Commercial Real Estate Market in Monticello, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
75 active listings and 788 off-market properties in Monticello, AR. Commercial property asks $1/SF to buy and $17.68/SF/Yr to lease.
Market Trends
Monticello, AR spans 365.7 square miles in Drew County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monticello, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Monticello, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Monticello, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Monticello, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Monticello, AR has 14,458 residents in 6,659 households. Density runs 40 people per square mile. Median household income here is $40,878 and median gross rent $703 a month.
14,458
Population
6,659
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
365.7 sq mi
ZIP Area
40
Density / Sq Mi
$40,878
Median Household Income
$32,874
Median Earnings
$703
Median Rent
$132,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Florence | — | — |
| Tennessee | — | — |
| Green Hill | — | — |
| Wilmar | — | — |
Commercial property in Monticello, AR asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monticello?
Commercial property in Monticello, AR asks an average of $1 per square foot. The 4 most recent recorded sales traded at a median of $42/SF.
How much does it cost to lease commercial space in Monticello?
Asking lease rates in Monticello, AR average $17.68 per square foot per year.
Where does Realmo's Monticello market data come from?
Realmo compiles Monticello, AR figures from 4 recent recorded sales, 71 active sale listings, 4 active lease listings, 788 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 4 active for-lease listings in Monticello, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
