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 $462,400, higher than the Colorado average of $430,259.
The average cost of rent is $871/mo in Monarch, primarily driven by the current value of real estate in the Monarch area. While nearly 28.87% of residents own their homes outright in Monarch, 18.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monarch is $6,860 per month. Households that rent pay about 12.70% of their income on rent here. Monarch's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Maysville, CO: higher priced homes
- Poncha Springs, CO: equally priced homes
- Salida, CO: equally priced homes
- St. Elmo, CO: higher priced homes
- Smeltertown, CO: equally priced homes
- Sargents, CO: less expensive homes
- Pitkin, CO: less expensive homes
- Nathrop, CO: equally priced homes
- Villa Grove, CO: less expensive homes
- Wellsville, CO: less expensive homes
Cities with Similar Populations
- Scholls, OR: higher priced homes
- Sand Cut, FL: less expensive homes
- Sand Lake, TX: less expensive homes
- Sand Springs, MT: less expensive homes
- Sanderson, WV: less expensive homes
- Sandy Bend, AR: less expensive homes
- Sanford, KS: less expensive homes
- Saranac, LA: less expensive homes
- Saratoga, FL: less expensive homes
- Sargents, CO: less expensive homes
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