Housing data for Monterey, TN
Monterey, TN has an estimated 2,768 residents and 1,071 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Putnam County.
41.4% of households rent.
The median gross rent is $715 a month.
Its population shrank measurably since 2015–2019 (−2.5%).
Figures last updated on .
- Residents
- 2,768 (±35)
- Housing units
- 1,071 (±134)
- Households that rent
- 41.4%
- Median gross rent
- $715
- Residents since 2015–2019
- −2.5%
What stands out in Monterey
Homes built before 1980: 62.6% (±11.5 points) in Monterey, higher than in Putnam County (32.1%).
Working from home: 3.3% (±2.6 points) in Monterey, lower than in Putnam County (10.1%).
Median home value: $165,000 (±$19,313) in Monterey, lower than in Putnam County ($282,500).
Homes in buildings of 5 or more units: 6.6% (±4.5 points) in Monterey, lower than in Putnam County (13.0%).
- Age of homes in Monterey
- Commute and cars in Monterey
- Home values in Monterey
- Types of homes in Monterey
Housing in Monterey at a glance
- Median rent: $715 median gross rent a month
- Rent by bedrooms: $791 median gross rent, 2 bedrooms
- Rent burden: 51.1% of renters pay 30% or more of income
- Renters and owners: 41.4% of households rent
- Income and affordability: $45,922 median household income
- Home values: $165,000 median home value
- Homeowner costs: $986 median monthly cost with a mortgage
- Property taxes: $1,266 median real estate taxes a year
- Types of homes: 6.6% of homes are in buildings of 5 or more units
- Bedrooms: 64.1% of homes have 3 or more bedrooms
- Age of homes: 62.6% of homes were built before 1980
- Vacancy rate: 7.7% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 56.7% heat with utility gas
- Commute and cars: 20.8 minutes average trip to work
- Crime reported to police: 356 violent crimes per 100,000 residents
- Growth: −2.5% residents since 2015–2019
- How long people stay: 17.8% moved in since 2020
- Crowding and facilities: 1.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Monterey against Putnam County, its state and the nation
| Monterey | Putnam County | Tennessee | United States | |
|---|---|---|---|---|
| Residents | 2,768 (±35) | 82,558 (exact) | 7,066,383 (exact) | 334,922,499 |
| Housing units | 1,071 (±134) | 36,506 (±107) | 3,143,670 (±903) | 143,775,355 |
| Households that rent | 41.4% (±9.2 points) | 38.8% (±2.0 points) | 33.1% (±0.3 points) | 34.8% |
| Median gross rent | $715 (±$123) | $908 (±$34) | $1,189 (±$7) | $1,413 |
| Median household income | $45,922 (±$5,186) | $58,912 (±$2,790) | $69,595 (±$429) | $80,734 |
| Median home value | $165,000 (±$19,313) | $282,500 (±$10,622) | $286,700 (±$1,492) | $332,700 |
| Median real estate taxes (a year) | $1,266 (±$142) | $1,363 (±$43) | $1,442 (±$8) | $3,119 |
| Built before 1980 | 62.6% (±11.5 points) | 32.1% (±2.5 points) | 40.7% (±0.3 points) | 49.7% |
| Average commute | 20.8 minutes (±3.1) | 21.1 minutes (±0.9) | 25.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 82.7% (±7.3 points) | 87.9% (±1.7 points) | 89.2% (±0.2 points) | 91.0% |
| Median age of residents | 27.0 years (±3.7) | 36.0 years (±0.4) | 38.9 years (±0.1) | 38.9 years |
Monterey covers 3.0 square miles of land, about 914 residents per square mile (Census Bureau Gazetteer).
