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These days, finding an affordable place to live in the Monticello area can be challenging. Home prices in Monticello are now at a median cost of $95,500, lower than the Alabama average of $228,911.
The average cost of rent is $1,106/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. In Monticello, 11.90% of households rent, and 79.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $4,200 per month. Households that rent pay about 26.34% of their income on rent here. Monticello’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Banks, AL: equally priced homes
- Josie, AL: equally priced homes
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- Catalpa, AL: equally priced homes
- Pronto, AL: equally priced homes
- Sandfield, AL: equally priced homes
- Dunn, AL: higher priced homes
- Linwood, AL: equally priced homes
- Brundidge, AL: higher priced homes
- Antioch, AL: higher priced homes
Cities with Similar Populations
- Short, OK: higher priced homes
- Seaboard, VA: equally priced homes
- Serena, LA: higher priced homes
- Sharpsburg, IA: higher priced homes
- Sharpsburg, IL: higher priced homes
- Sheffield Square, VT: higher priced homes
- Shelby, VA: higher priced homes
- Sheldons Grove, IL: less expensive homes
- Shepherd Hill, VA: less expensive homes
- Sherman, KY: higher priced homes
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