Monterey, MA 01245 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monterey, MA—01245

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$687,000

2.0% YoY Growth

Household Income

$114,000

51.3% YoY Growth

Days on Market

121

17.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Monterey, MA

As of Dec '25, the median home price in Monterey, MA is $687,000, with a year-over-year change of 2.0%. 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	$687,000	2.0%
Single Family	$696,000	1.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

2 Bedrooms

26.7%

4 Bedrooms

73.3%

Property Listings — Monterey, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Monterey, MA is 92. This is a decrease of -37.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$694,000	-34.0%
Listing Count	7	-14.0%
Listings as % of Homes	0.6%	-14.0%
Days on Market	121	-17.0%

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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%

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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%

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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%

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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

Monterey, MA—01245

Key Metrics at a Glance

Home Price Trends — Monterey, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monterey, MA

% of Rental Stock

Property Listings — Monterey, MA

Demographics — Monterey, MA

Race and Ethnicity

Mortgage and Risk — Monterey, MA

Mortgages

Rentals and Section 8 — Monterey, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monterey, MA

Home Price to Income Ratio

Monterey, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Tyringham

Mill River

Otis, MA

Lee, MA

Southfield, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.8
Median Home Price	$687,000
Median Household Income	$114,000

Monterey, MA—01245

Key Metrics at a Glance

Home Price Trends — Monterey, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monterey, MA

% of Rental Stock

Property Listings — Monterey, MA

Demographics — Monterey, MA

Race and Ethnicity

Mortgage and Risk — Monterey, MA

Mortgages

Rentals and Section 8 — Monterey, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monterey, MA

Home Price to Income Ratio

Monterey, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Tyringham

Mill River

Otis, MA

Lee, MA

Southfield, MA

Frequently Asked Questions

What is the average home price in Monterey, MA 01245?

How have home prices in Monterey, MA 01245 changed over the past year?

What is the home price projection for Monterey, MA 01245?

What are the demographics of Monterey, MA 01245?

How long does it take homes to sell in Monterey, MA 01245?

What is the average rent price in Monterey, MA 01245?