Home Price Key
Affordable
Average
Expensive
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 $113,636, lower than the Indiana average of $175,617.
The average cost of rent is $807/mo in Monon, primarily driven by the current value of real estate in the Monon area. While nearly 46.76% of residents own their homes outright in Monon, 20.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monon is $5,022 per month. Households that rent pay about 16.07% of their income on rent here. Monon's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Indiana Beach, IN: higher priced homes
- Lee, IN: equally priced homes
- Buffalo, IN: higher priced homes
- Reynolds, IN: higher priced homes
- Sitka, IN: equally priced homes
- Francesville, IN: higher priced homes
- McCoysburg, IN: higher priced homes
- Monticello, IN: higher priced homes
- Smithson, IN: higher priced homes
- Wolcott, IN: equally 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: less expensive homes
- Liberty, MS: less expensive homes
- Magnolia, NC: less expensive homes
- Rickman, TN: higher priced homes
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