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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 $221,487, lower than the Illinois average of $300,242.
The average cost of rent is $1,333/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. In Monticello, 15.02% of households rent, and 38.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $8,885 per month. Households that rent pay about 15.00% of their income on rent here. Monticello’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- White Heath, IL: higher priced homes
- Cisco, IL: equally priced homes
- DeLand, IL: less expensive homes
- Bement, IL: less expensive homes
- Galesville, IL: higher priced homes
- Ivesdale, IL: less expensive homes
- Milmine, IL: equally priced homes
- Seymour, IL: equally priced homes
- Bodman, IL: less expensive homes
- Weldon, IL: less expensive homes
Cities with Similar Populations
- Royston, GA: less expensive homes
- Jasper, TN: less expensive homes
- Jefferson Manor, VA: higher priced homes
- Jefferson, OH: less expensive homes
- Jemison, AL: less expensive homes
- Jersey Village, TX: higher priced homes
- Ledyard, CT: higher priced homes
- Lisbon, OH: less expensive homes
- Litchfield, MN: equally priced homes
- Livingston, LA: less expensive homes
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