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Real Estate Prices & Overview

Monticello East median real estate price is $89,342, which is less expensive than 90.3% of Arkansas neighborhoods and 96.2% of all U.S. neighborhoods.

The average rental price in Monticello East is currently $1,335, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.6% of Arkansas neighborhoods.

Monticello East is a remote 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 10.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.2% 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

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 98.5% 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 97.1% 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.

Diversity

Did you know that the Monticello East neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have African ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this 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 92.4% of U.S. neighborhoods. With 22.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.4% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Monticello East neighborhood, 42.8% 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 23.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.5%), and 10.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Monticello East neighborhood is English, spoken by 97.4% 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 (6.2%). There are also a number of people of African ancestry (6.2%), and residents who report German roots (4.0%), and some of the residents are also of Irish ancestry (2.4%), along with some Polish ancestry residents (1.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Monticello East neighborhood spend under 15 minutes commuting one-way to work (53.4% of working residents), one of the shortest commutes across America.

Here most residents (87.1%) 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 (8.6%) . 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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