Monticello at a Glance
Population
5,488
Median Home Value
$120,800
Nat'l avg: $281,900
Median Rent
$818
Nat'l avg: $1,163
Median Income
$48,847
Nat'l avg: $74,580
Violent Crime
0.0 per 1K
Nat'l avg: 3.6 per 1K
Walk Score
N/A
N/A
Air Quality
N/A
N/A
Climate Risk
N/A
Explore Monticello
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Best Neighborhoods
Top-rated neighborhoods in Monticello ranked by Kurby Score
Affordable Neighborhoods
Most budget-friendly areas to live in Monticello
Up & Coming Neighborhoods
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Young Professionals
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Best neighborhoods for retirees in Monticello
Living In Guide
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About Monticello
Nestled along the shores of Lake Shafer, Monticello, Indiana, offers a refreshing escape from the hustle and bustle, a place where affordability meets a relaxed pace of life. With a population just shy of 5,500, this charming town punches well above its weight in terms of value. Imagine owning a home for a median value of around $120,800, a figure that's a steal compared to the national average. This financial freedom translates into a lifestyle that prioritizes leisure and community. Residents here enjoy the tranquility of small-town living, with plenty of opportunities for outdoor recreation and a strong sense of belonging. From an investment standpoint, Monticello presents a compelling case. While the median household income hovers around $48,847, the significantly lower housing costs mean your dollar stretches much further here. This makes it an attractive option for first-time homebuyers, retirees, or anyone seeking a more budget-friendly existence. The town's reputation for safety and its proximity to recreational opportunities make it an ideal place to raise a family. Monticello is perfect for those who value affordability, a close-knit community, and a slower, more enjoyable way of life.