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Additional information
Abstract
The number of inhabitants in Monthey has risen to 18,446 in the past 3 years. This is an increase of 3.08%.
Population data
On average, people earn CHF 61,895 annually. 14.43% of residents hold a university degree, 7.48% have completed higher vocational education and 45.33% have an SEK II qualification. Additionally, 32.75% of residents are currently attending school. The residential area is prestigious thanks to its high social standards and educated population. Approximately 1.75% of the population is presently unemployed.
Taxes
The region has an overall tax burden of 13.07%. The actual proportion of tax paid varies from person to person and is based on aspects such as current income, marital status, the overall level of deductions and so on. In Monthey, for instance, a married couple on a pension (over 65) pays an average of 17.64% tax, a married couple with two children 6.85% and a couple with no children 11.88%. The tax rate for an unmarried person without children is 20.05%.
The property market in general
New construction
Over the last 5 years, 796 apartments have been created in Monthey. Of these new apartments, a total of 66 apartments have exactly one room. The number of new 2-room apartments is 249. In addition, 210 3-room apartments and 191 4-room apartments have been constructed. 51 apartments with 5 rooms and 29 apartments with 6 or more rooms have been added to the supply on the housing market.
Housing stock
Due to new construction, the housing stock in Monthey has grown, and there are now a total of 9,489 apartments. The total number of 1-room apartments amounts to 688. The total number of properties amounts to 1,376 apartments with 2 rooms, 3,001 apartments with 3 rooms and 2,976 apartments with 4 rooms. Finally, 997 5-room apartments and 451 spacious apartments with 6 or more rooms are available in the area.
Unoccupied apartments
The vacancy rate in Monthey is 0.37%. This means that 0.58% of the 1-room apartments, 0.29% of apartments with 2 rooms, 0.57% of all 3-room apartments, 0.24% of the apartments with 4 rooms and 0.2% of apartments with 5 rooms are currently empty. Apartments with more than 5 rooms have a vacancy rate of 0.21%; of that number, 0.22% are apartments with more than 6 rooms.
Housing market (rental only)
Rental properties are offered at an average rent of CHF 1,398 per month. A quarter of rents are cheaper than or equivalent to a monthly rent of CHF 1,150 (25th percentile). 75% of monthly rents are less than CHF 1,642 (75th percentile), or they are equal to this average price.
ZIP of Les Giettes
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