Housing in Monterey, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow โ January 2026Zillow Home Value Index
$151,761
Monterey vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Monterey is highlighted.
Median Home Value
16th%ilemost expensive$89,300show rank
Median Rent
6th%ilemost expensive rent$579show rank
Rent Burden
52nd%ilehighest rent burden18.8%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$89,300
Median Rent
$579
Total Housing Units
150
Vacancy Rate
6.7%
Owner Occupied
43.6%
Renter Occupied
56.4%
Median Property Tax
$550
per year
Monthly Cost (w/ Mortgage)
$810
Housing Types
Single Family52.7%
Multi-Family0.0%
Mobile Home47.3%
The median home value in Monterey, IN is $89,300. According to Zillow, the home value index for Monterey is $151,761. The median rent is $579 per month (Census ACS). About 43.6% of housing units are owner-occupied. The median year homes were built is 1975. There are 150 total housing units.