Monticello, IN—47960
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monticello, IN
Monticello, IN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 5.4% |
| Single Family | $232,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $151,000 | 5.6% |
2 Bed | $200,000 | 6.4% |
3 Bed | $258,000 | 6.6% |
4 Bed | $341,000 | 5.9% |
| 5 Bed | $407,000 | 4.9% |
% of Housing Stock
Rental Trends — Monticello, IN
As of July '25, Rentcast reports the average rent in Monticello, IN is $1,650, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Monticello, IN is 1-bedrooms: $1,300, 3-bedrooms: $2,000. The most common rental property sizes in Monticello, IN are 2-bedroom and 3-bedroom, accounting for 54.6% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monticello, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Monticello, IN is 79. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | 20.0% |
Listing Count | 106 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 79 | 41.0% |
Demographics — Monticello, IN
As of the latest ACS Survey released in 2023, Monticello, IN has a population of 15,300, which has increased by 5.2% over the past 5 years. Monticello, IN is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | 5.2% |
% Under 18 | 18.7% | -6.0% |
% Seniors | 25.3% | 9.5% |
% WFH | 5.3% | 103.8% |
% w/ College Degree | 18.2% | 4.0% |
As of the latest ACS Survey released in 2023, Monticello, IN is a predominantly white area, with 92.1% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Monticello, IN is hispanic, making up 5.8% of the population. Foreign-born residents account for 3.7% of the population in Monticello, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.1% | 2.4% |
% Black | 0.2% | -60.0% |
% Hispanic | 5.8% | -14.7% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 3.7% | 0.0% |
Mortgage and Risk — Monticello, IN
According to HUD data as of 2023, there were 455 mortgage originations in Monticello, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Monticello, IN. Investor activity is low, as 3.0% 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 | 455 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Monticello, IN
Monticello, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 90 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $1,300 | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | -$820 | $2,000 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Monticello, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $232,000 |
| Median Household Income | $61,100 |