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City · 7,279 residents · Sullivan County, New York

Monticello , New York

In Monticello, a typical home is worth $172,000 and typical rent is $1,166 a month. Compared with all of Sullivan County, the typical home value is 31% lower, typical household income is 30% lower, and the share of households that own their home is 47 points lower.

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  • Typical home value

    $172,000

    31% below the county

    59% below New York

    • Monticello
    • Sullivan
    • New York

  • Typical rent

    $1,166a month

    5% above the county

    28% below New York

    • Monticello
    • Sullivan
    • New York

  • Typical household income

    $50,583a year

    30% below the county

    41% below New York

    • Monticello
    • Sullivan
    • New York

  • Households that own their home

    20%

    47 points below the county

    34 points below New York

    • Monticello
    • Sullivan
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$291,171
5.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Monticello is in Sullivan County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Sullivan County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Monticello apart

What this place has that others do not, from public data, most unusual first.

  1. 20% of households in Monticello own their home, against 67% in Sullivan County.

  2. The typical home in Monticello is worth $172,000, 31% less than in Sullivan County as a whole ($249,000).

  3. The typical household income in Monticello is $50,583, 30% less than in Sullivan County as a whole ($72,382).

  4. Nearby, in Liberty, the typical rent is $889: 24% less than in Monticello ($1,166).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Monticello

What homes there are in Monticello, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

There are more apartments in Monticello than in Sullivan County: 43% of homes, against 7%.

Year built

In Monticello, half of the homes were built before 1968; in Sullivan County, before 1974.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,059 a month

Sullivan County: $1,945 a month

Without a mortgage

$667 a month

Sullivan County: $847 a month

Owners with a mortgage

51%

Sullivan County: 46%

In Monticello, 51% of owners have a mortgage, and their typical cost is $2,059 a month, against $1,945 in Sullivan County. Without one it drops to $667.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Monticello rose 61% since 2015–2019, more than in Sullivan County (44%).

Much as in Sullivan County, the typical rent in Monticello rose 26% since 2015–2019.

While home values in Monticello changed +61% and rent +26%, the typical household income rose 60%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMonticelloSullivan CountyNew YorkUnited States
Rental vacancy Unreliable estimate5.3%3.8%5.5%
Homeowner vacancy Unreliable estimate1.7%1.1%0.9%
More than one person per room Unreliable estimate4.8%5.3%3.4%
People per household 2.282.392.492.53
Drive alone 74%72%49%69%
Carpool Unreliable estimate9%6%9%
Public transit Unreliable estimate1%22%3%
Walk or bike Unreliable estimate3%6%3%
Work from home Unreliable estimate13%15%15%
Other means Unreliable estimate2%2%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Monticello has 2.28 people on average, about the same as in Sullivan County (2.39).

In Monticello, 74% of workers drive alone to work; in Sullivan County, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Monticello?

A typical home costs more than the typical income allows

We start with a typical home in Monticello, worth $172,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Monticello, which is $50,583 a year. For that payment to be 28% of income, a household would need to earn about $72,687 a year.

The calculator's FHA and conventional loan limits are those of all of Sullivan County.

Your numbers

Local data
$

Starts at the typical home value in Monticello. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,020 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,696

at 7.18% · 30 years

Loan amount
$168,885
Total interest
$242,985
Paid off in
November 2056

Includes $2,905 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,180 a month

  • Tight

    $1,180 to $1,517 a month

  • Hard

    more than $1,517 a month

    Your payment · 40%

Compared with the typical household income in Monticello ($50,583 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,696
Principal & interest$1,144
Property tax$404
Home insurance$72
FHA mortgage insurance (MIP)$76

You need at least $6,020 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Monticello and Sullivan County

Monticello is in Sullivan County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Monticello's own numbers

Typical home value
$172,000
Typical monthly rent
$1,166
Typical yearly household income
$50,583
Households that own their home
20%
Effective property tax rate
2.82%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Sullivan County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,299
Price change over 5 years (FHFA)
+78%
Homes in a high flood-risk zone
3.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Sullivan County.

Everything about Sullivan County

Buying

Buying a home in Monticello

A typical home in Monticello is worth $172,000: 31% below the county and 59% below New York. With the typical household income in Monticello ($50,583 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Monticello 3.4 years
  • Sullivan 3.4 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Sullivan County

According to FHFA’s house price index, home prices in Sullivan County rose 120% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Sullivan County.

