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Monterey town, TN

ZIP 38574 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38574

Median Home Value
$175,900
Median Rent
$527
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,130/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38574 in Monterey town, TN, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,130. That is roughly in line with the local median household income ($52,043). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.1%+26% vs US avg
x
Vacancy Rate
13.1%+27% vs US avg
x
Broadband Access
85.0%-2% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
17.8%-64% vs US avg
x
Mortgage-Free
57.5%+50% vs US avg
x
$175,900
Home Value
$527
Rent
1990
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.1%
  • 1-unit attached0.4%
  • 2-9 units4.3%
  • 10+ units0.6%
  • Mobile home & other15.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$175,900
Median rent$527
Owner-occupied82.1%
Vacant13.1%
Price-to-income3.4x
Est. income to buy$48,000