Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.2 yrs |
|---|---|
| Avg HH Size | 2.28 |
| Below Poverty | 16.6% ▲ 66% above avg |
| College Grads | 48.9% ▲ 26% above avg |
| Unemployment | 21.1% ▲ 332% above avg |
| No HS Diploma | 13 (1.5%) |
| HS Graduate | 266 (31.2%) |
| Some College | 111 (13%) |
| Associates | 46 (5.4%) |
| Bachelors | 47 (5.5%) |
| Graduate Degree | 370 (43.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $65,500 ▼ 14% below avg |
|---|---|
| Median Home Value | $209,300 ▼ 25% below avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $863/mo |
| Total Housing Units | 1,050 |
| Vacant Units | 486 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Monterey is a city in Virginia, located in Highland County. The city spans 1 ZIP code and is home to approximately 1,287 residents. It is an older city, with a median age of 57.2 years.
Economically, Monterey is a solidly middle-class community. The median household income of $65,500 is near the national average. Approximately 16.6% of residents live below the poverty line. The unemployment rate is 21.1%, more than double the national average.
The real estate market in Monterey is an affordable housing market. Median home values stand at $209,300, which is below the national average. Renters typically pay around $863 per month. Homeownership is high at 82.8%, typical of suburban and family-oriented communities.
The population of Monterey is well-educated. 48.9% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (92.15%).
Monterey, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24465 | 1,287 | $65,500 | $209,300 | $863 | 21.1% | 48.9% | 82.8% |