Monterey, VA population, income and ZIP codes

Monterey town is a very small community in Virginia, with 200 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #581 of 688 ranked by population — larger than 15% of them. The median age here is 67.8 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Monterey town earn a median of $58,656 a year, 25.3% below the national figure of $78,538 and 29% below the $82,986 median for the 383 Virginia cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 6% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Monterey town is valued at $143,800, 52.6% below the national figure and 51% below the $291,300 peer median, while median gross rent runs $1,006 a month, 28.4% below the national figure, or roughly $12,072 across a full year. A household on the local median income would put about 20.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 2.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 69.1% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

A median age of 67.8 puts Monterey town well into retirement-weighted territory, which pulls median household income down even where household wealth is high, because retirement draws are counted differently from wages. With 200 residents, a handful of survey responses moves every median on this page. Compare Monterey town against its county rather than against national figures.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.