Monticello, MS


Highest Appreciating Monticello Neighborhoods Since 2000

Monticello, MS 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 1,541, 630 total housing units (homes and apartments), and a median house value of $111,025, house prices in Monticello are solidly below the national average.

Single-family detached homes are the single most common housing type in Monticello, accounting for 67.56% of the town's housing units. Other types of housing that are prevalent in Monticello include large apartment complexes or high rise apartments ( 15.77%), duplexes, homes converted to apartments or other small apartment buildings ( 13.08%), and a few mobile homes or trailers ( 3.59%).

The most prevalent building size and type in Monticello are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.89% owning and 41.11% renting.

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 ( 38.97%). A lesser amount of the housing stock also hails from before 1939 ( 10.51%). There's also some housing in Monticello built between 2000 and later ( 3.97%).

Vacant housing appears to be an issue in Monticello. Fully 19.23% 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

In the last 10 years, Monticello has experienced some of the highest home appreciation rates of any community in the nation. Monticello real estate appreciated 23.73% over the last ten years, which is an average annual home appreciation rate of 2.15%, putting Monticello in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Monticello definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Monticello's appreciation rate, at 4.36%, has been at or slightly above the national average. In the latest quarter, Monticello's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

Relative to Mississippi, our data show that Monticello's latest annual appreciation rate is higher than 70% of the other cities and towns in Mississippi.

Average Home Values


Median Home Value:

Monticello, MS HOME PRICES

Value Range
> $1,104,000 0.5
$828,001 - $1,104,000 0.0
$552,001 - $828,000 0.0
$442,001 - $552,000 0.5
$331,001 - $442,000 2.0
$221,001 - $331,000 14.3
$110,001 - $221,000 31.0
$55,001 - $110,000 34.8
$0 - $55,000 16.9

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
70.7664361889136 27.7551020408163

Number Of Homes And Apartments:

Monticello Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
57.55% 2.67% 10 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$778 / per month

Homeownership Rate

Owners 58.89
Renters 41.11
Vacant 19.23

Housing Market Details


Age of Homes

AGE OF Monticello HOMES
2000 or Newer 4.0
1970 - 1999 46.5
1940 - 1969 39.0
1939 or Older 10.5

Types of Homes

TYPE OF Monticello HOMES
Single-Family 67.6
Townhomes 0.0
Small Apt. Buildings 13.1
Apt. Complexes 15.8
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Monticello HOMES
No Bedroom 1.79
1 Bedroom 7.69
2 Bedrooms 27.05
3 Bedrooms 51.92
4 Bedrooms 8.59
5 or more bedrooms 2.95

Popular Neighborhoods in Monticello

Popular Communities Near Monticello, MS

Zip Codes in Monticello, MS