Monticello, NM Community Information

Monticello, NM Homes for Sale

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Arrey (6)
Caballo (14)
Cuchillo (105)

Elephant Btte (197)
Elephant Butte (197)

Hillsboro (15)
T Or C (105)

Truth Consq (105)
Truth Or Consequences (105)

Williamsburg (17)
Winston (2)

Monticello, NM Community Information

Population

Median Age

50.7

Median Household Income

$29,167

Households with Children

37.50%

Median Travel Time to Work

15 minutes

Monticello, NM Real Estate Market Information

Homes Owned

71.88%

Homes Rented

12.50%

Homes Vacant

15.63%

Monticello, NM Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

1:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

See Monticello apartments for rent

Monticello, NM School Information

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.