Home prices
The cost of the median home in Monterey is $82,500. This is about $15,800 (16%) lower in comparison to other places in this area.It is roughly $135,000 (62%) lower in comparison to the entire country, and in comparison to the city of Chicago is approximately $175,500 (68%) lower.
Rents
The median rent in Monterey is $792 a month. Compared to the surrounding areas this is approximately $135 (20%) higher.It is roughly $270 (25%) lower compared to the country as a whole, and it is approximately $320 (28%) lower compared to the city of Chicago.
Nearby places
Culver
Culver is about 4 miles northeast from Monterey. Real estate prices there are substantially more expensive. The median home price in Culver is $192,300, which works out to $109,800 (57%) higher than Monterey. Rents there are somewhat less expensive. In Culver the median rent is $738 per month, which is $54 (7%) lower than Monterey.
Winamac
Winamac is roughly 8 miles southwest from Monterey. Its real estate prices are similar. The cost of the median home in Winamac is $83,100, which is very similar to Monterey. Rents there are a bit less expensive. In Winamac the median rent is $651 per month, which is $141 (21%) lower than Monterey.
Kewanna
Kewanna is approximately 9 miles south from Monterey. The housing prices there are substantially less expensive. Kewanna's median home price is $50,900, which comes out to $31,600 (62%) lower than Monterey. Rent there is a lot less expensive. Kewanna's median rent is $511 per month, which comes out to $281 (54%) lower than Monterey.
Knox
Knox is roughly 10 miles northwest of Monterey. Real estate prices there are pretty similar. Knox's median home cost is $83,300, which is very similar to Monterey. The rent there is a little less expensive. In Knox the median monthly rent is $626, which is $166 (26%) lower than Monterey.
Argos
Argos is roughly 11 miles northeast from Monterey. Real estate prices there are fairly similar. The median home in Argos costs $81,900, which is very similar to Monterey. Rents there are pretty similar. The median rent in Argos is $760 per month, which works out to $32 (4%) lower than Monterey.
