Expensive
Affordable
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These days, finding an affordable place to live in the Lake Monticello area can be challenging. Home prices in Lake Monticello are now at a median cost of $335,204, lower than the Virginia average of $443,089.
The average cost of rent is $1,996/mo in Lake Monticello, primarily driven by the current value of real estate in the Lake Monticello area. In Lake Monticello, 4.86% of households rent, and 29.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Monticello is $8,827 per month. Households that rent pay about 22.62% of their income on rent here. Lake Monticello’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cunningham, VA: equally priced homes
- Palmyra, VA: equally priced homes
- Troy, VA: higher priced homes
- Wildwood, VA: less expensive homes
- Woodridge, VA: equally priced homes
- Keswick, VA: higher priced homes
- Wilmington, VA: less expensive homes
- Zion, VA: higher priced homes
- Zion Crossroads, VA: higher priced homes
- Scottsville, VA: less expensive homes
Cities with Similar Populations
- Monticello, NY: less expensive homes
- Middlebury, VT: higher priced homes
- Middlefield, OH: less expensive homes
- Middlesex, NC: less expensive homes
- Middleton, MA: higher priced homes
- Middletown, KY: equally priced homes
- Midland, NC: higher priced homes
- Miles City, MT: less expensive homes
- Milton-Freewater, OR: less expensive homes
- Milton, PA: less expensive homes
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