Home Price Key
Affordable
Average
Expensive
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 $245,440, lower than the Virginia average of $323,261.
The average cost of rent is $1,741/mo in Lake Monticello, primarily driven by the current value of real estate in the Lake Monticello area. While nearly 33.22% of residents own their homes outright in Lake Monticello, 5.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Monticello is $7,321 per month. Households that rent pay about 23.79% of their income on rent here. Lake Monticello's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Cunningham, VA: higher priced homes
- Palmyra, VA: equally priced homes
- Troy, VA: higher priced homes
- Wildwood, VA: equally priced homes
- Woodridge, VA: higher 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: equally priced 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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