Real Estate Investing in Monterey, Virginia

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

1 ZIP codes • Population: 1,287 • Highland County

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

🏠 For Homebuyers
CAUTION
Grade D (48/100)

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
2 flags
  • High vacancy: 46.8% of homes vacant — above national norms.
  • Higher unemployment: 9.5% unemployment — tenant risk signal.

What’s happening in Monterey, VA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $285,809
Avg Monthly Rent $819
ZIP Codes 1

Investing in Monterey Real Estate

This is a distressed-leaning corner of Virginia: Monterey has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Monterey is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

Transaction volume in Monterey has thinned in a way that amplifies price discovery risk. On the rental side, investors without local context should treat every number on the page with skepticism.

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.
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Landlord Ground Truth

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

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Avg Home Value
$285,809
Avg Monthly Rent
$819
1% Rule
✗ Below
Landlord Friendly (VA)

ZIP Codes in Monterey, VA

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).

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Frequently Asked Questions About Monterey, VA

What kind of market is Monterey, VA for investors?

Our data puts Monterey, VA at 3.0/5 for investability. Home prices of $286K and rents around $819/mo create a solid backdrop for investor activity.

Do rentals sit vacant long in Monterey, VA?

Rental vacancy in Monterey, VA is elevated. Investors should budget normal turnover but not chronic empty units.

What monthly rent should investors expect in Monterey, VA?

Rental rates in Monterey, VA average $819/mo. Tenant demand and $286K home values make the yield look reasonable by investor standards.

What is the smart move for investors in Monterey, VA?

In Monterey, VA the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $286K prices and $819/mo rents suits that approach.

How do home values compare in Monterey, VA?

In Monterey, VA the median home value sits at $286K. Against the broader VA market, that reads as reasonable for most investors.

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