Monticello, IA housing market
The typical Monticello home is worth about $245,000, up 8.2% in a year, close to the Iowa typical home. Homes typically sell in 50 days, below asking.
Home values, sales, trends and how Monticello compares with the towns next door — updated as new data is published.
Monticello at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Monticello | Iowa |
|---|---|---|
| 2017 | $143,000 | $147,000 |
| 2018 | $146,000 | $152,000 |
| 2019 | $145,000 | $159,000 |
| 2020 | $156,000 | $167,000 |
| 2021 | $170,000 | $179,000 |
| 2022 | $185,000 | $195,000 |
| 2023 | $201,000 | $211,000 |
| 2024 | $209,000 | $218,000 |
| 2025 | $222,000 | $228,000 |
| 2026 | $234,000 | $236,000 |
| August 2026 | $245,000 | $240,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Monticello in 2025. That's 0.2 per 1,000 residents, slower than across Iowa (4.7). Over the past 10 years, Monticello has permitted 67 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Monticello gained 244 residents while 88 new homes were permitted: about 2.8 new residents per new home. Building and growth moved roughly in step. Across Iowa: 1.3 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) | 4 | 2 | 2 | $1.7 million |
| 2025 | 1 | 1 | 0 | $773,000 |
| 2024 | 5 | 3 | 2 | $1.7 million |
| 2023 | 14 | 2 | 12 | $2 million |
| 2022 | 3 | 1 | 2 | $796,000 |
| 2021 | 6 | 4 | 2 | $1.1 million |
| 2020 | 2 | 2 | 0 | $401,000 |
| 2019 | 9 | 5 | 4 | $1.4 million |
| 2018 | 18 | 4 | 14 | $2.5 million |
| 2017 | 4 | 4 | 0 | $659,000 |
| 2016 | 5 | 5 | 0 | $908,000 |
| 2015 | 8 | 8 | 0 | $1.4 million |
| 2014 | 10 | 10 | 0 | $1.8 million |
| 2013 | 11 | 5 | 6 | $1.2 million |
| 2012 | 6 | 4 | 2 | $948,000 |
| 2011 | 9 | 9 | 0 | $1.5 million |
| 2010 | 8 | 8 | 0 | $1.2 million |
| 2009 | 7 | 7 | 0 | $881,000 |
| 2008 | 4 | 4 | 0 | $713,000 |
| 2007 | 9 | 9 | 0 | $1.6 million |
| 2006 | 12 | 12 | 0 | $1.9 million |
| 2005 | 16 | 16 | 0 | $1.8 million |
| 2004 | 15 | 11 | 4 | $1.6 million |
| 2003 | 10 | 10 | 0 | $1.1 million |
| 2002 | 5 | 5 | 0 | $600,000 |
| 2001 | 5 | 5 | 0 | $600,000 |
| 2000 | 16 | 16 | 0 | $870,000 |
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.
3.5 years of income
The typical Monticello home costs about 3.5 years of the town's median household income, more than across Iowa (3.2 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 $722, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $630 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52310; Cedar Rapids, IA HUD Metro FMR Area), 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, May 2026. 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.