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Monterey, TN
Full City Profile · Tennessee · Putnam County County
2.7
/5.0
C+
Fair
2,751
Population
908/sq mi density
$42,402
Median Income
$18,507 per capita
$130,600
Home Value
$281,635 Zillow
$688
Median Rent
30.8% income on rent
56°F
Avg Temperature
298 sunny days/yr
312
Violent Crime/100K
1,766 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$42,402 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$130,600 home value, $688/mo rent
F
Safety
1.0 / 5.0
312 violent crimes/100K
D
Education
1.7 / 5.0
8.2% bachelor's degree or higher
Housing Overview
Median Home Value
$130,600
54% below
US avg: $281,900
Median Rent
$688/mo
41% below
US avg: $1,163/mo
Homeownership Rate
60.1%
8% below US avg (65.4%)
Total Housing Units
1,029
Median year built: 1976
Home Value by Source
Census Median
$130,600
Zillow (ZHVI)
$281,635
Median Sale Price
$290,000
Median List Price
$189,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.1%
Owner-Occupied
39.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$688/mo
Market Indicators (Redfin)
Median Days on Market
47 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
29.4%
of listings with price reduction
Price Per Sq Ft
$150
Active Inventory
17
homes for sale
Affordability & Housing Stock
Rent Burden
30.8%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
60.1%
Complete Housing Data
Home Values
| Census Median Value | $130,600 |
| Zillow Home Value (ZHVI) | $281,635 |
| Median Sale Price | $290,000 |
| Median List Price | $189,000 |
| Price Per Sq Ft | $150 |
Rent
| Census Median Rent | $688 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
| Days on Market | 47 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 29.4% |
| Homes Sold | 1 |
| Active Inventory | 17 |
| Price Per Sq Ft | $150 |
Ownership & Stock
| Owner-Occupied | 60.1% |
| Renter-Occupied | 39.9% |
| Homeownership Rate | 60.1% |
| Total Housing Units | 1,029 |
| Median Year Built | 1976 |
| Rent Burden | 30.8% |