Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Monmouth area can be challenging. Home prices in Monmouth are now at a median cost of $157,649, lower than the Iowa average of $226,062.
The average cost of rent is $920/mo in Monmouth, primarily driven by the current value of real estate in the Monmouth area. In Monmouth, 10.15% of households rent, and 53.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth is $5,530 per month. Households that rent pay about 16.64% of their income on rent here. Monmouth’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Baldwin, IA: equally priced homes
- Onslow, IA: equally priced homes
- Emeline, IA: higher priced homes
- Ironhills, IA: higher priced homes
- Nashville, IA: equally priced homes
- Wyoming, IA: less expensive homes
- Center Junction, IA: higher priced homes
- Scotch Grove, IA: higher priced homes
- Oxford Junction, IA: less expensive homes
- Bernard, IA: higher priced homes
Cities with Similar Populations
- Gober, GA: higher priced homes
- Greenwood Springs, MS: equally priced homes
- Greenway, AR: less expensive homes
- Greencreek, ID: higher priced homes
- Grayson, OK: less expensive homes
- Grand Detour, IL: higher priced homes
- Goodman, WI: equally priced homes
- Golden Shores, AZ: higher priced homes
- Gold Rock, NC: less expensive homes
- Grenville, SD: higher priced homes
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