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Affordable
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These days, finding an affordable place to live in the Monahans area can be challenging. Home prices in Monahans are now at a median cost of $134,700, lower than the Texas average of $322,096.
The average cost of rent is $1,122/mo in Monahans, primarily driven by the current value of real estate in the Monahans area. In Monahans, 22.98% of households rent, and 68.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monahans is $5,941 per month. Households that rent pay about 18.89% of their income on rent here. Monahans’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thorntonville, TX: equally priced homes
- Wickett, TX: higher priced homes
- Pyote, TX: higher priced homes
- Penwell, TX: equally priced homes
- Barstow, TX: higher priced homes
- Pecos, TX: equally priced homes
- Midkiff, TX: higher priced homes
- Stiles, TX: higher priced homes
- St. Lawrence, TX: higher priced homes
- Water Valley, TX: higher priced homes
Cities with Similar Populations
- Lanoka Harbor, NJ: higher priced homes
- Lacombe, LA: higher priced homes
- Ladue, MO: higher priced homes
- Lago Vista, TX: higher priced homes
- Lagrange, IN: higher priced homes
- Lake Alfred, FL: higher priced homes
- Lake Arbor, MD: higher priced homes
- Lake Bluff, IL: higher priced homes
- Lampasas, TX: higher priced homes
- Landenberg, PA: higher priced homes
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