Living in Monterey, LA
Monterey, LA is a charming small town with a strong sense of community and a peaceful rural lifestyle. Residents enjoy outdoor recreation, quality education, and well-maintained local amenities. With its Southern charm and beautiful surroundings, Monterey is an ideal place for families and retirees alike.
Current Market Conditions in Monterey, LA
The real estate market in Monterey, LA is currently seeing a steady demand for homes, with a balance of buyers and sellers. Although the population is small, there is an interest in the area from those looking to escape urban settings for a quieter lifestyle. Homes tend to attract families and retirees looking for affordable housing options with a friendly community atmosphere.
Recently, there has been an uptick in renovations and new construction, as people seek to modernize older properties while still keeping that Southern charm intact. As the demand stabilizes, it's expected that home prices may begin to slowly rise, offering a good potential for investment.
Home Value Estimator For Monterey, LA
There are currently 443 real estate properties
in Monterey, LA,
with a median automated valuation model (AVM) price
of $118,944.00. 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, LA, 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, LA,
is $155,914.00, with the most expensive house
in Monterey, LA, topping out
at $665,700.00 and the cheapest home
in Monterey, LA,
clocking in at $10,688.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monterey, LA!
Rent Prices
In Monterey, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monterey, LA, is on
a rollercoaster ride. The
average rent price in Monterey, LA,
is $1,178.00. Indeed, when looking to rent in
Monterey, LA, you can expect to pay as little
as $660.00 or as much
as $1,980.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Monterey, LA
-- 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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