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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 $327,652, lower than the Maine average of $330,167.
The average cost of rent is $1,246/mo in Monmouth, primarily driven by the current value of real estate in the Monmouth area. In Monmouth, 21.69% of households rent, and 28.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth is $6,302 per month. Households that rent pay about 19.77% of their income on rent here. Monmouth’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Monmouth, ME: less expensive homes
- Wales Corner, ME: less expensive homes
- North Monmouth, ME: less expensive homes
- Litchfield, ME: less expensive homes
- Spears Corner, ME: less expensive homes
- Leeds, ME: less expensive homes
- Winthrop, ME: less expensive homes
- Litchfield Corners, ME: less expensive homes
- Leeds Junction, ME: less expensive homes
- Greene, ME: less expensive homes
Cities with Similar Populations
- Arlington, VT: less expensive homes
- Zionville, NC: less expensive homes
- Windham, CT: less expensive homes
- Winchester, NH: less expensive homes
- Westfield, NC: less expensive homes
- Unionville, MO: less expensive homes
- Taylor, AL: less expensive homes
- Sunset Valley, TX: higher priced homes
- Stillwater, NJ: equally priced homes
- Plattsburg, MO: less expensive homes
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