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These days, finding an affordable place to live in the Monon area can be challenging. Home prices in Monon are now at a median cost of $109,798, lower than the Indiana average of $232,932.
The average cost of rent is $861/mo in Monon, primarily driven by the current value of real estate in the Monon area. In Monon, 25.23% of households rent, and 43.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monon is $4,072 per month. Households that rent pay about 21.14% of their income on rent here. Monon’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Indiana Beach, IN: higher priced homes
- Lee, IN: higher priced homes
- Buffalo, IN: higher priced homes
- Reynolds, IN: higher priced homes
- Sitka, IN: higher priced homes
- Francesville, IN: higher priced homes
- McCoysburg, IN: higher priced homes
- Monticello, IN: higher priced homes
- Smithson, IN: higher priced homes
- Wolcott, IN: higher priced homes
Cities with Similar Populations
- Au Gres, MI: higher priced homes
- Auberry, CA: higher priced homes
- Boutte, LA: higher priced homes
- Callaway, MD: higher priced homes
- Chesapeake City, MD: higher priced homes
- Chester Heights, PA: higher priced homes
- White Springs, FL: equally priced homes
- Liberty, MS: equally priced homes
- Magnolia, NC: higher priced homes
- Rickman, TN: higher priced homes
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