Lake Monticello: Housing & Real Estate
Homes in Lake Monticello carry a median value of $325,900 (estimated market value runs 9% higher at $355,564), with median rent $1,981 (1.6× higher than Fluvanna County median $1,204; 1.3× higher than Virginia median $1,579). Homeownership rate: 95.9%. That's about the same as the Fluvanna County median ($314,100); 1.2× below the Virginia median ($383,700). Market is warm. Vacancy rate 7.5%. New construction makes up 8.6% of stock. A municipal building code is in effect.
- 3.1× annual income — home value vs. household income (vs Virginia 4.1×).
- 13.7 years to break even renting at the median (vs Virginia 19y).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
- Median rent runs 8% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $325,900 — 0.9× the Virginia median ($382,500). Median rent $1,981/month. homeownership rate 95.9% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.1× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 24.3% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 7.5% |
| Affordability · Poverty Rate | 6.7% |
| Affordability · Property Tax Pct Income | 1.9% |
| Fair Market Rent · Studio rent | $1,421 (vs Virginia $1,492) |
| Fair Market Rent · One-bedroom rent | $1,602 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $1,824 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $2,218 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $2,731 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Charlottesville, VA MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $355,564 |
| Median Home Value | $325,900 (vs Virginia $382,500) |
| Median Rent | $1,981 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 7.5% |
| Housing Market · New construction (% of stock) | 8.6% |
| Housing Market · Price Appreciation 2Yr | 13.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 94.9% (vs Virginia 49.4%) |
| Broadband · Broadband-capable premises | 4,848 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 0.995901639 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 0.807377049 (vs Virginia 100.0%) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Other
| Homeownership Rate | 95.9% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1997 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12