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Foreclosures in Monticello, AR

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Monticello, AR Foreclosures

How much do homes sell for in Monticello, AR?
The average home price is currently $148,112.
In Monticello, AR, how many homes are available?
There are currently 27 active home listings available in Monticello.
What’s the average rental cost in Monticello, AR?
The average rental price in Monticello is $929.
What is the most expensive home in Monticello?
The most expensive home sold in Monticello had a price of $2,479,100.
What is currently the cheapest priced home in Monticello, AR?
The cheapest home for sale in Monticello is priced at $11,204.

Living in Monticello, AR

Monticello, AR, is a charming and friendly city known for its vibrant community and rich educational opportunities. With a laid-back atmosphere, this city offers recreational activities, local shopping, and delicious cuisine, making it an ideal location for families and individuals alike. Monticello combines small-town warmth with the resources of a college town, creating a unique living environment.

Current Market Conditions in Monticello, AR

The current real estate market in Monticello shows a steady increase in home values, indicative of a growing demand among buyers seeking affordable housing in a friendly community. The city offers a diverse selection of properties, from charming older homes to newer construction, attracting a range of prospective residents including families and retirees.

Investors are also noticing Monticello's potential, as the city is witnessing new developments that enhance its appeal. Low inventory levels are beginning to create competitive bidding situations among buyers, reflecting the desirability of the area.

A notable trend in Monticello is the rise in interest for single-family homes as more people seek stability in their living environments. This shift in buyer preferences is leading to more home renovations and updates, contributing positively to property values.

Home Value Estimator For Monticello, AR

There are currently 4,962 real estate properties in Monticello, AR, with a median automated valuation model (AVM) price of $119,995.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monticello, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Monticello, AR, is $148,112.00, with the most expensive house in Monticello, AR, topping out at $2,479,100.00 and the cheapest home in Monticello, AR, clocking in at $11,204.00. In other words, there’s something for every potential homebuyer or savvy investor in Monticello, AR!

Rent Prices In Monticello, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monticello, AR, is on a rollercoaster ride. The average rent price in Monticello, AR, is $929.00. Indeed, when looking to rent in Monticello, AR, you can expect to pay as little as $410.00 or as much as $2,400.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Monticello, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Monticello, AR


Market Trend for Monticello, AR

Total Listings Available: 27

Market Values:

Home Prices from $11,204 to $2,479,100

Average Sales Price: $148,112

Rental Values:

Rental from $410 to $2,400

Average Rent Value: $929 / month

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