Monticello, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monticello, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Monticello Housing Market Information

With a population of 2,411, 945 total housing units (homes and apartments), and a median house value of $173,557, Monticello real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Monticello, accounting for 78.05% of the city's housing units. Other types of housing that are prevalent in Monticello include mobile homes or trailers ( 15.18%), duplexes, homes converted to apartments or other small apartment buildings ( 4.12%), and a few large apartment complexes or high rise apartments ( 1.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monticello. Owner-occupied housing accounts for 66.24% of Monticello's homes, and 64.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Monticello built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Monticello built between 1940-1969 ( 23.74%). A lesser amount of the housing stock also hails from before 1939 ( 20.08%). There's also some housing in Monticello built between 2000 and later ( 6.69%).

Vacant housing appears to be an issue in Monticello. Fully 26.46% of the housing stock is classified as vacant. Left unchecked, vacant Monticello homes and apartments can be a drag on the real estate market, holding Monticello real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Monticello Home Appreciation Rates

Monticello's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Monticello during the period has been just -1.23%, which is lower than 70% of US communities.

Over the last year, Monticello appreciation rates have trailed the rest of the nation. In the last twelve months, Monticello's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monticello were at 0.31%, which equates to an annual appreciation rate of 1.25%.

Relative to Florida, our data show that Monticello's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$173,557

Monticello, FL HOME PRICES

Value Range
> $1,109,000 2.0
$832,001 - $1,109,000 0.3
$555,001 - $832,000 3.9
$444,001 - $555,000 1.3
$333,001 - $444,000 9.2
$222,001 - $333,000 15.1
$111,001 - $222,000 33.0
$55,001 - $111,000 17.3
$0 - $55,000 17.9

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
40.4107582327435 57.2649572649573

Number Of Homes And Apartments:
945

Monticello Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
69.23% 3.10% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$765 / per month

Homeownership Rate

Homeownership
Owners 66.24
Renters 33.76
Vacant 26.46

Housing Market Details

 

Age of Homes

AGE OF Monticello HOMES
2000 or Newer 6.7
1970 - 1999 49.5
1940 - 1969 23.7
1939 or Older 20.1

Types of Homes

TYPE OF Monticello HOMES
Single-Family 78.1
Townhomes 0.9
Small Apt. Buildings 4.1
Apt. Complexes 1.7
Mobile Homes 15.2
Other 0.0

Home Size

SIZE OF Monticello HOMES
No Bedroom 1.95
1 Bedroom 4.82
2 Bedrooms 26.61
3 Bedrooms 48.17
4 Bedrooms 15.88
5 or more bedrooms 2.57

Popular Neighborhoods in Monticello

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Zip Codes in Monticello, FL