Lake Monticello, VA Real Estate
According to census data in the year 2000 there were 2,932 housing units in Lake Monticello.
This represents a 163.2% growth from 1,114 in 1990.
Of those housing units, 2,570 were located in either urbanized areas or urban clusters, and 362 were located in what is classified as a rural area.
Homeownership rate in Lake Monticello is about 90%.
Lake Monticello's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Lake Monticello were built after 1994.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 5.70% |
| Three Bedrooms | 74.40% |
| Four Bedrooms | 16.50% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1994 |
| Median Value of occupied units | $129,300 |
| Median Price asked for vacant units | $158,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1987 |
| Median Monthly Rent asked for vacant units | $1,000 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 63.10% |
| Debt Free | 21.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
