Foreclosure Homes in Monticello, IL 61856

Current Market Conditions in Monticello, IL

The Monticello real estate market is currently seeing steady growth as more people seek a peaceful lifestyle away from the hustle and bustle of larger cities. Property values in the area have appreciated over the past year as demand increases, particularly among families and retirees. Inventory levels remain relatively low, resulting in a competitive environment for buyers.

Rent Prices In Monticello, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monticello, IL, is on a rollercoaster ride. The average rent price in Monticello, IL, is $1,436.00. Indeed, when looking to rent in Monticello, IL, you can expect to pay as little as $540.00 or as much as $3,780.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Monticello, IL -- 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.