The Most Affordable Neighborhoods in Monticello, ME by Home Value

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 $163,870, lower than the Maine average of $330,167.

The average cost of rent is $1,054/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. In Monticello, 15.69% of households rent, and 49.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Monticello is $4,965 per month. Households that rent pay about 21.23% of their income on rent here. Monticello’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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