Monterey, Highland County, VA

Median Home Price Price

$263,823 $263.8K

Median Monthly Rent Rent

$1,041 $1K

21.0x

Market Snapshot

Monterey, Highland County, VA is a city market with a median home price of $263,823, a median monthly rent of $1,041, a GRM of 21.0x, and a price-to-rent ratio of 21.1.

More markets to explore

02 McDowell, Highland County, VA
Nearby alternative Higher GRM Premium price Similar rent Rent momentum
High confidence
Price $302K
Rent $1.1K
GRM 23.0x
Explore the data
Region Show
McDowell
$302K $1.1K 23.0x
Blue Grass
$236K $1.1K 19.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Goode, Bedford County, VA
$387K $967 33.0x
Riner, Montgomery County, VA
$324K $766 35.0x
Beaverdam, Hanover County, VA Explore deeper
$393K $1.5K 22.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Staley, Randolph County, NC
$239K $1.0K 19.0x
New London, Huron County, OH
$193K $1.0K 16.0x
Morrison, Warren County, TN
$299K $954 26.0x

Home prices

Monthly rent

GRM = home price / annual rent

Monterey

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Benchmark comparison

Rent in Monterey, VA is 1.3% lower than McDowell, VA.

Compare to McDowell, VA
Monterey, VA
McDowell, VA
Delta
Median rent
$1,041
$1,055
+$14
Median price
$263,823
$302,048
+$38,225
YoY change
+$86
+$77
-$9
Price-to-rent
21.1x
23.9x
+2.8x

Key takeaways

  • Monterey, Highland County, VA has a higher-grm screening profile: At 21.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $86 year over year.
  • Rent in Monterey, VA is 1.3% lower than McDowell, VA.