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 $125,089, lower than the Arkansas average of $160,541.
The average cost of rent is $718/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. While nearly 42.77% of residents own their homes outright in Monticello, 37.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $3,562 per month. Households that rent pay about 20.15% of their income on rent here. Monticello's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Tennessee, AR: equally priced homes
- Jerome, AR: less expensive homes
- Montongo, AR: less expensive homes
- Wilmar, AR: equally priced homes
- Cominto, AR: less expensive homes
- Florence, AR: less expensive homes
- Selma, AR: less expensive homes
- Collins, AR: less expensive homes
- Warren, AR: less expensive homes
- Orlando, AR: equally priced homes
Cities with Similar Populations
- Kenton, OH: equally priced homes
- Saucier, MS: higher priced homes
- Sanford, ME: higher priced homes
- Russell Springs, KY: less expensive homes
- Larkspur, CA: higher priced homes
- Largo, MD: higher priced homes
- Lansing, KS: higher priced homes
- Lansdowne, VA: higher priced homes
- La Pine, OR: higher priced homes
- La Grange, NC: equally priced homes
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