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Foreclosure Homes in Monterey, TN

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View this home at S Poplar St Monterey TN 38574
Bankruptcy
$26,960 EMV

| 1,728 Sq. Ft.

View this home at High Rock Loop Monterey TN 38574
Bankruptcy
View this home at Pen Hook Rd Monterey TN 38574
Bankruptcy
$158,865 EMV
View this home at Clarkrange Hwy Monterey TN 38574
Bankruptcy
$251,776 EMV

| 2 Bath | 1,708 Sq. Ft.

View this home at Bill Waters Rd Monterey TN 38574
Bankruptcy
$165,325 EMV

| 1,344 Sq. Ft.

View this home at E Railroad Ave Monterey TN 38574
Bankruptcy
$114,410 EMV

| 1,232 Sq. Ft.

View this home at Old Walton Rd Monterey TN 38574
Bankruptcy
$59,547 EMV

| 1 Bath | 936 Sq. Ft.

View this home at Walton Hills Rd Monterey TN 38574
Bankruptcy
$46,564 EMV

| 1.5 Bath | 1,620 Sq. Ft.

View this home at Greek Dr Monterey TN 38574
Bankruptcy
$207,782 EMV

| 1 Bath | 1,134 Sq. Ft.

View this home at Winding Trails Rd Monterey TN 38574
Bankruptcy
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Monterey, TN Foreclosures

How much do homes sell for in Monterey, TN?
The average home price is currently $219,698.
In Monterey, TN, how many homes are available?
There are currently 3,870 active home listings available in Monterey.
What’s the average rental cost in Monterey, TN?
The average rental price in Monterey is $930.
What is the most expensive home in Monterey, Tennessee?
The most expensive home sold in Monterey had a price of $3,536,400.
What is currently the cheapest priced home in Monterey, TN?
The cheapest home for sale in Monterey is priced at $5,756.

Home Value Estimator For Monterey, TN

There are currently 3,870 real estate properties in Monterey, TN, with a median automated valuation model (AVM) price of $166,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monterey, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Monterey, TN, is $219,698.00, with the most expensive house in Monterey, TN, topping out at $3,536,400.00 and the cheapest home in Monterey, TN, clocking in at $5,756.00. In other words, there’s something for every potential homebuyer or savvy investor in Monterey, TN!


Rent Prices In Monterey, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monterey, TN, is on a rollercoaster ride. The average rent price in Monterey, TN, is $930.00. Indeed, when looking to rent in Monterey, TN, you can expect to pay as little as $380.00 or as much as $2,300.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Monterey, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Monterey, TN In 2024

Monterey is located in Putnam, Tennessee, with an estimated municipal population of 2,898 residents. All of the best foreclosed homes for sale in Monterey are located in the following zip code areas on Foreclosure.com: 38574. The estimated population per square kilometer (.62 miles) in Monterey is 369.


Cost Of Living In Monterey, TN

So, about how much do homes cost in Monterey? The most recent median value of resident-owned homes in Monterey is 100,366. An estimated 36.3 percent of households in Monterey own their homes, with an average family size of 3.8. The median household income in Monterey is 30,497, with7.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Monterey, the median commute time of resident workers (in minutes) is 29.1. And last, but certainly not least, are you looking for homes to rent in Monterey? If so, the average rent price paid by renters in Monterey is 553, according to recent statistics.


Diversity And Demographics In Monterey, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Monterey, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Monterey is 31.1, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Monterey is 43, with an average family size of 3.8.

The percentage of residents who report their race in Monterey is as follows:

White 85.9%
Black / African American 0.5%
Asian 1%
American Indian / Alaskan Native 1.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.1%
Other 10.5%

Looking for family-friendly neighborhoods in and/or near Monterey? Or maybe you are searching for 55+ active adult communities in and/or near Monterey?

The percentage of residents who report their age in Monterey is as follows:

Under 10 15.1%
Aged 10-19 20.2%
20s 12.9%
30s 15.7%
40s 9.8%
50s 8.8%
60s 9.2%
70s 4.9%
80+ 3.5%

Best Schools In Monterey, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Monterey with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Monterey.


Pros And Cons Of Living In Monterey, Tennessee

How do you know that living in -- or moving to -- Monterey is right where you need to be? Perhaps you grew up in Monterey or already live nearby; therefore, the decision to buy a home in Monterey is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Monterey for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Monterey:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Monterey.


Reasons To Move To Monterey, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Monterey can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Monterey, meanwhile, can field multiple offers from more qualified buyers.

Monterey, TN Foreclosures


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