Home prices
The median home in Lake Monticello costs $228,900. Compared to its surrounding areas this is roughly $76,700 (25%) lower.It is approximately $11,400 (5%) higher in comparison to the entire nation, and in comparison to the city of Richmond it is is very similar.
Rents
Lake Monticello's median monthly rent is $1,571. In comparison to the surrounding areas this is about $405 (34%) higher.In comparison to the country as a whole it is roughly $509 (47%) higher, and it is roughly $546 (53%) higher in comparison to the city of Richmond.
Nearby places
Pantops
Pantops is roughly 9 miles northwest from Lake Monticello. Housing prices there are somewhat more expensive. The median home cost in Pantops is $330,100, which comes out to $101,200 (30%) higher than Lake Monticello. The rent there is somewhat less expensive. Pantops's median monthly rent is $1,284, which is $287 (22%) lower than Lake Monticello.
Charlottesville
Charlottesville is about 10 miles northwest of Lake Monticello. The housing prices there are a little more expensive. The median home value in Charlottesville is $299,600, which comes out to $70,700 (23%) higher than Lake Monticello. Its rents are a lot less expensive. Charlottesville's median rent is $1,142 a month, which comes out to $429 (37%) lower than Lake Monticello.
Scottsville
Scottsville is approximately 11 miles southwest of Lake Monticello. Its real estate prices are somewhat less expensive. The median home in Scottsville is valued at $206,800, which comes out to $22,100 (10%) lower than Lake Monticello. The rent there is a lot less expensive. The median rent in Scottsville is $848 a month, which comes out to $723 (85%) lower than Lake Monticello.
University of Virginia
University of Virginia is roughly 12 miles northwest from Lake Monticello. Housing prices there are significantly more expensive. The median home price in University of Virginia is $397,200, which comes out to $168,300 (42%) higher than Lake Monticello. Rent there is a lot less expensive. The median rent in University of Virginia is $1,126 a month, which comes out to $445 (39%) lower than Lake Monticello.
Hollymead
Hollymead is about 15 miles north of Lake Monticello. Its housing prices are somewhat more expensive. The median home value in Hollymead is $294,300, which is $65,400 (22%) higher than Lake Monticello. Its rents are somewhat less expensive. In Hollymead the median monthly rent is $1,429, which is $142 (9%) lower than Lake Monticello.
