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Monte Rio

Learn about the people, housing, costs and businesses in Monte Rio, California

Median Home$632,181
Median Rent$1,530/month
Population994
Leading IndustriesTransportation · Healthcare · Arts, Food & Hospitality6% transportation
Home Value Growth-8.4% over 2 years
Retirees40% of residentstop 2% nationally
Homeowners80% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Monte Rio
CA

Frequently Asked Questions

What are today's mortgage rates in Monte Rio?

As of today, the 30-year fixed mortgage rate for Monte Rio is approximately 6.843% (6.877% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Monte Rio?

The median home value in Monte Rio is $632k. The median monthly rent is $1,530. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monte Rio?

Home values in Monte Rio have decreased 8.4% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Monte Rio?

Based on a typical all-in ownership cost of $1,716/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monte Rio is $76k/year.

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What industries drive the economy in Monte Rio?

The largest employment sectors in Monte Rio are public administration (19%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.