Lake Monticello, Virginia Demographics & Population 2026
During the 2020–2024 ACS period, Lake Monticello, Virginia had a total population of 10,662, the 122nd largest community in Virginia, with a median household income of $106,818, which is 15% higher than the state average. The poverty rate is 6.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Lake Monticello Quick Facts
How Lake Monticello Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 10,820 | 10,662 | -1.5% |
| Median household income | $101,363 | $106,818 | +5.4% |
| Median home value | $288,300 | $325,900 | +13.0% |
How Lake Monticello Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake Monticello Rankings in Virginia
Explore Virginia Rankings
Other Cities in Fluvanna County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Palmyra | 171 | N/A | 0.0% | N/A |
Cities Similar to Lake Monticello
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Triangle | 10,450 | $109,693 | $505,300 | 40.8% | 7.6% |
| Rockwood | 10,010 | $97,992 | $354,400 | 49.0% | 4.7% |
| Yorkshire | 9,782 | $112,829 | $451,000 | 27.3% | 17.8% |
| Lake Barcroft | 10,973 | $140,882 | $887,300 | 65.1% | 5.6% |
| Warrenton | 10,176 | $83,331 | $478,300 | 46.1% | 9.7% |
Population Overview
Lake Monticello is a small city located in Virginia, within Fluvanna County. The total population is 10,662. It ranks as the 122nd most populous out of 681 Census-designated places in Virginia.
Age Demographics
The median age in Lake Monticello is 42.1 years. This is 8% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Lake Monticello is $106,818. This is 15% higher than the state median of $93,170. It is also 32% higher than the national median of $80,734. The poverty rate stands at 6.7%. This is 33% lower than the state poverty rate of 9.9%. The unemployment rate is 3.0%. This is 31% lower than the state rate of 4.3%. The median home value is $325,900. Housing costs are 15% lower than the state median of $383,700. The home-value-to-income ratio is 3.1x. 95.9% of occupied housing units are owner-occupied. This homeownership rate is 42% higher than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Lake Monticello is White (non-Hispanic), making up 78.1% of the population. Hispanic or Latino residents account for 7.0%. The Black or African American population (6.9%) is well below the state average of 18.3%. The Asian population (0.4%) is well below the state average of 6.9%.
Education
51.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 23% higher than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.2%. Notably, 21.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lake Monticello, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lake Monticello, Virginia?
Lake Monticello, Virginia has a population of 10,662 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Monticello, VA?
The median household income in Lake Monticello is $106,818, which is 32% higher than the national median of $80,734.
What is the poverty rate in Lake Monticello, VA?
The poverty rate in Lake Monticello is 6.7%. This means approximately 710 residents live below the federal poverty line.
What is the racial makeup of Lake Monticello, Virginia?
Lake Monticello's population is 78.1% White, 6.9% Black, 7.0% Hispanic/Latino, and 0.4% Asian.
What is the median home value in Lake Monticello, VA?
The median home value in Lake Monticello is $325,900. The home-value-to-income ratio is 3.1x.
How educated is Lake Monticello, Virginia?
51.8% of adults (25+) in Lake Monticello hold a bachelor's degree or higher, and 21.6% hold a graduate or professional degree.