Monticello, Minnesota.
Typical home $333,761 (+1.1% in a year), asking rent $1,668 (+4.6%). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$871 (+99%) since Jan 2020.
- 1 year
- Up $3,471 +1%
- $330,289$333,761 since Sep 2025
- 5 years
- Up $38,001 +13%
- $295,760$333,761 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Monticello$1,752
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 29 years.
Typical home values in Monticello, MN rose 1.1% over the past year — in step with the nation.
Asking rents in Monticello, MN rose 4.6% over the past year — faster than the nation's +2.7%.
Owning the typical home in Monticello runs $714/mo more than renting one. The gap peaked at $801 in May 2024.
That is $2,382 a month against $1,668 rent: a $1,752 mortgage payment, plus $273 property tax and $357 insurance & upkeep.
Owning vs renting — Monticello
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,382
- Renting$1,668
- Mortgage only$1,752
Property tax · $273/mo 0.98% of value a year — the ACS 2020-2024 median bill over the median home value for Wright County, MN
Insurance & upkeep · $357/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Monticello, Wright County, Minnesota
Monticello is a city of 14,455 people in Wright County. Half its households earn more than $79,534 a year and half less, against $107,209 across Wright County; 7% of its people live below the poverty line. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Wright County was 4.5% in August 2026, and the county had 1.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Monticello is a small city in Wright County with a younger population than many Minnesota towns, and a good share of its homes are lived in by their owners. Household incomes run below the county's, and a typical home is priced well under what rents and sales might suggest in the wider Twin Cities area. Winters are cold and snowy, with January the coldest month, while July brings warm summer days.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops and the building trades also employing a good number. The Monticello Public School District, Cargill and Walmart are among the largest workplaces in town. The typical commute is moderate, and some residents work from home.
Things to do. Lake Maria State Park, a protected area a short drive away, is a place for walking and time outdoors. Beebe Lake and Green Mountain Lake, both lakes a short drive away, offer quieter water close to town. For a longer outing, Lake Minnetonka, one of the best known lakes in the region, is a longer drive away.
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- 5,695households
- 24%of adults have a degree
- 7%below the poverty line
- 26 mintypical commute
- 13%work from home
What residents work in
Employed residents by industry, from the Census survey. Wright County had 49,245 jobs in 2025, 1.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 21° and lows near 3°; warmest in July, with highs near 81° and lows near 61°. About 40 inches of snow and 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Buffalo 2NE weather station, 7 miles away (NOAA).
Largest workplaces in Monticello
- Eastview Education CenterK-12 education660
- Dist OfficeK-12 education651
- Monticello Public School DistrictSchool district468FTE
- Pinewood Elementary SchoolK-12 education454
- CargillEggs, processed, manufacturing397
- WalmartWarehouse clubs and supercenters390
- Little Mountain ElementaryK-12 education351
- Cch-monticelloCritical access hospital342FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 28 workplaces with 20 or more staff, 4,981 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- HailRelatively high
- TornadoesRelatively high
- Inland floodingRelatively high
- Winter weatherrelatively high in parts of MonticelloRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Monticello’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wright County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Monticello home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Monticello$333,761
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Monticello listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Monticello34.67%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Monticello50
New listings per month
Sellers arriving at the market.
- Monticello17
Zip codes with a Monticello address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Monticello — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.