Living in Monticello, ME
Monticello, ME is a charming rural town in Aroostook County, renowned for its picturesque landscapes and outdoor recreational opportunities. Residents enjoy a peaceful lifestyle with a strong sense of community, and convenient access to nearby amenities in larger towns. Ideal for nature lovers and families seeking a tight-knit community atmosphere.
Current Market Conditions in Monticello, ME
Monticello's real estate market has shown stability over the past year with gradual price increases, driven by the appeal of affordable housing and a desire for rural living. As more people seek refuge in quieter, rural areas post-pandemic, Monticello has seen a steady influx of buyers looking for second homes or primary residences away from urban centers.
Currently, homes in Monticello are selling relatively quickly, with interest piqued by updated listings and available amenities. The market remains competitive, making it a great time for sellers. However, buyers are finding solid options, particularly for single-family homes in this picturesque area.
Home Value Estimator For Monticello, ME
There are currently 261 real estate properties
in Monticello, ME,
with a median automated valuation model (AVM) price
of $118,228.00. 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, ME, 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, ME,
is $136,408.00, with the most expensive house
in Monticello, ME, topping out
at $671,900.00 and the cheapest home
in Monticello, ME,
clocking in at $49,325.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monticello, ME!
Rent Prices
In Monticello, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monticello, ME, is on
a rollercoaster ride. The
average rent price in Monticello, ME,
is $922.00. Indeed, when looking to rent in
Monticello, ME, you can expect to pay as little
as $830.00 or as much
as $1,230.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Monticello, ME
-- 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.
Learn more on Foreclosure homes
