Monticello, IN Housing Market
AI-powered market intelligence for the Monticello, IN metro area.
PropertyIQ Scores
Monticello, IN Market Analysis
Market Overview
Monticello, IN has a weak market profile, reflected in a PropertyIQ Score of 22 out of 100. The top score drivers—median days on market at 63 days and a 27.7% share of listings with a price cut—indicate that homes are taking longer to sell and sellers are making concessions. Against state benchmarks, Monticello’s median home value of $303,650 is about 16% higher than Indiana’s $260,808, while median household income is lower at $66,143 compared with the state’s $70,051. That creates an affordability gap.
The rental side is also weaker than the state: the rent index is $853, about $167 below Indiana’s $1,020. Unemployment is 3.3%, equal to the state average, showing labor market stability. Inventory stands at 108 homes for sale. Population growth data is N/A, and state-level days on market and price-cut benchmarks are not provided, so those top score drivers should be interpreted on their own. Overall, the score and metrics point to a soft market with limited momentum.
Key Trends
First, affordability is stretched relative to state norms. The median home value is $42,842 above the state median, while median household income is $3,908 below the state median. This price-income mismatch may be limiting buyer activity and contributing to longer selling times.
Second, market movement is slow. A median days on market of 63 days and a price-cut share of 27.7% are the top score drivers. More than one in four listings has reduced price, signaling that sellers are adapting to weaker demand.
Third, home prices are essentially flat. The home value year over year is $-6, which is a negligible change and suggests no meaningful appreciation. Combined with slow turnover, it points to stagnant pricing rather than growth.
Fourth, rental economics are weak compared with the state. The rent index of $853 is well below the Indiana rent index of $1,020. With a median home value of $303,650, rental income appears modest relative to purchase price, which may limit investor interest. If the rent index is treated as a representative monthly rent, annual rent would be about $10,236 against a $303,650 home value, a gross yield near 3.4% before expenses.
Who Is This Market For
This market is best suited to patient owner-occupants and buyers who have flexibility. Because the median days on market is 63 and 27.7% of listings have price cuts, buyers can negotiate from a position of strength. It may work for first-time buyers who can find a discounted listing, but the affordability gap—median home value above the state average and income below the state average—could be a hurdle.
For investors, Monticello is less attractive. The rent index of $853 combined with a median home value of $303,650 produces weak cash-flow potential relative to the state. The year-over-year home value change of $-6 provides little appreciation incentive. Move-up buyers may also face challenges because selling an existing home could take time. The stable unemployment rate of 3.3% is a positive for owner-occupants and landlords, but it does not overcome the market’s weak score and rent-to-price imbalance.
Outlook
The outlook for Monticello is cautiously soft. With median days on market at 63 days, 27.7% of listings showing price cuts, and year-over-year home value at $-6, sellers are likely to continue facing negotiation pressure in the near term. Inventory of 108 homes for sale may not be absorbed quickly given the slow turnover signals. Unemployment matching the state at 3.3% provides some stability, but lower median household income and a lower rent index relative to state averages do not support upward price pressure. Population growth data is not available, so longer-term demand cannot be measured. The available data points to continued buyer-favorable conditions and flat-to-soft pricing rather than meaningful appreciation.
AI-generated analysis based on current market data. Last updated August 21, 2026.
Get Monticello, IN market updates
Choose your role for tailored insights.
Monticello, IN market data
Monticello, IN Housing Market Overview
Monticello, IN's median home value is $163K. Homes here sell in a median 63 days. Its PropertyIQ Score of 22 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The Monticello, IN metropolitan area represents a distinct segment of IN's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Monticello, IN's PropertyIQ Score of 22 runs below the Midwest norm.
Each month, PropertyIQ updates its score for Monticello, IN using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.
Explore the interactive map to see how Monticello, IN compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Monticello, IN metro area
ZIP codes in the Monticello, IN metro area
View all 13 →Top markets in IN
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Monticello, IN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Monticello, IN currently scores 22, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $163K. So whether Monticello, IN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Monticello, IN?
Monticello, IN's PropertyIQ Score is 22, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 22 places Monticello, IN below its state benchmark.
How quickly do homes sell in Monticello, IN?
In Monticello, IN, homes sell in a median of 63 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 28% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Monticello, IN market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.