Real Estate Investing in Monterey, Tennessee

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 8,812 • Putnam County

☆ Watch this market Free account

Should you buy in Monterey, TN? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (46/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 13.9% of homes vacant — above national norms.

What’s happening in Monterey, TN?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $297,481
Avg Monthly Rent $837
ZIP Codes 1

Investing in Monterey Real Estate

Monterey in Tennessee is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

The investment case for Monterey is difficult to make on screen data alone. a challenging fit for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

The $837/mo / $297K relationship in Monterey looks thin once vacancy and capex are incorporated into underwriting. seems to the realized yield tends to disappoint.

A an established population with $N/AK household income profile is what makes Monterey a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Best ZIP codes in Cookeville, TN

Monterey is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Monterey, TN. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Monterey, TN?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$297,481
Avg Monthly Rent
$837
1% Rule
✗ Below
Landlord Friendly (TN)

📉 Market Crash Risk Index

Based on Cookeville, TN metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
3/3
76%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Cookeville, TN metro
0
Days to pending
10.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Monterey, TN

Screen every ZIP in Monterey

Filter Monterey’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

View Plans

Frequently Asked Questions About Monterey, TN

Does Monterey, TN make sense for an investment property?

The 3.0/5 investability rating in Monterey, TN reflects its $297K prices and $837/mo rents. Investors generally consider it a solid option within TN.

Is Monterey, TN a friendly market for rental owners?

Monterey, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

What do rentals go for in Monterey, TN?

Rental rates in Monterey, TN average $837/mo. Tenant demand and $297K home values make the yield look reasonable by investor standards.

Can I house hack in Monterey, TN?

Monterey, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $837/mo rent level.

Are there empty rentals in Monterey, TN?

Vacancy in Monterey, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Monterey, TN.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.