Section Image

Monterey

Monterey

Located in Putnam County

$222,836 Average Value
$173 Average Price per Sq Ft
11 Homes For Sale

Outdoor recreation and quiet living define Monterey

With a name that means King of the Mountains and a town motto of "where the hilltops kiss the sky," it's no surprise that natural recreation is one of the biggest perks of life in Monterey. "The outdoor amenities in the area are a big draw. We're surrounded by nine state parks within an hour, and we have an active outdoor lifestyle," says Chena Morris, a Realtor with The Real Estate Collective, who has six years of experience. "There's a lot of hiking and lakes nearby." This Middle Tennessee community is affectionately known as Putnam County's mountain town, offering a quiet and scenic lifestyle right along Interstate 40.

Mountain views and natural areas surround the community

From mountainous natural areas to small city parks, outdoor activity surrounds Monterey. Whitaker Park on Commercial Avenue has a playground, picnic shelters and an amphitheater. Across the street, the city pool, tennis courts and basketball courts offer plenty of room to exercise or play a pick-up game. Bee Rock is an overlook just outside town with sweeping views of the nearby Cumberland Mountains. According to legend, Native Americans gathered honey underneath the cliffs, leading to the location's name. Meadow Creek Park is a 300-acre natural area with a lake for kayaking and fishing. Other popular activities include mountain biking, hiking and rock climbing. State parks within 60 miles of Monterey include Standing Stone, Cumberland Mountain and Fall Creek Falls.

Spacious lots and rural properties offer room to spread out

Several housing styles are available in Monterey, from century-old bungalows to 21st-century Craftsman and New Traditional homes. Ranch-style houses are also common. Buyers won't feel crowded even in the heart of town; homes often sit on spacious lots with towering trees scattered around the yards. Properties in the more rural areas have even more room, sometimes on lots of 2 acres or more. Despite the larger lots, prices in Monterey are lower than in nearby communities. "The pricing and affordability are a draw," Morris says. "It's a little more affordable than Cookeville. Cookeville's median home price is around $400,000, and Monterey's is a bit under that." The median price for a single-family home in Monterey is around $320,000.

Locally owned businesses in town with more options nearby

Commercial Avenue has several hometown restaurants, like Los Agaves. This casual Mexican spot is known for its fajitas and margaritas. Laurel Mountain Bakery on Holly Street sells various baked goods, including sourdough breads and pies. The community also has several chain restaurants, including Burger King, Domino's and Dairy Queen. Groceries are available at Save A Lot, and stores like Family Dollar and Dollar General offer other household items. Cookeville is a quick drive west on I-40 for more shopping and dining. "The proximity to Cookeville is what makes it so great. Cookeville is the largest micropolitan area in Tennessee. It's got really great shopping, dining and a live music scene," Morris says.

High school students can explore agriculture, IT and health sciences

Burks Elementary School serves prekindergarten through sixth grade and receives a B from Niche. Monterey High School serves seventh through 12th grade and has a B rating. High school students can study career pathways like agriculture, architecture, information technology and health sciences. The school also offers a JROTC program.

Historic sites and annual events reflect community pride

The Monterey Farmers Market takes place every Saturday from May through October, bringing locally grown produce and other foods downtown. Other community events include the Fire on the Mountain Independence Day Celebration, featuring fireworks, food vendors and live music. The annual Monterey Christmas Parade has been held in early December for nearly 70 years. Residents can also learn about and celebrate local heritage at the Monterey Depot Museum, which details the area's history, from Native Americans to coal-mining settlers. The Standing Stone Monument is the remnant of a 16-foot-tall rock that once stood in the region, marking the boundary between the Cherokee and Shawnee territories.

Highway access makes commuting easy from Monterey

Interstate 40 is the main highway through Monterey, providing a 15-mile drive to Cookeville or a 22-mile route east to Crossville. State routes 62 and 84 also pass through the area, connecting to places like Clarkrange and Livingston. The closest hospital is Cookeville Regional Medical Center, about 16 miles away.

Matthew Atkins
Written By
Matthew Atkins

Interested in learning more about homes in this area? Reach out to Brandon Hawkins, an experienced agent in this area.

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Monterey Housing Trends

Housing Trends

Median List Price
$312,500
Median Sale Price
$278,500
Median Single Family Sale Price
$280,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
30
Median Home Sale Price YoY Change
21%
Average Price Per Sq Ft
$173

Area Facts

Number of Homes in Neighborhood
934
Number of Homes for Sale
11
Median Year Built
1970
Months of Supply
4.40
Average Single Family Home Size Sq Ft
1,991
On par with the national average
1,925
Median Lot Size Sq Ft
29,620

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Monterey Has More Owners

Demographics

Total Population
2,898
Median Age
40
Population under 18
27.1%
On par with the national average
23.8%
Population over 65
21.1%
On par with the national average
19.1%

Finances

Median Household Income
$43,465
Significantly below the national average
$71,702
Average Household Income
$61,207

Education and Workforce

High School Graduates
79.1%
College Graduates
8.4%
Significantly below the national average
34.1%
Advanced Degrees
1.7%
Below the national average
13.3%
% Population in Labor Force
57.5%

Weather

Annual Precipitation
63''
Average Winter Low Temperature
25°F
Average Summer High Temperature
82°F
Annual Snowfall
7''

Area Factors

Somewhat Bikeable

Bike Score®®

32 / 100

Car-Dependent

Walk Score®®

40 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Monterey