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Real Estate Prices & Overview

Monticello East median real estate price is $90,187, which is less expensive than 87.3% of Arkansas neighborhoods and 95.2% of all U.S. neighborhoods.

The average rental price in Monticello East is currently $1,407, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.0% of Arkansas neighborhoods.

Monticello East is a rural neighborhood (based on population density) located in Monticello, Arkansas.

Monticello East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Monticello East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Monticello East has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 60.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Monticello, the Monticello East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Monticello East neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.9% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

People

Astoundingly, the Monticello East neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.4% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Monticello neighborhood.

Modes of Transportation

Our research reveals that 91.0% of commuters who live in the Monticello East neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.5% of U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Monticello East neighborhood in Monticello are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.9% of U.S. neighborhoods. With 13.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.3% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Monticello East neighborhood, 42.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.0%), and 11.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Monticello East neighborhood is English, spoken by 98.0% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Monticello East neighborhood in Monticello, AR, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (3.2%). There are also a number of people of African ancestry (3.2%), and residents who report Irish roots (2.3%), and some of the residents are also of German ancestry (1.7%), along with some English ancestry residents (1.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Monticello East neighborhood spend under 15 minutes commuting one-way to work (50.1% of working residents), one of the shortest commutes across America.

Here most residents (91.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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