Similar to other places in this area, it is a lot less expensive compared to the United States as a whole. Compared to the city of Madison, it is substantially less expensive.
Home prices
The median home in Monticello costs $136,800. This is approximately $6,400 (4%) lower compared to other places in this area.It is roughly $80,700 (37%) lower in comparison to the United States as a whole, and it is roughly $109,500 (44%) lower in comparison to the city of Madison.
Rents
The median rent in Monticello is $671 a month. Compared to nearby areas this is roughly $87 (11%) lower.Compared to the nation as a whole it is roughly $391 (36%) lower, and it is approximately $447 (39%) lower in comparison to the city of Madison.
Nearby places
New Glarus
New Glarus is roughly 4 miles northwest from Monticello. Real estate prices there are somewhat more expensive. New Glarus's median home cost is $165,100, which is $28,300 (17%) higher than Monticello. Rent there is a little more expensive. The median rent in New Glarus is $793 per month, which works out to $122 (15%) higher than Monticello.
Albany
Albany is about 7 miles east of Monticello. Its real estate prices are fairly similar. The price of the median home in Albany is $131,300, which is $5,500 (4%) lower than Monticello. The rent there is fairly similar. The median monthly rent in Albany is $697, which comes out to $26 (3%) higher than Monticello.
Belleville
Belleville is about 8 miles north from Monticello. Real estate prices there are a little more expensive. Belleville's median home price is $190,700, which works out to $53,900 (28%) higher than Monticello. Rent there is somewhat more expensive. The median monthly rent in Belleville is $941, which comes out to $270 (28%) higher than Monticello.
Monroe
Monroe is about 9 miles south from Monticello. The real estate prices there are a bit less expensive. The cost of the median home in Monroe is $126,100, which comes out to $10,700 (8%) lower than Monticello. Rent there is a bit more expensive. In Monroe the median monthly rent is $752, which comes out to $81 (10%) higher than Monticello.
Juda
Juda is approximately 10 miles south of Monticello. The housing prices there are substantially less expensive. The median home value in Juda is $102,800, which comes out to $34,000 (33%) lower than Monticello. Rent there is a little less expensive. The median monthly rent in Juda is $608, which is $63 (10%) lower than Monticello.
