Zip 47960 (Monticello, IN) Housing

The housing market in 47960 Monticello, IN is performing well above the national average. The median value for houses in this area is currently $184,300, compared to the US median of $338,100. In the past year, house appreciation has been at 8.27% nationally, while in Monticello it has been at an impressive 10.75%. This makes it clear that real estate investments in this part of Indiana have been going up in value and are likely to continue to do so if current trends persist.

The median home cost in Monticello (zip 47960) is $184,300. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Monticello (zip 47960) is up 14.6%.

Average Age of Homes

- The median age of Monticello (zip 47960) real estate is 45 years old

The Rental Market in Monticello (zip 47960)

- Renters make up 13.3% of the Monticello (zip 47960) population
- 1.3% of houses and apartments in Monticello (zip 47960), 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, Indiana	United States
	9,890.0	139,647,020.0
	49	42
	$184,300	$338,100
	14.6%	16.6%
	58.9%	57.0%
	84.4%	101.1%
	$5.41	$10.98
	$743	$2,690
	48.9%	57.4%
	37.4%	11.2%
	13.7%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.9%	0.4%
	27.5%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	1.4%	2.4%
	5.8%	2.8%
	6.9%	3.9%
	19.2%	4.5%
	17.7%	11.3%
	20.0%	13.0%
	13.6%	20.1%
	6.8%	13.6%
	2.3%	8.3%
	3.3%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	10.2%	13.6%
	10.2%	13.6%
	11.4%	13.6%
	7.3%	13.2%
	22.5%	14.8%
	11.4%	13.6%
	12.0%	10.0%
	8.5%	4.7%
	11.6%	12.2%

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