Monticello, GA—31064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monticello, GA
As of Oct '25, the median home price in Monticello, GA is $298,000, with a year-over-year change of 0.8%. This indicates that home prices in Monticello, GA are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 0.8% |
| Single Family | $298,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 2.4% |
3 Bed | $277,000 | 2.2% |
4 Bed | $395,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monticello, GA
As of July '25, Rentcast reports the average rent in Monticello, GA is $3,040, with a year-over-year rent change of 27.7%. Per bedroom, the median rent as of July '25 in Monticello, GA is 3-bedrooms: $3,450, 4-bedrooms: $2,220. The most common rental property sizes in Monticello, GA are 3-bedroom and 4-bedroom, accounting for 42.9% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,400 | $3,450 |
| 4 Bed Rent | $2,220 | $2,220 |
% of Rental Stock
Property Listings — Monticello, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monticello, GA is 73. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -11.0% |
Listing Count | 101 | -17.0% |
| Listings as % of Homes | 1.9% | -17.0% |
Days on Market | 73 | -7.0% |
Demographics — Monticello, GA
As of the latest ACS Survey released in 2023, Monticello, GA has a population of 9,860, which has increased by 8.7% over the past 5 years. Monticello, GA is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,860 | 8.7% |
% Under 18 | 24.6% | 8.8% |
% Seniors | 16.8% | -1.8% |
% WFH | 9.4% | 235.7% |
% w/ College Degree | 23.0% | 98.3% |
As of the latest ACS Survey released in 2023, Monticello, GA is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Monticello, GA is black, making up 20.6% of the population. Foreign-born residents account for 1.8% of the population in Monticello, GA, and this percentage has increased by 80.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.0% | -3.4% |
% Black | 20.6% | -14.2% |
% Hispanic | 4.6% | 187.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.8% | 80.0% |
Mortgage and Risk — Monticello, GA
According to HUD data as of 2023, there were 319 mortgage originations in Monticello, GA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Monticello, GA. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 319 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Monticello, GA
Monticello, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | -$1,770 | $3,400 | $1,630 |
| 4 Bedroom | -$260 | $2,220 | $1,960 |
Affordability — Monticello, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $298,000 |
| Median Household Income | $57,000 |