Real Estate Market Update for 55362 (Monticello, MN)
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 18% from one year earlier, and down 16% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 210-thousand dollars. The number of units sold increased 60% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 55362 (Monticello, MN)
Area Information for 55362 (Monticello, MN)
  • Population: 18,754
  • Median Age: 35.45 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 306/sq mi
  • Population Change Since 2000: 41.19%
  • Closest Airport: St. Cloud Regional
  • Closest College: Crown College
  • Closest Jr. College: Anoka Technical College
  • Median Household Income: $74,011
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $178,700
  • Closest Major Sports Team: Minnesota Twins
  • Change Avg. Household Income Since 2000: 40.32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 55362 (Monticello, MN)
Median Age: 35.45 Married: 44% Number of Households: 6,785 Households with Children: 2,701
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 55362 (Monticello, MN)

      School Name Distance Type Grades School Rating Parent Rating
      Monticello Alternative Program 0.1 mi Public 9-12 0 0
      Little Mountain Elementary School 0.4 mi Public K-5 4 0
      Monticello Senior High School 1.2 mi Public 9-12 3 4
      Early Childhood Special Education 1.3 mi Public UNGRADE-UNGRADE 0 0
      Monticello Middle School 1.6 mi Public 6-8 5 0
      Swan River Montessori Charter School 1.8 mi Public K-6 4 0
      Pinewood Elementary School 2.2 mi Public K-5 4 0
      Prairie House School 3.2 mi Public 7-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 55362 (Monticello, MN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.