Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 11,793 people, 3,798 houses or apartments, and a median cost of homes of $811,281, real estate costs in Monument are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.
Monument is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Monument than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monument. Owner-occupied housing accounts for 81.17% of Monument's homes, and 62.60% have either three or four bedrooms, which is average sized relative to America.
Monument homes and real estate are some of the newest in America. 72.97% of Monument's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Monument real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.98%), and before 1939 ( 1.65%). There's also some housing in Monument built between 1940-1969 ( 1.40%).
Appreciation rates for homes in Monument have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.69%, which ranks in the top 40% nationwide. This equates to an annual average Monument house appreciation rate of 6.94%.
Over the last year, Monument appreciation rates have trailed the rest of the nation. In the last twelve months, Monument's appreciation rate has been 2.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monument were at 0.35%, which equates to an annual appreciation rate of 1.41%.
Notably, Monument's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Monument's latest annual appreciation rate is lower than 60% of the other cities and towns in Colorado.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Monument differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Monument - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Monument real estate investment or home purchase decisions.
$811,281
for Colorado
for nation
3,798
$2,709 / per month