USA.com / Virginia / Highland County / Monterey, VA / Housing

Monterey, VA Housing

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As of 2010-2014, median price of a house in Monterey is $100,000, which is much lower than the state average of $243,500 and is much lower than the national average of $175,700. The Monterey median house value has grown by 18.76% since 2000. The growth rate for the price of a house in Monterey is much lower than the state average rate of 94.18% and is lower than the national average rate of 46.91%. The median year that a house in Monterey was built is 1939, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 70 Owner Occupied Houses in Monterey, VA, #466

Monterey, VA	100,000 USD
Virginia	243,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #339

Monterey, VA	18.76%
Virginia	94.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Monterey, VA	Virginia	U.S.
Total Housing Units	128, see rank, 100%	3,403,241	132,741,033
Occupied Housing Units	87, 67.97%, see rank	89.38%	87.55%
Owner Occupied	70, 54.69%, see rank	59.60%	56.34%
Renter Occupied	17, 13.28%, see rank	29.78%	31.21%
Vacant Housing Units	41, 32.03%, see rank	10.62%	12.45%
For Rent	0, 0.00%, see rank	2.10%	2.34%
For Sale Only	0, 0.00%, see rank	1.09%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	1.20%	0.92%
For Seasonal, Recreational, or Occasional Use	35, 27.34%, see rank	2.67%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	6, 4.69%, see rank	3.55%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #563

Monterey, VA	Virginia	U.S.
1939	1980	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Monterey, VA	%	Virginia	U.S.
Owner-Occupied Units	70	100%	2,028,244	74,787,460
With a Mortgage	23	32.86%, see rank	71.14%	65.58%
Without a Mortgage	47	67.14%, see rank	28.86%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Monterey, VA	994 USD
Virginia	1,742 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Monterey, VA	%	Virginia	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	0	0.00%, see rank	1.45%	1.59%
$500 to $699	0	0.00%, see rank	3.72%	5.01%
$700 to $999	12	52.17%, see rank	10.40%	14.32%
$1,000 to $1,499	3	13.04%, see rank	23.15%	27.90%
$1,500 to $1,999	7	30.43%, see rank	21.20%	20.35%
$2,000 to $2,999	0	0.00%, see rank	24.77%	19.52%
$3,000 or More	1	4.35%, see rank	15.06%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Monterey, VA	20.30% of the Total Income
Virginia	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Monterey, VA	%	Virginia	U.S.
10% or Less	4	17.39%, see rank	6.18%	5.86%
10% to 20%	7	30.43%, see rank	32.74%	31.95%
20% to 30%	10	43.48%, see rank	29.30%	27.64%
30% to 40%	0	0.00%, see rank	13.96%	13.74%
40% or More	2	8.70%, see rank	17.46%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Monterey, VA	386 USD
Virginia	429 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Monterey, VA	%	Virginia	U.S.
$199 or Less	0	0.00%, see rank	8.34%	7.76%
$200 to $299	3	6.38%, see rank	17.18%	14.70%
$300 to $499	37	78.72%, see rank	35.90%	34.63%
$500 to $699	5	10.64%, see rank	20.27%	21.16%
$700 or More	2	4.26%, see rank	18.31%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Monterey, VA	21.30% of the Total Income
Virginia	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Monterey, VA	%	Virginia	U.S.
10% or Less	16	34.04%, see rank	46.49%	40.19%
10% to 20%	6	12.77%, see rank	29.97%	31.47%
20% to 30%	6	12.77%, see rank	10.53%	12.24%
30% to 40%	0	0.00%, see rank	4.67%	5.64%
40% or More	19	40.43%, see rank	7.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Monterey, VA	Virginia	U.S.
Total Housing Units	128, 100%	3,403,241	132,741,033
1-unit, Detached	118, 92.19%, see rank	61.97%	61.65%
1-unit, Attached	2, 1.56%, see rank	10.88%	5.82%
2 Units	0, 0.00%, see rank	1.67%	3.75%
3 or 4 Units	0, 0.00%, see rank	2.74%	4.43%
5 to 9 Units	4, 3.13%, see rank	4.64%	4.78%
10 or More Units	0, 0.00%, see rank	12.76%	13.08%
Mobile Home, Boat, RV, Van, etc.	4, 3.13%, see rank	5.34%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Monterey, VA	Virginia	U.S.
Total Housing Units	128, 100%	3,403,241	132,741,033
1 Room	0, 0.00%, see rank	1.33%	1.95%
2 Rooms	8, 6.25%, see rank	1.73%	2.48%
3 Rooms	9, 7.03%, see rank	6.92%	9.13%
4 Rooms	13, 10.16%, see rank	14.48%	16.60%
5 Rooms	4, 3.13%, see rank	17.82%	20.41%
6 Rooms	11, 8.59%, see rank	16.80%	18.06%
7 Rooms	58, 45.31%, see rank	13.06%	12.27%
8 Rooms	8, 6.25%, see rank	10.92%	8.48%
9 Rooms or More	17, 13.28%, see rank	16.94%	10.60%
Median Rooms	6.80, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Monterey, VA	Virginia	U.S.
Total Housing Units	128, 100%	3,403,241	132,741,033
No Bedroom	0, 0.00%, see rank	1.46%	2.17%
1 Bedroom	25, 19.53%, see rank	8.47%	11.16%
2 Bedrooms	16, 12.50%, see rank	23.83%	26.69%
3 Bedrooms	48, 37.50%, see rank	39.65%	39.70%
4 Bedrooms	34, 26.56%, see rank	20.28%	16.05%
5 or More Bedrooms	5, 3.91%, see rank	6.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Monterey, VA	Virginia	U.S.
Total Housing Units	87, 100%	3,041,710	116,211,092
Utility Gas	0, 0.00%, see rank	33.74%	48.85%
Bottled, Tank, or LP Gas	8, 9.20%, see rank	4.51%	4.86%
Electricity	45, 51.72%, see rank	52.28%	36.68%
Fuel Oil, Kerosene, etc.	11, 12.64%, see rank	6.01%	5.86%
Coal or Coke	0, 0.00%, see rank	0.08%	0.12%
Wood	23, 26.44%, see rank	2.76%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.29%	0.47%
No Fuel Used	0, 0.00%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Monterey, VA	Virginia	U.S.
Occupied Units Paying Rent	13, 100%	957,686	39,201,928
$199 or Less	0, 0.00%, see rank	1.61%	1.50%
$200 to $299	0, 0.00%, see rank	2.46%	3.18%
$300 to $499	8, 61.54%, see rank	5.54%	7.37%
$500 to $699	0, 0.00%, see rank	10.39%	16.01%
$700 to $999	3, 23.08%, see rank	22.57%	29.17%
$1,000 to $1,499	2, 15.38%, see rank	30.50%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	15.76%	9.79%
$2,000 or More	0, 0.00%, see rank	11.16%	6.10%
Median	$385, see rank	$1,108	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Monterey, VA	Virginia	U.S.
Occupied Housing Units	87, 100%	3,041,710	116,211,092
No Vehicles Available	19, 21.84%, see rank	6.38%	9.12%
1 Vehicles Available	19, 21.84%, see rank	30.54%	33.80%
2 Vehicles Available	23, 26.44%, see rank	38.24%	37.48%
3 or More Vehicles Available	26, 29.89%, see rank	24.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.