Monterey, MA—01245
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monterey, MA
As of Oct '25, the median home price in Monterey, MA is $709,000, with a year-over-year change of 2.9%. This indicates that home prices in Monterey, MA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $709,000 | 2.9% |
| Single Family | $717,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $524,000 | -0.4% |
3 Bed | $713,000 | 1.9% |
4 Bed | $925,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monterey, MA
Monterey, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monterey, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monterey, MA is 39. This is a decrease of -51.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $769,000 | -26.0% |
Listing Count | 13 | -15.0% |
| Listings as % of Homes | 0.6% | -15.0% |
Days on Market | 39 | -51.0% |
Demographics — Monterey, MA
As of the latest ACS Survey released in 2023, Monterey, MA has a population of 828, which has increased by 2.3% over the past 5 years. Monterey, MA is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 55.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 828 | 2.3% |
% Under 18 | 15.1% | 52.5% |
% Seniors | 46.5% | 26.7% |
% WFH | 11.5% | -35.0% |
% w/ College Degree | 55.7% | 1.6% |
As of the latest ACS Survey released in 2023, Monterey, MA is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Monterey, MA is hispanic, making up 9.8% of the population. Foreign-born residents account for 4.8% of the population in Monterey, MA, and this percentage has increased by 380.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | -8.5% |
% Black | 1.1% | 120.0% |
% Hispanic | 9.8% | 1,300.0% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 4.8% | 380.0% |
Mortgage and Risk — Monterey, MA
According to HUD data as of 2023, there were 35 mortgage originations in Monterey, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Monterey, MA. Investor activity is low, as 9.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 35 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 9.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Monterey, MA
Monterey, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | N/A | N/A | $1,650 |
| 3 Bedroom | N/A | N/A | $2,000 |
| 4 Bedroom | N/A | N/A | $2,770 |
Affordability — Monterey, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $709,000 |
| Median Household Income | $114,000 |