Lake Monticello, VA Real Estate

According to census data in the year 2000 there were 2,932 housing units in Lake Monticello. This represents a 163.2% growth from 1,114 in 1990.

Of those housing units, 2,570 were located in either urbanized areas or urban clusters, and 362 were located in what is classified as a rural area.

Homeownership rate in Lake Monticello is about 90%. Lake Monticello's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.51 people.

The majority of houses, apartments or condos in Lake Monticello were built after 1994.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms5.70%
Three Bedrooms74.40%
Four Bedrooms16.50%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1994
Median Value of occupied units$129,300
Median Price asked for vacant units$158,900

Rented Homes, Apartments and Condos

Average Household Size3.02
Median year structure was built1987
Median Monthly Rent asked for vacant units$1,000

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.20%
Home Equity Loan8.60%
Simple Mortgage63.10%
Debt Free21.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19%