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24465

Monterey, VA

Total Population

1,274

Median Household Income

$59,500

Median Home Value

$185,500

Median Rent

$879

Quick Facts & Insights

Key metrics and how they compare

Household Income

$59,500

100.1% above state median

Home Value

$185,500

100.3% above state median

Rent

$879

100% above state median

Median Age

62.4 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).

Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

Location Map

Monterey, VA 24465

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor Monterey, VA

Median household income is 100% below state average, suggesting more affordable cost of living.

35.4% of adults hold bachelor's degrees or higher, comparable to national average.

Mature population with median age of 62.4 years, likely more established households.

Unemployment rate of 23.4% is above national average, indicating economic challenges.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income

$59,500

-20.8% vs US

vs State Median

+-100.1%

State: $-59,265,508

Income Distribution

30.8%

Under $50k

18.5%

Over $100k

Lower Income

Middle Income

Higher Income

Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 2.32 people

Total Households

550

Family Households

52.5%

Employment by Industry

Where residents work

#1 Industry

Construction

27.1%

#2 Industry

Finance

18.2%

#3 Industry

Arts,

17.2%

Total Employed Residents:192

Commute Patterns

How residents get to work

Short Commute

14.5%

Under 10 minutes

Long Commute

6.2%

Over 60 minutes

Work From Home

10.0%

29 workers

Public Transit

0.0%

0 workers

Total Commuting Workers:289

Commute Insights

High remote work adoption (10.0% work from home)

0

Labor Force Statistics

Employment Rate

76.6%

367 employed

Labor Force

479

112 unemployed

Median Age

62.4 years

Per Capita Income

$33,335

Poverty Rate

13.9%

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