Monticello, IA is a great place to own a home, with the median value of housing being $178,200. This is significantly lower than the US House Median Value, which comes in at around $338,100. While the US 1 year House Appreciation rate has been 8.27%, Monticello's appreciation rate is slightly lower at 4.75%. This could be attractive for potential home buyers who are looking for more affordable options or those who are satisfied with a slower appreciation rate. With these attractive factors and the many amenities that Monticello offers its residents, it's easy to see why this small town is such an appealing destination for homeowners.
The median home cost in Monticello is $178,200. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Monticello is up 11.4%.
Average Age of Homes
- The median age of Monticello real estate is 60 years old
The Rental Market in Monticello
- Renters make up 22.7% of the Monticello population
- 3.7% 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.