Home Price Key
Affordable
Average
Expensive
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 $113,600, lower than the Alabama average of $185,232.
The average cost of rent is $853/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. While nearly 67.97% of residents own their homes outright in Monticello, 9.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $3,700 per month. Households that rent pay about 23.05% of their income on rent here. Monticello's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Banks, AL: higher priced homes
- Josie, AL: equally priced homes
- Buckhorn, AL: equally priced homes
- Catalpa, AL: less expensive homes
- Pronto, AL: less expensive homes
- Sandfield, AL: equally priced homes
- Dunn, AL: higher priced homes
- Linwood, AL: less expensive homes
- Brundidge, AL: equally priced homes
- Antioch, AL: higher priced homes
Cities with Similar Populations
- Short, OK: less expensive homes
- Seaboard, VA: less expensive homes
- Serena, LA: equally priced homes
- Sharpsburg, IA: equally priced homes
- Sharpsburg, IL: equally 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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