Monticello, IN 47960 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monticello, IN—47960

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$232,000

5.3% YoY Growth

Household Income

$61,100

15.6% YoY Growth

Days on Market

85

40.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,300

7.1% YoY Growth

1-Bed Rent

$1,300

13.3% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$2,000

8.1% YoY Growth

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	5.3%
Single Family	$232,000	5.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$153,000	4.8%

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

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% of Rental Stock

Studio

2.2%

1 Bedroom

15.8%

2 Bedrooms

54.6%

3 Bedrooms

21.0%

4 Bedrooms

1.6%

5+ Bedrooms

4.8%

Property Listings — Monticello, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Monticello, IN is 90. This is a increase of 45.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$326,000	19.0%
Listing Count	80	28.0%
Listings as % of Homes	0.4%	28.0%
Days on Market	85	40.0%

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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%

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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%

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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%

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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

Monticello, IN—47960

Key Metrics at a Glance

Home Price Trends — Monticello, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monticello, IN

% of Rental Stock

Property Listings — Monticello, IN

Demographics — Monticello, IN

Race and Ethnicity

Mortgage and Risk — Monticello, IN

Mortgages

Rentals and Section 8 — Monticello, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Monticello, IN

Home Price to Income Ratio

Monticello, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Idaville, IN

Yeoman, IN

Burnettsville, IN

Monon, IN

Delphi, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$232,000
Median Household Income	$61,100

Monticello, IN—47960

Key Metrics at a Glance

Home Price Trends — Monticello, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monticello, IN

% of Rental Stock

Property Listings — Monticello, IN

Demographics — Monticello, IN

Race and Ethnicity

Mortgage and Risk — Monticello, IN

Mortgages

Rentals and Section 8 — Monticello, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Monticello, IN

Home Price to Income Ratio

Monticello, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Idaville, IN

Yeoman, IN

Burnettsville, IN

Monon, IN

Delphi, IN

Frequently Asked Questions

What is the average home price in Monticello, IN 47960?

How have home prices in Monticello, IN 47960 changed over the past year?

What is the home price projection for Monticello, IN 47960?

What are the demographics of Monticello, IN 47960?

How long does it take homes to sell in Monticello, IN 47960?

What is the average rent price in Monticello, IN 47960?