Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monarch area can be challenging. Home prices in Monarch are now at a median cost of $146,846, lower than the Arkansas average of $160,541.
The average cost of rent is $806/mo in Monarch, primarily driven by the current value of real estate in the Monarch area. While nearly 61.87% of residents own their homes outright in Monarch, 6.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monarch is $3,362 per month. Households that rent pay about 23.99% of their income on rent here. Monarch's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- South Lead Hill, AR: less expensive homes
- Lakeway, AR: higher priced homes
- Lead Hill, AR: less expensive homes
- Diamond City, AR: less expensive homes
- Peel, AR: higher priced homes
- Zinc, AR: equally priced homes
- Pyatt, AR: less expensive homes
- Snow, AR: equally priced homes
- Bergman, AR: equally priced homes
- Yellville, AR: equally priced homes
Cities with Similar Populations
- Shaw, KS: equally priced homes
- Lockhart, WV: equally priced homes
- Lonepine, MT: higher priced homes
- Longdale Furnace, VA: less expensive homes
- Lookout, CA: equally priced homes
- Loudville, MA: higher priced homes
- Louisburg, WI: higher priced homes
- Louvale, GA: higher priced homes
- Lower Bartlett, NH: higher priced homes
- Luckenbach, TX: higher priced homes
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