Housing in Monterey, VA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$263,564
Monterey vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Monterey is highlighted.
Median Home Value
39th%ilemost expensive$143,800show rank
Median Rent
55th%ilemost expensive rent$1,006show rank
Rent Burden
64th%ilehighest rent burden20.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$143,800
Median Rent
$1,006
Total Housing Units
171
Vacancy Rate
18.7%
Owner Occupied
69.1%
Renter Occupied
30.9%
Median Property Tax
N/A
per year
Monthly Cost (w/ Mortgage)
$1,325
Housing Types
Single Family74.8%
Multi-Family25.1%
Mobile Home0.0%
The median home value in Monterey, VA is $143,800. According to Zillow, the home value index for Monterey is $263,564. The median rent is $1,006 per month (Census ACS). About 69.1% of housing units are owner-occupied. The median year homes were built is 1938. There are 171 total housing units.