The housing market in Monticello, AR is not faring as well as the U.S. overall. The median value of houses in Monticello is $140,000, which is significantly lower than the U.S. median value of $338,100. Furthermore, while the U.S. saw an 8.27% appreciation in house values over the past year, Monticello has seen a 100% decrease in home values over the same period of time. This suggests that the housing market in Monticello is currently struggling with falling prices and dwindling demand for homes in the area.
The median home cost in Monticello is $140,000. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Monticello is up 19.7%.
Average Age of Homes
- The median age of Monticello real estate is 35 years old
The Rental Market in Monticello
- Renters make up 48.2% of the Monticello population
- 2.5% of houses and apartments in Monticello, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.