Monticello, IA—52310
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monticello, IA
As of Oct '25, the median home price in Monticello, IA is $223,000, with a year-over-year change of 5.4%. This indicates that home prices in Monticello, IA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 5.4% |
| Single Family | $228,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 6.8% |
3 Bed | $222,000 | 5.2% |
4 Bed | $279,000 | 6.9% |
| 5 Bed | $343,000 | 7.2% |
% of Housing Stock
Rental Trends — Monticello, IA
As of July '25, Rentcast reports the average rent in Monticello, IA is $817, with a year-over-year rent change of 48.5%. Per bedroom, the median rent as of July '25 in Monticello, IA is 1-bedrooms: $600, 2-bedrooms: $925. The most common rental property sizes in Monticello, IA are 1-bedroom and 2-bedroom, accounting for 51.3% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $817 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 2 Bed Rent | $750 | $925 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monticello, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monticello, IA is 37. This is a increase of 3.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $217,000 | 1.0% |
Listing Count | 18 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 37 | 3.0% |
Demographics — Monticello, IA
As of the latest ACS Survey released in 2023, Monticello, IA has a population of 6,380, which has remained stable by 0.4% over the past 5 years. Monticello, IA is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,380 | 0.4% |
% Under 18 | 20.6% | -12.0% |
% Seniors | 22.9% | 1.3% |
% WFH | 8.3% | 10.7% |
% w/ College Degree | 21.2% | -7.8% |
As of the latest ACS Survey released in 2023, Monticello, IA is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Monticello, IA is hispanic, making up 3.2% of the population. Foreign-born residents account for 0.3% of the population in Monticello, IA, and this percentage has decreased by 40.0% 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 | 93.0% | -1.9% |
% Black | 1.0% | -23.1% |
% Hispanic | 3.2% | 33.3% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.3% | -40.0% |
Mortgage and Risk — Monticello, IA
According to HUD data as of 2023, there were 122 mortgage originations in Monticello, IA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Monticello, IA. Investor activity is low, as 3.0% 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 | 122 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Monticello, IA
Monticello, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $600 | $700 |
| 2 Bedroom | $130 | $750 | $880 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Monticello, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $223,000 |
| Median Household Income | $76,900 |