Home Price Key
Affordable
Average
Expensive
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 $313,178, lower than the Oregon average of $365,363.
The average cost of rent is $1,094/mo in Monmouth, primarily driven by the current value of real estate in the Monmouth area. While nearly 37.81% of residents own their homes outright in Monmouth, 56.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth is $5,174 per month. Households that rent pay about 21.14% of their income on rent here. Monmouth's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Independence, OR: less expensive homes
- Fir Villa, OR: higher priced homes
- Parker, OR: higher priced homes
- Suver, OR: equally priced homes
- Dallas, OR: less expensive homes
- Eola, OR: higher priced homes
- Lewisville, OR: higher priced homes
- Sidney, OR: higher priced homes
- Oakdale, OR: equally priced homes
- Ellendale, OR: higher priced homes
Cities with Similar Populations
- Lanett, AL: less expensive homes
- Saltillo, MS: less expensive homes
- Salisbury, NY: higher priced homes
- Los Alamos, NM: equally priced homes
- Loomis, CA: higher priced homes
- Longs, SC: less expensive homes
- Lincolnwood, IL: higher priced homes
- Leicester, NC: less expensive homes
- Leeds, AL: less expensive homes
- Laurel, MT: less expensive homes
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