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Lake Monticello, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
10,662
Population
$106,818
Median Income
$325,900
Home Value
42.1
Median Age

Demographics

Lake Monticello has a population of 10,662 with a median age of 42.1. Here is the racial and ethnic breakdown of the population:

White
78.7%
Hispanic
7.0%
Other
7.0%
Black
6.9%
Demographic Value
Total Population10,662
Median Age42.1
White78.7%
Black or African American6.9%
Asian0.4%
Hispanic or Latino7.0%
Other / Two or More Races7.0%
Lake Monticello, Virginia — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 78.7%Hispanic/Latino: 7.0%Other: 7.0%Black: 6.9%Other: 0.4%10,662PopulationWhiteWhite78.7%Hispanic/LatinoHispanic/Latino7.0%OtherOther7.0%BlackBlack6.9%OtherOther0.4%

Income & Economy

The median household income in Lake Monticello is $106,818, which is 32.5% above the national median of $80,610. The per capita income is $54,583. The poverty rate is 6.7%.

$106,818
Median Household Income
$54,583
Per Capita Income
6.7%
Poverty Rate

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Education

In Lake Monticello, 98.2% of residents age 25+ have a high school diploma or higher, and 51.8% hold a bachelor's degree or higher (21.6% with a graduate or professional degree).

HS Diploma+
98.2%
Bachelor's+
51.8%
Graduate+
21.6%
Education Level % of Adults (25+)
High School Diploma or Higher98.2%
Bachelor's Degree or Higher51.8%
Graduate or Professional Degree21.6%

Housing

The median home value in Lake Monticello is $325,900, above the national median of $303,400. The median monthly rent is $1,981. The homeownership rate is 95.9%.

$325,900
Median Home Value
$1,981/mo
Median Rent
95.9%
Homeownership Rate
Housing Metric Value
Median Home Value$325,900
Median Monthly Rent$1,981
Homeownership Rate95.9%
Vacancy Rate8.4%

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Frequently Asked Questions

What is the population of Lake Monticello, Virginia?
The population of Lake Monticello, Virginia is 10,662 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Monticello, Virginia?
The median household income in Lake Monticello, Virginia is $106,818. This is 32.5% above the national median of $80,610.
What is the median home value in Lake Monticello, Virginia?
The median home value in Lake Monticello, Virginia is $325,900. The median monthly rent is $1,981.
What percentage of people in Lake Monticello have a college degree?
In Lake Monticello, Virginia, 51.8% of adults age 25 and older hold a bachelor's degree or higher, and 98.2% have a high school diploma or higher.
Is Lake Monticello, Virginia an affordable place to live?
The home price-to-income ratio in Lake Monticello, Virginia is 3.1x (median home value $325,900 vs. median income $106,818), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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