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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 $190,354, lower than the Indiana average of $232,932.
The average cost of rent is $906/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. In Monticello, 19.48% of households rent, and 35.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $5,519 per month. Households that rent pay about 16.41% of their income on rent here. Monticello’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Indiana Beach, IN: higher priced homes
- Patton, IN: equally priced homes
- Sitka, IN: equally priced homes
- Smithson, IN: equally priced homes
- Idaville, IN: less expensive homes
- Reynolds, IN: equally priced homes
- Yeoman, IN: equally priced homes
- Buffalo, IN: equally priced homes
- Burnettsville, IN: less expensive homes
- Chalmers, IN: equally priced homes
Cities with Similar Populations
- Las Marias, PR: less expensive homes
- Savannah, TN: less expensive homes
- Saraland, AL: equally priced homes
- Santaquin, UT: higher priced homes
- Sanger, TX: higher priced homes
- San Marino, CA: higher priced homes
- Loris, SC: equally priced homes
- Lock Haven, PA: equally priced homes
- Liberty Lake, WA: higher priced homes
- Lexington, VA: higher priced homes
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