How Monterey has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,840 (±37) | 2,768 (±35) | −2.5% | Measurable decrease |
| Housing units | 1,020 (±129) | 1,071 (±134) | +5.0% | Not a measurable change |
| Median gross rent | $553 (±$36) | $715 (±$123) | +29.3% | No measurable change after inflation |
| Median home value | $99,000 (±$17,251) | $165,000 (±$19,313) | +66.7% | Up after inflation |
| Median household income | $30,497 (±$4,017) | $45,922 (±$5,186) | +50.6% | Up after inflation |
| Median owner cost with a mortgage | $1,019 (±$301) | $986 (±$146) | −3.2% | No measurable change after inflation |
| Median real estate taxes | $689 (±$121) | $1,266 (±$142) | +83.7% | Up after inflation |
| Households that rent | 63.7% (±7.6 points) | 41.4% (±9.2 points) | −22.3 percentage points | Measurable decrease |
| Rental vacancy rate | 5.1% (±5.8 points) | 7.7% (±7.7 points) | +2.6 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Monterey
In 2025, the Monterey Police Department reported 356 violent and 712 property crimes per 100,000 residents to the FBI.
Across Putnam County, the departments that report recorded 223 violent and 971 property crimes per 100,000 residents that year.
Places near Monterey
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Algood | 11 mi | $817 | $190,300 | 45.0% |
| Pleasant Hill | 12 mi | $1,261 | $175,000 | 23.6% |
| Cookeville | 14 mi | $917 | $305,400 | 58.9% |
| Livingston | 17 mi | $730 | $123,000 | 42.1% |
| Grimsley | 17 mi | — | $150,600 | 10.2% |
| Crossville | 19 mi | $815 | $246,300 | 48.8% |
| Sparta | 19 mi | $731 | $217,000 | 32.5% |
| Dodson Branch | 19 mi | — | $171,700 | 8.6% |
Places in Tennessee most like Monterey
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Sweetwater | $619 | $178,400 | $45,451 | 44.9% |
| Lawrenceburg | $775 | $184,600 | $42,343 | 42.3% |
| McKenzie | $663 | $154,500 | $37,236 | 40.0% |
| Englewood | $763 | $140,000 | $51,094 | 33.5% |
| Henderson | $781 | $147,900 | $45,938 | 41.9% |
| Selmer | $674 | $155,900 | $51,591 | 30.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Tennessee.
HUD Fair Market Rent for Monterey, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $799 | $887 | $1,102 | $1,502 | $1,564 |
HUD income limits for Monterey, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,450 | $30,650 | $49,100 |
| 2 people | $21,640 | $35,000 | $56,100 |
| 3 people | $27,320 | $39,400 | $63,100 |
| 4 people | $33,000 | $43,800 | $70,100 |
| 5 people | $38,680 | $47,350 | $75,700 |
| 6 people | $44,360 | $50,850 | $81,300 |
| 7 people | $50,040 | $54,350 | $86,950 |
| 8 people | $55,720 | $57,850 | $92,550 |
These are the limits HUD sets for its housing programs in the Putnam County, TN, where HUD’s median family income for fiscal year 2026 is $89,500.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Monterey
What is the average rent in Monterey, TN?
The Census Bureau publishes the median rather than the average: the median gross rent in Monterey is $715 (±$123) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Monterey?
The median gross rent for a one-bedroom home in Monterey, TN is $417 (±$32) a month (2020–2024 American Community Survey).
Are renters in Monterey rent-burdened?
51.1% of renting households in Monterey pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Monterey?
Monterey has an estimated 385 (±86) renting households, 41.4% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Monterey?
The median household income in Monterey is $45,922 (±$5,186) a year (2020–2024 American Community Survey).
What is the average home value in Monterey, TN?
The Census Bureau publishes the median: $165,000 (±$19,313) for owner-occupied homes in Monterey (2020–2024 American Community Survey).
Is Monterey growing?
In Monterey, the number of residents went from 2,840 in 2015–2019 to 2,768 in 2020–2024 (−2.5%), a measurable decrease.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Monterey town, Tennessee
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Monterey town, Tennessee
- HUD Fair Market Rents, fiscal year 2027: Putnam County, TN
- HUD Income Limits, fiscal year 2026: Putnam County, TN
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Monterey Police Department (ORI TN0710300)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Monterey town, Tennessee (place:49760, in state:47).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .