Monaco is a suburb which lies within the Territorial Authority of Nelson, one of 30 residential suburbs which form the wider region. Monaco is the 19th largest suburb of Nelson in terms of the total number of residential housing stock. Monaco provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Monaco is made up of approximately 97% residential housing and 3% residential investment housing properties.