Monticello, AR—71655
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monticello, AR
Monticello, AR lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $159,000 | 0.6% |
| Single Family | $158,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $190,000 | 3.3% |
4 Bed | $283,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monticello, AR
As of July '25, Rentcast reports the average rent in Monticello, AR is $1,060, with a year-over-year rent change of 23.8%. Per bedroom, the median rent as of July '25 in Monticello, AR is 1-bedrooms: $625, 2-bedrooms: $700, 3-bedrooms: $1,100, 4-bedrooms: $1,900. The most common rental property sizes in Monticello, AR are 2-bedroom and 3-bedroom, accounting for 55.1% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $625 |
| 2 Bed Rent | $700 | $700 |
| 3 Bed Rent | $800 | $1,100 |
| 4 Bed Rent | $1,800 | $1,900 |
% of Rental Stock
Property Listings — Monticello, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Monticello, AR is 119. This is a increase of 39.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $283,000 | 24.0% |
Listing Count | 58 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 119 | 39.0% |
Demographics — Monticello, AR
As of the latest ACS Survey released in 2023, Monticello, AR has a population of 13,900, which has decreased by -8.6% over the past 5 years. Monticello, AR is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | -8.6% |
% Under 18 | 20.5% | -6.4% |
% Seniors | 17.0% | 6.2% |
% WFH | 3.3% | 57.1% |
% w/ College Degree | 24.1% | 9.0% |
As of the latest ACS Survey released in 2023, Monticello, AR is a predominantly white area, with 63.3% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Monticello, AR is black, making up 27.8% of the population. Foreign-born residents account for 3.0% of the population in Monticello, AR, and this percentage has increased by 275.0% 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 | 63.3% | -6.1% |
% Black | 27.8% | -3.5% |
% Hispanic | 4.8% | 65.5% |
% Asian | 0.9% | ∞% |
% Foreign Born | 3.0% | 275.0% |
Mortgage and Risk — Monticello, AR
According to HUD data as of 2023, there were 144 mortgage originations in Monticello, AR, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Monticello, AR. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 144 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Monticello, AR
As of 2024, the percent of homes in Monticello, AR under the Section 8 program is 18.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Monticello, AR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 420 |
Total Units Section 8 | 409 |
% Rentals under Section 8 | 18.0% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $625 | $710 |
| 2 Bedroom | $230 | $700 | $930 |
| 3 Bedroom | $360 | $800 | $1,160 |
| 4 Bedroom | -$570 | $1,800 | $1,230 |
Affordability — Monticello, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $159,000 |
| Median Household Income | $40,900 |