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Monticello

Monticello

Located in Wayne County

$171,994 Average Value
$119 Average Price per Sq Ft
16 Homes For Sale

Monticello is a small city experiencing growth near Lake Cumberland

While tourists and seasonal residents know Monticello because of Lake Cumberland, those who call the city home year-round love it for its community. “We’ve got that real hometown feel,” says Mayor Kenny Catron. That small-town atmosphere comes from the support of local businesses and events like the Lake Cumberland Fall Festival. However, with a fast-paced housing market and new employers coming to the city, Monticello is experiencing some welcome changes.

Lake Cumberland and Big South Fork offer outdoor recreation

At 101 miles long, Lake Cumberland is the largest manmade lake in the U.S. “You’ll see boats on this lake the size of the cigarette boats that are on the ocean, to your small fishing boats and pontoons,” Catron says. “There’s every size you can think of here.” Another common sight is houseboats, earning the lake the nickname “Houseboat Capital of the World.” Lake events include the annual Lake Cumberland Poker Run and fishing tournaments. Within 30 minutes or about 20 miles, people can reach Wayne County’s historic swinging bridges and the vast Big South Fork National River and Recreation Area. Spanning over 125,000 acres, Big South Fork has plenty of space to hike, bike and go rock climbing. “There’s just a lot of nature areas here,” Catron says.

Within city limits, recreation includes the almost-100-acre Monticello-Wayne County Memorial Park. There are athletic fields like tennis courts and baseball fields, playgrounds, shelters and a nine-hole disc golf course. Also in the park is the Aspire Community Center, which has an outdoor swimming pool and indoor basketball and pickleball courts.

Monticello’s housing market has a quicker turnaround than the U.S.

Sidewalks line Monticello’s residential streets, which have early-20th-century homes like National Folk and Craftsman styles or Tudor-inspired cottages. There are also ranch-style houses from the mid-20th century. Newer properties from the late 1900s and early 2000s are common along the lake. These often have more rustic designs, from A-frame cabins and modern farmhouses to custom-built lodges. Depending on size and condition, smaller homes range from $100,000 to $300,000. Larger ones cost $350,000 to $550,000. Manufactured homes are $50,000 to $210,000. “There’s a lot of property being sold in Monticello,” Catron says. Homes typically sell within 45 days, which is faster than the national average of 52 days.

Local restaurants include Black Stallion Steak House and The Boathouse

While there are a handful of chains, most people dine at Monticello’s local restaurants like Black Stallion Steak House. “If you want a good sit-down meal, you go to Black Stallion,” Catron says. He recommends City Pool Hall for its juicy hamburgers. “You put it in the bag, and the bottom falls out,” he says. People get a latte and a pastry from Happy Hopper’s Coffee & More. The Boathouse is on the lake, with a menu that ranges from seafood to Italian and Mexican dishes. Residents can find fresh produce at the Wayne County Farmers Market, which is on Saturday mornings during the summer. Otherwise, they do their shopping at Save A Lot and Walmart.

Students attend Wayne County Public Schools

As part of Wayne County Public Schools, children complete prekindergarten and kindergarten at Walker Early Learning Center. First and second graders attend Bell Elementary. Both schools receive a B-minus from Niche. Monticello Elementary has a C and serves third through fifth graders. Wayne County Middle School scores a C-plus. The B-minus-rated Wayne County High offers dual credit courses through Campbellsville University. Wayne County has school choice through intra-district open enrollment. Private education includes the unrated Immanuel Christian Academy.

Residents attend Wayne County Fair and Lake Cumberland Fall Festival

The Wayne County Fair & Horse Show is every summer and has carnival rides, food trucks, beauty pageants and 4-H competitions. Every October, the city hosts the Lake Cumberland Fall Fest, which has live music and over 50 food and craft vendors. Kids look forward to the Trick or Treat Trail. “All the local businesses and leaders and churches, they’ll have tables set up and the kids can walk this trail to get candy,” Catron says. The Monticello Market is a craft market on the first Saturday of the month from May to September.

