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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 $190,359, lower than the Iowa average of $226,062.
The average cost of rent is $744/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. In Monticello, 22.78% of households rent, and 41.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $6,885 per month. Households that rent pay about 10.81% of their income on rent here. Monticello’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Langworthy, IA: higher priced homes
- Scotch Grove, IA: higher priced homes
- Sand Springs, IA: equally priced homes
- Hopkinton, IA: equally priced homes
- Stone City, IA: higher priced homes
- Cascade, IA: higher priced homes
- Center Junction, IA: equally priced homes
- Anamosa, IA: higher priced homes
- Prairieburg, IA: higher priced homes
- Worthington, IA: higher priced homes
Cities with Similar Populations
- Henniker, NH: higher priced homes
- Hodges, SC: equally priced homes
- Hinton, OK: less expensive homes
- Hillsville, VA: equally priced homes
- Highwood, IL: higher priced homes
- Higginsville, MO: equally priced homes
- Hidden Valley Lake, CA: higher priced homes
- Hicksville, OH: equally priced homes
- Herculaneum, MO: higher priced homes
- Hogansville, GA: higher priced homes
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