Zip 71655 (Monticello, AR) Housing

The housing in 71655 Monticello, AR is not faring well compared to the U.S. average. The median value of homes in this area is $129,400, which is significantly lower than the U.S. median value of $338,100. In the past year, home values have decreased by an alarming 100%, while the U.S. houses appreciation was 8.27%. This information is indicative of a slow market and buyers being hesitant to purchase property in Monticello, AR for fear of further decrease in value over time.

The median home cost in Monticello (zip 71655) is $129,400. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Monticello (zip 71655) is up 19.7%.

Average Age of Homes

- The median age of Monticello (zip 71655) real estate is 33 years old

The Rental Market in Monticello (zip 71655)

- Renters make up 37.6% of the Monticello (zip 71655) population
- 2.0% of houses and apartments in Monticello (zip 71655), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monticello, Arkansas	United States
	6,796.0	139,647,020.0
	37	42
	$129,400	$338,100
	19.7%	16.6%
	45.3%	57.0%
	53.6%	101.1%
	$5.60	$10.98
	$613	$2,690
	53.6%	57.4%
	15.9%	11.2%
	30.5%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	8.2%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	8.4%	2.6%
	9.7%	2.4%
	7.3%	2.8%
	12.2%	3.9%
	9.4%	4.5%
	15.8%	11.3%
	14.9%	13.0%
	15.1%	20.1%
	3.9%	13.6%
	0.9%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.0%	13.6%
	15.0%	13.6%
	19.2%	13.6%
	15.4%	13.2%
	19.9%	14.8%
	19.2%	13.6%
	7.1%	10.0%
	3.5%	4.7%
	5.2%	12.2%

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