Monticello is a car-dependent city about 110 miles from Lexington

Residents rely on cars, although they sometimes share the roads. “In the city streets, not on Main Street or on highways, you can drive golf carts too,” Catron says. State routes 90 and 92 intersect in the city; the former merges with Interstate 75 and leads about 110 miles to Lexington. Wayne County Airport is in Monticello, but it is only for private planes. The closest commercial airport is Blue Grass Airport in Lexington, which has nearly 20 nonstop destinations. Catron says that residents will also travel 120 miles to Knoxville or Nashville and Louisville, both about 150 miles away. Wayne County Hospital has an emergency room in the neighborhood.

Two new employers are coming to Monticello: Centaurus Farms’ medical cannabis facility, which should bring in about 100 jobs, and Provalus, a technology and cybersecurity company that is adding 200 jobs to the city. “The growth in Monticello is just unbelievable,” Catron says.

Zia Sampson
Written By
Zia Sampson

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Monticello Housing Trends

Housing Trends

Median List Price
$224,450
Median Sale Price
$185,500
Median Single Family Sale Price
$200,000
Median Townhouse Sale Price
$207,500
Median 2 Bedroom Sale Price
$114,000
Median Change From 1st List Price
9%
Last 12 months Home Sales
39
Median Home Sale Price YoY Change
16%
Average Price Per Sq Ft
$119

Area Facts

Number of Homes
2,062
Number of Homes for Sale
16
Median Year Built
1967
Months of Supply
4.90
Average Single Family Home Size Sq Ft
1,497
Significantly below the national average
1,926
Average Townhouse Size Sq Ft
1,747
Median Lot Size Sq Ft
18,730

Open Houses

  • Sunday, Oct 19
    Open Sun 2PM - 4PM

    930 Shaw Valley Rd, Monticello, KY 42633

    $284,900

    • 3 Beds
    • 2 Baths
    • 1,792 Sq Ft
    • 930 Shaw Valley Rd
    • New 24 days ago

    Charming Homestead on 3.8 Acres near Lake Cumberland! Come see the perfect blend of comfort, privacy, space, and natural beauty with this 3 bedroom, 2 bath home situated on 3.8 acres in Monticello, Kentucky. Whether you're looking for a peaceful retreat or a homestead-style property, this home offers it all, including fiber optic internet. The outside of the home has recently been redone with new

    Matthew Fouch Keller Williams Commonwealth - Somerset

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  • Sunday, Oct 19
    Open Sun 1PM - 3PM

    81 Eagles Bluff Rd, Monticello, KY 42633

    $350,000

    • 2 Beds
    • 2 Baths
    • 1,152 Sq Ft
    • 81 Eagles Bluff Rd

    LAKE LOVERS! Welcome to your perfect retreat near Lake Cumberland! This immaculate A- frame home was built in 2019 and offers 2 bedrooms, plus a huge loft for additional sleeping areas and 2 full bathrooms. The layout offers an open floor plan with a living room area and eat-in kitchen with island, making it the perfect spot to gather. The tall windows and natural light provide a peaceful

    Morgan Harris Lake Cumberland Real Estate Professionals

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  • Sunday, Oct 19
    Open Sun 1PM - 3PM

    1560 Bell Phipps Rd, Monticello, KY 42633

    $595,000

    • 4 Beds
    • 3.5 Baths
    • 2,177 Sq Ft
    • 1560 Bell Phipps Rd

    Square footage, garage and room count include primary residence and guesthouse. Guest house is currently rented or could be used as an Airbnb foradditional income. Located minutes from 2 concrete boat ramps on beautiful LakeCumberland and close to Beaver Creek Marina on 3 acres of secluded, woodedland.Primary residence features 12 ft. ceilings, crown molding, stained glass

    Farrah Dobbs Lake Cumberland Real Estate Professionals

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Monticello Has More Owners

Demographics

Total Population
5,564
Median Age
40
Population under 18
26.2%
On par with the national average
23.8%
Population over 65
19.5%
On par with the national average
19.1%

Finances

Median Household Income
$35,500
Significantly below the national average
$71,702
Average Household Income
$45,509

Education and Workforce

High School Graduates
74.3%
College Graduates
12.4%
Below the national average
34.1%
Advanced Degrees
6.6%
% Population in Labor Force
46.2%
Below the national average
65.1%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
25°F
Average Summer High Temperature
87°F
Annual Snowfall
7''

Area Factors

Somewhat Bikeable

Bike Score®®

20 / 100

Car-Dependent

Walk Score®®

3 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Monticello