Monterey, Indiana.
Typical home $170,107 (+4.5% in a year).
to buy the typical home at today's mortgage rate — +$534 (+149%) since Jan 2020.
- 1 year
- Up $7,367 +5%
- $162,740$170,107 since Sep 2025
- 5 years
- Up $46,630 +38%
- $123,477$170,107 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Monterey$893
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Monterey, IN rose 4.5% over the past year — faster than the nation's +1.2%.
Living in Monterey, Pulaski County, Indiana
Monterey is a town of 182 people in Pulaski County. Half its households earn more than $39,149 a year and half less, against $62,792 across Pulaski County. Unemployment in Pulaski County was 2.7% in August 2026, and the county had 11.3% more jobs in 2025 than the year before. The most people in Pulaski County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Monterey is a very small town in Pulaski County, Indiana, where the population is older than in most places and few adults hold a four-year degree. Household incomes run well below the county's, and homes here are modestly priced. Winters are cold, with a fair amount of snow, and summers are warm.
Work. People who live in Monterey work mostly in schools, hospitals and social care, with manufacturing, shops, and farming also employing many. The commute is short, and unemployment across Pulaski County is low and has barely changed from a year ago. Among the county's largest workplaces are Pulaski Memorial Hospital, Rose Acre Farms and Eastern Pulaski Community Schools.
Things to do. Lake Maxinkuckee, Tippecanoe River State Park and Winamac Fish and Wildlife Area are all a short drive away, offering water and wooded land for walking and time outdoors. Vurpillat's Opera House, a theatre, is also a short drive off. Indiana Beach, an amusement park, is a longer drive.
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- 8%of adults have a degree
- 17 mintypical commute
- 8%work from home
What people in Pulaski County work in
Employed residents by industry, from the Census survey. Pulaski County had 5,996 jobs in 2025, 11.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 16°; warmest in July, with highs near 84° and lows near 63°. About 26 inches of snow and 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Winamac 2SSE weather station, 10 miles away (NOAA).
Largest workplaces in Pulaski County
- BechtelIndustrial building construction, general contractors1,747
- The BraunChassis, automobile, manufacturing1,200
- Rose Acre FarmsChicken egg production207
- Pulaski Memorial HospitalCritical access hospital185FTE
- WastequipHoists, aircraft loading, manufacturing175
- Eastern Pulaski Community Sch Corp SchoolsSchool district145FTE
- West Central School CorpSchool district110FTE
- Parkview HavenHomes for the aged with nursing care82
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 14 workplaces with 20 or more staff, 4,036 people in all across the county; Monterey has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Strong windRelatively moderate
- HailRelatively moderate
- TornadoesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Monterey’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Pulaski County.
Monterey home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Monterey$170,107
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Monterey7
Zip codes with a Monterey address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Monterey — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.