Monticello, AR Real Estate
According to census data in the year 2000 there were 3,868 housing units in Monticello.
This represents a 18.4% growth from 3,267 in 1990.
Of those housing units, 3,681 were located in either urbanized areas or urban clusters, and 187 were located in what is classified as a rural area.
Homeownership rate in Monticello is about 54.1%.
Monticello's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Monticello were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 10.10% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 46.60% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $66,000 |
| Median Price asked for vacant units | $23,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $261 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 3% |
| Simple Mortgage | 52.50% |
| Debt Free | 38% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