Period County New York U.S.
Last year (2025) +2.3% +6.0% +2.9%
5 years (2020–2025) +78% +52% +47%
10 years (2015–2025) +120% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Monticello next to Sullivan County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Monticello $172,000
  • Sullivan $249,000
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Monticello $1,166
  • Sullivan $1,106
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Monticello $50,583
  • Sullivan $72,382
  • New York $85,974
  • United States $80,734
See the full table
Monticello next to Sullivan County and New York
Measure Monticello Sullivan County New York U.S.
Typical home value $172,000 $249,000 $423,800 $332,700
Typical monthly rent $1,166 $1,106 $1,621 $1,413
Typical yearly household income $50,583 $72,382 $85,974 $80,734
Households that own their home 20% 67% 54% 65%
Typical yearly property tax $4,858 $4,969 $6,582 $3,119
Effective property tax rate 2.82% 2% 1.55% 0.94%
Renters with high rent for their income 53% 48% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sullivan County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Monticello

For a typical $172,000 home in Monticello, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Monticello's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,696a month

    Least cash to close
    Down payment
    $6,020
    Cash to close
    $11,180
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $76

  • Conventional, 5% down $1,664a month

    Down payment
    $8,600
    Cash to close
    $13,760
    Rate
    7.18%
    Mortgage insurance
    PMI · $82

  • Conventional, 20% down, no PMI $1,408a month

    Down payment
    $34,400
    Cash to close
    $39,560
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,567a month

    Down payment
    $25,800
    Cash to close
    $30,960
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Monticello and for Sullivan County.

Property tax

Effective rate in Monticello

2.82%of the home’s value each year

$4,858 a year for the typical owner in Monticello.

  • Monticello 2.82%
  • Sullivan 2%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Sullivan County

FEMA does not publish these numbers by city: they are for all of Sullivan County.

Homes in the high-risk zone
3.1%
1,479
Of those, with NFIP insurance
13%
County New York U.S.
Homes in the high-risk zone 3.1% 2% 3.5%
Of those, with NFIP insurance 13% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Monticello

Typical rent in Monticello is $1,166 a month: 5% above the county. In Monticello, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Sullivan County, by unit size. To pay the 2-bedroom one ($1,299 a month) without spending more than 30% of your income, you would need to earn $24.98 an hour working full time.

HUD fair market rent for all of Sullivan County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,005 $19.33 $40,200
1 bedroom $1,039 $19.98 $41,560
2 bedrooms $1,299 $24.98 $51,960
3 bedrooms $1,799 $34.60 $71,960
4 bedrooms $1,824 $35.08 $72,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Monticello

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Monticello is in ZIP code 12701.

For 2 bedrooms it is $1,300: $1 more than the fair market rent for Sullivan County ($1,299).

  • 12701 $1,300$1,800

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Monticello when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Monticello

HUD lists 12 buildings with rents for lower incomes in Monticello. These are the largest.

  • Sleepy Hollow Apartments 39 Terry Ln, Monticello 12701 229 homes, 228 low-income · 1 bd: 48 · 2 bd: 72 · 3 bd: 96 · 4 bd: 13 · In service since 2020
  • Sleepy Hollow Apartments 24 Terry Ln, Monticello 12701 229 homes, 227 low-income · For families
  • Evergreen Drive 10 Evergreen Dr, Monticello 12701 98 low-income homes · Run by Monticello Housing Authority · Average payment: $624 a month (845) 794-6855
  • John Crawford Senior Citizen Housing 33 Liberty St, Monticello 12701 96 homes, 95 low-income · For older adults
  • Golden Ridge 2 Isabel Ln, Monticello 12701 81 low-income homes · 1 bd: 75 · 2 bd: 4 · 3 bd: 2 · In service since 2015 · For people with disabilities

See all 34 buildings in Sullivan County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Monticello

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Sullivan County. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Monticello

No down payment, repair or rent-help program on our list is for Monticello or Sullivan County. The ones below are statewide in New York: they work in Monticello the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Monticello

The HUD-approved agencies closest to the center of Monticello, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Rupco Inc.

    3 North St, Walden · 26 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (845) 331-2140

  • Pathstone Corporation- Newburgh, NY

    1 Corwin Ct Ste 201, Newburgh · 35 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (845) 569-0770

  • Hudson River Housing

    313 Mill St, Poughkeepsie · 40 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (845) 454-5176

All counseling agencies in New York

Help in Spanish near Monticello

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Monticello

HUD’s record names them for Monticello or Sullivan County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Monticello Housing Authority Public housing and Section 8 vouchers (845) 794-6855

One other authority has an office in Sullivan County: see the list Source: HUD

Cities

Other cities in Sullivan County

These cities are also in Sullivan County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Sullivan County Housing in New York

Nearby cities

The cities closest to Monticello, with the typical home value.

Neighboring counties

If Sullivan County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Monticello.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Monticello

Short answers with the numbers for Monticello and all of Sullivan County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Monticello?

The typical home value in Monticello is $172,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sullivan County it is $249,000.

How much does it cost to rent in Monticello?

Typical rent in Monticello is $1,166 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sullivan County is $1,299.

What is the FHA loan limit in Monticello?

Monticello uses the FHA limit for all of Sullivan County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Monticello?

The typical homeowner in Monticello pays $4,858 a year, according to the U.S. Census Bureau. That is 2.82% of the home’s value; in Sullivan County, the rate is 2%.

Where can I find free help to buy or rent in Monticello?

We found no HUD-approved counseling agencies with an office in Sullivan County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).