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These days, finding an affordable place to live in the Monona area can be challenging. Home prices in Monona are now at a median cost of $163,672, lower than the Iowa average of $226,062.
The average cost of rent is $1,043/mo in Monona, primarily driven by the current value of real estate in the Monona area. In Monona, 25.63% of households rent, and 36.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monona is $6,194 per month. Households that rent pay about 16.83% of their income on rent here. Monona’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Watson, IA: higher priced homes
- Luana, IA: higher priced homes
- Farmersburg, IA: equally priced homes
- Volney, IA: higher priced homes
- Froelich, IA: equally priced homes
- St. Olaf, IA: less expensive homes
- Postville, IA: less expensive homes
- Gunder, IA: equally priced homes
- McGregor, IA: higher priced homes
- Marquette, IA: higher priced homes
Cities with Similar Populations
- Afton, NY: less expensive homes
- Sandy Lake, PA: higher priced homes
- Southmont, PA: less expensive homes
- Stockton, UT: higher priced homes
- Driscoll, TX: higher priced homes
- Mona, UT: higher priced homes
- Cold Springs, NV: higher priced homes
- Chualar, CA: higher priced homes
- Chevy Chase Village, MD: higher priced homes
- Wildwood, GA: equally priced homes
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