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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 $91,921, lower than the Illinois average of $242,002.
The average cost of rent is $660/mo in Monmouth, primarily driven by the current value of real estate in the Monmouth area. While nearly 43.17% of residents own their homes outright in Monmouth, 25.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth is $5,045 per month. Households that rent pay about 13.09% of their income on rent here. Monmouth's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Ormonde, IL: higher priced homes
- Kirkwood, IL: equally priced homes
- Gerlaw, IL: higher priced homes
- Rozetta, IL: higher priced homes
- Cameron, IL: equally priced homes
- Little York, IL: equally priced homes
- Berwick, IL: higher priced homes
- Alexis, IL: equally priced homes
- Shanghai City, IL: less expensive homes
- Smithshire, IL: higher priced homes
Cities with Similar Populations
- Rocky Point, NC: higher priced homes
- Lake City, SC: higher priced homes
- Lasalle, IL: higher priced homes
- Le Mars, IA: higher priced homes
- Leesville, SC: higher priced homes
- Leonardtown, MD: higher priced homes
- Lewiston, NY: higher priced homes
- Rising Sun, MD: higher priced homes
- River Grove, IL: higher priced homes
- Rockwood, TN: higher priced homes
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