a competitive market for available listings.
Currently, there is a healthy mix of single-family homes and smaller starter homes available in the market, attracting both families and retirees. Investors are also starting to take notice of the potential for rental properties, especially with the growing interest in short-term rentals due to the area's natural attractions.
Home Value Estimator For Monterey, IN
There are currently 713 real estate properties
in Monterey, IN,
with a median automated valuation model (AVM) price
of $152,103.00. 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 $193,958.00, with the most expensive house
in Monterey, IN, topping out
at $1,342,286.00 and the cheapest home
in Monterey, IN,
clocking in at $11,307.00. 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.
Learn more on Foreclosure homes
