What percentage of people rent in Monticello, AR?

54.0% (±6.7 points) of the occupied homes in Monticello, AR are rented (2020–2024 American Community Survey).

That is 1,990 renting households against 1,698 that own their home.

In Monticello, the share of households that rent went from 44.9% in 2015–2019 to 54.0% in 2020–2024 (+9.1 percentage points), a measurable increase.

Figures last updated on .

Households that rent
54.0% (±6.7 points)
Renting households
1,990 (±307)
Median renter income
$21,692 (±$4,248)

Who rents and who owns in Monticello

Tenure, estimate (90% margin of error)
MonticelloDrew CountyArkansasUnited States
Renter-occupied share54.0% (±6.7 points)36.3% (±4.4 points)33.6% (±0.4 points)34.8%
Renting households1,990 (±307)2,611 (±339)405,123 (±3,925)45,017,354
Owning households1,698 (±245)4,585 (±368)800,864 (±6,305)84,210,142
Average renter household size1.8 (±0.2)1.9 (±0.2)2.3 (±0.0)2.3
Average owner household size2.4 (±0.2)2.5 (±0.1)2.5 (±0.0)2.6
Median renter household income$21,692 (±$4,248)$23,842 (±$4,109)$39,315 (±$589)$52,966
Median owner household income$53,333 (±$10,219)$55,734 (±$7,789)$75,473 (±$657)$100,009

In Monticello, the renter share is higher than in Drew County (36.3%).

It is also higher than in Arkansas (33.6%).

It is higher than the national figure (34.8%).

In Drew County, Monticello ranks 1 of 4 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 31 of 515.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Monticello has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent44.9% (±4.8 points)54.0% (±6.7 points)+9.1 percentage pointsMeasurable increase
Median gross rent$672 (±$99)$707 (±$55)+5.2%No measurable change after inflation
Median household income$36,496 (±$8,640)$27,238 (±$5,761)−25.4%Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Monticello

Nearest places with a published estimate, compared with Monticello
PlaceDistanceHouseholds that rentCompared with this place
Monticello—54.0% (±6.7 points)—
Wilmar7.8 mi25.4% (±17.4 points)Lower
Warren16 mi48.0% (±4.7 points)Not measurably different
Fountain Hill19 mi2.2% (±6.0 points)Lower
Tillar21 mi7.0% (±11.0 points)Lower
Reed21 mi13.5% (±12.5 points)Lower
Winchester21 mi31.8% (±22.9 points)Not measurably different
Dermott22 mi40.1% (±9.2 points)Lower
Star City22 mi38.9% (±11.6 points)Lower

Nearby places with a measurably lower figure: Wilmar, AR (25.4%), Fountain Hill, AR (2.2%), Tillar, AR (7.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Drew County, place by place

RankPlaceHouseholds that rent
1Monticello54.0% (±6.7 points)
2Winchester31.8% (±22.9 points)
3Wilmar25.4% (±17.4 points)
4Tillar7.0% (±11.0 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Monticello

How many renters are there in Monticello?

Monticello has an estimated 1,990 (±307) renting households, 54.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Monticello?

In Monticello, the share of households that rent went from 44.9% in 2015–2019 to 54.0% in 2020–2024 (+9.1 percentage points), a measurable increase.

How big are renting households in Monticello?

A renting household in Monticello has 1.8 people on average, against 2.4 in an owned home.

How much do renters earn in Monticello?

The median renting household in Monticello, AR has an income of $21,692 (±$4,248) a year, against $53,333 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Monticello city, Arkansas (place:46580, in state:05).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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