Why Live in Monterey
Monterey, located in northeast Roanoke, is a middle-class neighborhood surrounded by greenery, including two golf courses and the Read Mountain Preserve. The area features ranch-style homes, split-levels from the ‘70s and ‘80s, and Colonial Revivals from the ‘90s and 2000s, with prices ranging from $200,000 to the low $300,000s. The neighborhood lacks parks but offers recreational opportunities at Ole Monterey Golf Club and Blue Hills Golf Club, with the latter hosting competitive tournaments. For outdoor activities, residents can drive 8 miles to Read Mountain Preserve, which has five miles of trails leading to a 2,350-foot peak. Local amenities include George’s Market, known for its craft beer selection, and a few businesses 2 miles away on Plantation Road, including Food Lion and Walmart Neighborhood Market. More extensive shopping and dining options are available 5 miles away at Valley View Mall and 4 miles away in Downtown Roanoke. The neighborhood is served by Roanoke City Public Schools, with most students attending Monterey Elementary School, Lucy Addison Middle School, and William Fleming High School. Public transportation is accessible via a bus stop at Old Mountain Road and Hollins Road, connecting residents to Roanoke-Blacksburg Regional Airport and downtown. Monterey is safer than the national average, making it a practical choice for families and individuals seeking a community-oriented environment.
Frequently Asked Questions
Is Monterey a good place to live?
Monterey is a good place to live. Monterey is considered very car-dependent and somewhat bikeable with minimal transit options. Monterey has 1 park for recreational activities. It is sparse in population with 2.0 people per acre and a median age of 41. The average household income is $82,528 which is below the national average. College graduates make up 32.1% of residents. A majority of residents in Monterey are home owners, with 21.2% of residents renting and 78.8% of residents owning their home. A
local real estate agent serving Monterey can help you decide if this neighborhood is the right one for you. Learn more on our
Monterey neighborhood guide.
Is Monterey, VA a safe neighborhood?
Monterey, VA is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Monterey?
The median home price in Monterey is $596,672. If you put a 20% down payment of $119,300 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $132K a year to afford the median home price in Monterey. The average household income in Monterey is $83K.
What are the best public schools in Monterey?
The best public schools that serve Monterey are:
What are the best private schools in Monterey?
The best private schools that serve Monterey are:
What are the most popular zip codes in Monterey, Roanoke, VA?
What are the most popular neighborhoods near Monterey, Roanoke, VA?
Are home prices dropping in Monterey?
Yes, home prices in Monterey are down 68% in the last 12 months.
Home Trends in Monterey, VA
On average, homes in Monterey, Roanoke sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Monterey, Roanoke over the last 12 months is $565,000, down 68% from the median home sale price over the previous 12 months.
Median Sale Price
$565,000
Median Single Family Sale Price
$596,672
Average Price Per Sq Ft
$232
Number of Homes for Sale
1
Last 12 months Home Sales
2
Median List Price
$596,672
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-68%