Monticello, FL—32344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monticello, FL
As of Oct '25, the median home price in Monticello, FL is $291,000, with a year-over-year change of -2.1%. This indicates that home prices in Monticello, FL are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | -2.1% |
| Single Family | $292,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $186,000 | -4.6% |
2 Bed | $158,000 | -6.5% |
3 Bed | $330,000 | -0.9% |
4 Bed | $455,000 | -0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monticello, FL
As of July '25, Rentcast reports the average rent in Monticello, FL is $1,330, with a year-over-year rent change of 9.9%. Per bedroom, the median rent as of July '25 in Monticello, FL is 1-bedrooms: $915, 2-bedrooms: $1,140, 3-bedrooms: $1,550. The most common rental property sizes in Monticello, FL are 3-bedroom and 2-bedroom, accounting for 48.3% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,240 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $780 | $915 |
| 2 Bed Rent | $1,150 | $1,140 |
| 3 Bed Rent | $1,600 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monticello, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Monticello, FL is 66. This is a decrease of -35.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $467,000 | -2.0% |
Listing Count | 58 | 30.0% |
| Listings as % of Homes | 0.7% | 30.0% |
Days on Market | 66 | -35.0% |
Demographics — Monticello, FL
As of the latest ACS Survey released in 2023, Monticello, FL has a population of 12,900, which has increased by 4.2% over the past 5 years. Monticello, FL is a moderately popular place for families, as children make up 17.2% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,900 | 4.2% |
% Under 18 | 17.2% | 12.4% |
% Seniors | 24.9% | 9.2% |
% WFH | 7.1% | 91.9% |
% w/ College Degree | 20.7% | -3.3% |
As of the latest ACS Survey released in 2023, Monticello, FL is a predominantly white area, with 58.9% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Monticello, FL is black, making up 30.6% of the population. Foreign-born residents account for 2.9% of the population in Monticello, FL, and this percentage has decreased by 14.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.9% | 3.3% |
% Black | 30.6% | -16.6% |
% Hispanic | 5.0% | 25.0% |
% Asian | 0.8% | 300.0% |
% Foreign Born | 2.9% | -14.7% |
Mortgage and Risk — Monticello, FL
According to HUD data as of 2023, there were 205 mortgage originations in Monticello, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Monticello, FL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 205 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Monticello, FL
Monticello, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 245 |
Total Units Section 8 | 245 |
% Rentals under Section 8 | 18.8% |
% Occupied Section 8 | 78.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $780 | $1,070 |
| 2 Bedroom | $60 | $1,150 | $1,210 |
| 3 Bedroom | -$60 | $1,600 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Monticello, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $291,000 |
| Median Household Income | $52,200 |