Monterey, IN housing market
The typical Monterey home is worth about $173,000, up 3.9% in a year, 33% below the Indiana typical home.
Home values, sales, trends and how Monterey compares with the towns next door — updated as new data is published.
Monterey at a glance
Typical home value, 2016–2026
Show as a table
| January | Monterey | Indiana |
|---|---|---|
| 2017 | $86,000 | $135,000 |
| 2018 | $91,000 | $144,000 |
| 2019 | $94,000 | $154,000 |
| 2020 | $100,000 | $164,000 |
| 2021 | $113,000 | $183,000 |
| 2022 | $131,000 | $209,000 |
| 2023 | $140,000 | $227,000 |
| 2024 | $153,000 | $237,000 |
| 2025 | $171,000 | $249,000 |
| 2026 | $166,000 | $256,000 |
| August 2026 | $173,000 | $260,000 |
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Monterey is $960 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $690 · 4 bedrooms $1,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46960; Fulton County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Monterey
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.