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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 $117,259, lower than the Mississippi average of $183,008.
The average cost of rent is $737/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. In Monticello, 24.01% of households rent, and 60.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $5,767 per month. Households that rent pay about 12.78% of their income on rent here. Monticello’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rosella, MS: equally priced homes
- Robinwood, MS: less expensive homes
- Fair River, MS: higher priced homes
- Wanilla, MS: equally priced homes
- Sontag, MS: higher priced homes
- Silver Creek, MS: less expensive homes
- Topeka, MS: less expensive homes
- East Lincoln, MS: higher priced homes
- Tilton, MS: equally priced homes
- Fair Oak Springs, MS: higher priced homes
Cities with Similar Populations
- Blue Ridge, TX: higher priced homes
- Bourbon, MO: higher priced homes
- Brookdale, SC: higher priced homes
- Caledonia, MN: higher priced homes
- Combined Locks, WI: higher priced homes
- Cuba City, WI: higher priced homes
- Deerfield, WI: higher priced homes
- Ferdinand, IN: higher priced homes
- Fort Mitchell, AL: higher priced homes
- Frazier Park, CA: higher priced homes
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