Monticello, AR housing market
The typical Monticello home is worth about $166,000, about the same as a year ago, 27% below the Arkansas typical home.
Home values, sales, trends and how Monticello compares with the towns next door — updated as new data is published.
Monticello at a glance
Typical home value, 2016–2026
Show as a table
| January | Monticello | Arkansas |
|---|---|---|
| 2017 | $122,000 | $140,000 |
| 2018 | $126,000 | $145,000 |
| 2019 | $127,000 | $149,000 |
| 2020 | $130,000 | $156,000 |
| 2021 | $142,000 | $172,000 |
| 2022 | $163,000 | $197,000 |
| 2023 | $159,000 | $206,000 |
| 2024 | $160,000 | $212,000 |
| 2025 | $165,000 | $220,000 |
| 2026 | $165,000 | $224,000 |
| August 2026 | $166,000 | $227,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Monticello in 2025, all single-family houses, worth about $1.4 million to build. That's 0.5 per 1,000 residents, slower than across Arkansas (7.6). Over the past 10 years, Monticello has permitted 71 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Monticello's population fell by 1,025 even though 186 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Arkansas: 1.1 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 0 | 2 | $200,000 |
| 2025 | 4 | 4 | 0 | $1.4 million |
| 2024 | 13 | 2 | 11 | $2 million |
| 2023 | 8 | 4 | 4 | $1.8 million |
| 2022 | 8 | 8 | 0 | $1.3 million |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 3 | 3 | 0 | $675,000 |
| 2019 | 12 | 6 | 6 | $673,000 |
| 2018 | 3 | 1 | 2 | $290,000 |
| 2017 | 10 | 10 | 0 | $1.2 million |
| 2016 | 10 | 10 | 0 | $1.2 million |
| 2015 | 17 | 13 | 4 | $1.7 million |
| 2014 | 4 | 4 | 0 | $640,000 |
| 2013 | 11 | 9 | 2 | $1.3 million |
| 2012 | 11 | 4 | 7 | $960,000 |
| 2011 | 22 | 6 | 16 | $1.6 million |
| 2010 | 86 | 4 | 82 | $4.3 million |
| 2009 | 10 | 6 | 4 | $845,000 |
| 2008 | 13 | 3 | 10 | $1.3 million |
| 2007 | 11 | 9 | 2 | $1.5 million |
| 2006 | 13 | 13 | 0 | $1.4 million |
| 2005 | 20 | 18 | 2 | $1.9 million |
| 2004 | 27 | 13 | 14 | $2.1 million |
| 2003 | 26 | 8 | 18 | $1.2 million |
| 2002 | 48 | 12 | 36 | $4.4 million |
| 2001 | 94 | 14 | 80 | $4.7 million |
| 2000 | 69 | 39 | 30 | $4.5 million |
How Monticello ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.1 years of income
The typical Monticello home costs about 6.1 years of the town's median household income, more than across Arkansas (3.7 years).
How Monticello ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Monticello is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Monticello pay a median of $707, so moving in tends to cost more than staying put. A two-bedroom takes about 41% of the town's median household income, above the 30% guideline for affordable housing.
Studio $660 · 4 bedrooms $1,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (71655; Drew County, AR), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.