Lake Monticello, VA 22902 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. 456,500 is the neighborhood's median sold price and serves as the primary indicator of current market value and recent transaction activity; this level, combined with a median listing price of 452,450, suggests seller expectations are roughly aligned with recent closed transactions (representative recent sale).
2. The market shows slower liquidity with a median days on market of 360, which may indicate longer marketing times and greater pricing friction for sellers rather than immediate turnover (down in price year-over-year supports softer conditions).
3. Pricing intensity at the property level is moderate with a median price per square foot of 271, which should be used as a benchmark for comparative valuation when underwriting listings or offers in this area (neutral market temperature).
4. Rental market signals diverge from sales: median market rent is 1,995 and rent year-over-year trend is up, while interest rate pressure is elevated; investors should weigh rising rents against higher financing costs and slower sales velocity when assessing buy-and-hold opportunities.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.