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Monterey, VA
Full City Profile · Virginia · Highland County County
3.8
/5.0
B+
Good
200
Population
625/sq mi density
$58,656
Median Income
$45,886 per capita
$143,800
Home Value
$265,642 Zillow
$1,006
Median Rent
40.3% income on rent
49°F
Avg Temperature
293 sunny days/yr
127
Violent Crime/100K
2,392 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$58,656 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$143,800 home value, $1,006/mo rent
F
Safety
1.0 / 5.0
127 violent crimes/100K
A+
Education
5.0 / 5.0
75.3% bachelor's degree or higher
Housing Overview
Median Home Value
$143,800
49% below
US avg: $281,900
Median Rent
$1,006/mo
13% below
US avg: $1,163/mo
Homeownership Rate
69.1%
6% above US avg (65.4%)
Total Housing Units
163
Median year built: 1938
Home Value by Source
Census Median
$143,800
Zillow (ZHVI)
$265,642
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.1%
Owner-Occupied
30.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$1,006/mo
Affordability & Housing Stock
Rent Burden
40.3%
of renters spending 30%+ of income on housing
30% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
69.1%
Complete Housing Data
Home Values
| Census Median Value | $143,800 |
| Zillow Home Value (ZHVI) | $265,642 |
Rent
| Census Median Rent | $1,006 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
Ownership & Stock
| Owner-Occupied | 69.1% |
| Renter-Occupied | 30.9% |
| Homeownership Rate | 69.1% |
| Total Housing Units | 163 |
| Median Year Built | 1938 |
| Rent Burden | 40.3% |