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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 $435,320, lower than the Oregon average of $502,078.
The average cost of rent is $1,355/mo in Monmouth, primarily driven by the current value of real estate in the Monmouth area. In Monmouth, 46.03% of households rent, and 29.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monmouth is $6,579 per month. Households that rent pay about 20.59% of their income on rent here. Monmouth’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Independence, OR: equally priced homes
- Fir Villa, OR: higher priced homes
- Parker, OR: higher priced homes
- Suver, OR: higher priced homes
- Dallas, OR: equally priced homes
- Eola, OR: higher priced homes
- Lewisville, OR: higher priced homes
- Sidney, OR: higher priced homes
- Oakdale, OR: less expensive 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: higher 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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