What percentage of people rent in Monterey, TN?
41.4% (±9.2 points) of the occupied homes in Monterey, TN are rented (2020–2024 American Community Survey).
That is 385 renting households against 546 that own their home.
In Monterey, the share of households that rent went from 63.7% in 2015–2019 to 41.4% in 2020–2024 (−22.3 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 41.4% (±9.2 points)
- Renting households
- 385 (±86)
- Median renter income
- $40,438 (±$16,519)
Who rents and who owns in Monterey
| Monterey | Putnam County | Tennessee | United States | |
|---|---|---|---|---|
| Renter-occupied share | 41.4% (±9.2 points) | 38.8% (±2.0 points) | 33.1% (±0.3 points) | 34.8% |
| Renting households | 385 (±86) | 13,039 (±702) | 933,708 (±7,883) | 45,017,354 |
| Owning households | 546 (±124) | 20,562 (±673) | 1,890,569 (±10,295) | 84,210,142 |
| Average renter household size | 3.3 (±0.7) | 2.2 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.3) | 2.5 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $40,438 (±$16,519) | $36,647 (±$3,003) | $46,745 (±$535) | $52,966 |
| Median owner household income | $50,909 (±$14,245) | $81,646 (±$4,040) | $85,153 (±$545) | $100,009 |
In Monterey, the renter share is not measurably different from Putnam County (38.8%).
It is not measurably different from Tennessee (33.1%).
It is not measurably different from the national figure (34.8%).
In Putnam County, Monterey ranks 3 of 4 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 105 of 405.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Monterey has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 63.7% (±7.6 points) | 41.4% (±9.2 points) | −22.3 percentage points | Measurable decrease |
| Median gross rent | $553 (±$36) | $715 (±$123) | +29.3% | No measurable change after inflation |
| Median household income | $30,497 (±$4,017) | $45,922 (±$5,186) | +50.6% | Up after inflation |
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.
Households that rent in places near Monterey
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Monterey | — | 41.4% (±9.2 points) | — |
| Algood | 11 mi | 45.0% (±9.4 points) | Not measurably different |
| Pleasant Hill | 12 mi | 23.6% (±10.3 points) | Lower |
| Cookeville | 14 mi | 58.9% (±3.0 points) | Higher |
| Livingston | 17 mi | 42.1% (±9.0 points) | Not measurably different |
| Grimsley | 17 mi | 10.2% (±8.8 points) | Lower |
| Crossville | 19 mi | 48.8% (±5.0 points) | Not measurably different |
| Sparta | 19 mi | 32.5% (±10.0 points) | Not measurably different |
| Dodson Branch | 19 mi | 8.6% (±9.5 points) | Lower |
Nearby places with a measurably lower figure: Pleasant Hill, TN (23.6%), Grimsley, TN (10.2%), Dodson Branch, TN (8.6%).
Nearby places with a measurably higher figure: Cookeville, TN (58.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Putnam County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Cookeville | 58.9% (±3.0 points) |
| 2 | Algood | 45.0% (±9.4 points) |
| 3 | Monterey | 41.4% (±9.2 points) |
| 4 | Baxter | 32.8% (±9.5 points) |
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
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).
Is renting growing in Monterey?
In Monterey, the share of households that rent went from 63.7% in 2015–2019 to 41.4% in 2020–2024 (−22.3 percentage points), a measurable decrease.
How big are renting households in Monterey?
A renting household in Monterey has 3.3 people on average, against 2.6 in an owned home.
How much do renters earn in Monterey?
The median renting household in Monterey, TN has an income of $40,438 (±$16,519) a year, against $50,909 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Monterey town, Tennessee
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Monterey town, Tennessee
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Monterey town, Tennessee
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Monterey town, Tennessee
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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 .
Related
- Housing in Monterey at a glance
- Median rent in Monterey
- Rent by bedrooms in Monterey
- Rent burden in Monterey
- Income and affordability in Monterey
- Home values in Monterey
- Homeowner costs in Monterey
- Property taxes in Monterey
- Types of homes in Monterey
- Bedrooms in Monterey
- Age of homes in Monterey
- Heating fuel in Monterey
- Commute and cars in Monterey
- Crime reported to police in Monterey
- Population growth in Monterey
- How long people stay in Monterey
- Tennessee landlord and tenant rules
- Housing across Putnam County
- Tennessee places ranked by share of renters
- Housing data for every place in Tennessee