The story of this market
The typical home in Monticello, Arkansas sells for about $137,500.
HUD's fair market rent for a two-bedroom is $707 a month.
Monthly price momentum
Home values since 2015
+2.7%
AR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Monticello, Arkansas
Monticello maintains a stable, small-town market characterized by high affordability and a strong reliance on the local university for economic stability. The city has experienced a slight population decline, and the market is currently defined by low median home values and a significant renter population. Specific real-time market metrics like days on market and active inventory are not currently published for the city level.
No ARED county foreclosure postings attributed to Monticello yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Awaiting this reading — not graded.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 30.1% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
The university is the primary anchor for the city, providing educational opportunities, employment, and community events that drive local demand.
Monticello is well-suited for families, university-affiliated individuals, and those seeking an affordable cost of living in a small-town setting with access to regional educational resources.
The city is served by the Monticello School District, which provides public education for the local community.
The city features a short average commute time of approximately 16.3 minutes, reflecting its compact size and local employment base.
Monticello offers local parks and recreational facilities, with the University of Arkansas at Monticello campus providing additional community amenities and cultural events.
The rental market is characterized by a mix of traditional housing and subsidized units, with a median gross rent of $707 and a significant portion of renter income allocated to housing costs.
The economy is driven by the education sector, specifically the University of Arkansas at Monticello, alongside local service and retail industries.
The local economy is anchored by the University of Arkansas at Monticello, which serves as a major educational and employment hub for the region.
The city is served by the Monticello School District and is located within Drew County, which manages local property assessments.
The area is located in USDA Plant Hardiness Zone 8b, with standard regional climate considerations for Southeast Arkansas.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arkansas) — Arkansas Disabled Veteran Total Property Tax Exemption: Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00. State (Arkansas) — Arkansas Senior and Disabled Assessment Freeze: Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. State (Arkansas) — Arkansas State Homestead Property Tax Credit: Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). State (Arkansas) — Arkansas Amendment 79 Assessment Growth Caps (Assessment Limitation): Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches… State (Arkansas) — Arkansas Ad Valorem Property Tax Assessment Ratio and Valuation: Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value.
Data retrieved from U.S. Census Bureau QuickFacts and ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.