Zip 55362 (Monticello, MN) Housing

The median value of housing in 55362 Monticello, MN is $306,500, which is slightly lower than the US median value of $338,100. However, the one-year house appreciation rate in 55362 Monticello, MN is still quite impressive at 6.82%, only slightly lower than the US rate of 8.27%. This indicates that the housing market in Monticello is still strong and growing despite its lower median value when compared to national averages.

The median home cost in Monticello (zip 55362) is $306,500. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Monticello (zip 55362) is up 11.0%.

Average Age of Homes

- The median age of Monticello (zip 55362) real estate is 24 years old

The Rental Market in Monticello (zip 55362)

- Renters make up 17.9% of the Monticello (zip 55362) population
- 0.3% of houses and apartments in Monticello (zip 55362), 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, Minnesota	United States
	7,359.0	139,647,020.0
	28	42
	$306,500	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$9.41	$10.98
	$2,397	$2,690
	74.2%	57.4%
	1.5%	11.2%
	24.3%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	0.1%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	2.2%	2.4%
	2.1%	2.8%
	0.0%	3.9%
	0.1%	4.5%
	3.5%	11.3%
	15.9%	13.0%
	40.8%	20.1%
	21.9%	13.6%
	5.5%	8.3%
	5.0%	9.7%
	0.4%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	29.9%	13.6%
	29.9%	13.6%
	19.6%	13.6%
	17.2%	13.2%
	14.5%	14.8%
	19.6%	13.6%
	2.4%	10.0%
	1.3%	4.7%
	5.4%	12.2%

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