Home Price Key
Affordable
Average
Expensive
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 $151,572, lower than the New Mexico average of $199,923.
The average cost of rent is $637/mo in Monticello, primarily driven by the current value of real estate in the Monticello area. While nearly 68.14% of residents own their homes outright in Monticello, 9.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monticello is $3,002 per month. Households that rent pay about 21.20% of their income on rent here. Monticello's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Winston, NM: equally priced homes
- Mogollon, NM: less expensive homes
- Glenwood, NM: less expensive homes
- Oscura, NM: less expensive homes
- Sierra Vista, NM: higher priced homes
- Nogal, NM: higher priced homes
- Ruidoso, NM: higher priced homes
- Alto, NM: higher priced homes
- Capitan, NM: higher priced homes
- Ruidoso Downs, NM: equally priced homes
Cities with Similar Populations
- Rutland, KY: equally priced homes
- Lorenzo, IL: higher priced homes
- Lyon, MO: higher priced homes
- Lyonsville, IN: less expensive homes
- Rosette, UT: higher priced homes
- Rosewood Heights, IL: less expensive homes
- Rowden, TX: less expensive homes
- Roxanna, OH: higher priced homes
- Roystone, PA: less expensive homes
- Ruby, AK: less expensive homes
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