Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monroe area can be challenging. Home prices in Monroe are now at a median cost of $72,999, lower than the Arkansas average of $160,541.
The average cost of rent is $560/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. While nearly 69.71% of residents own their homes outright in Monroe, 19.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $4,528 per month. Households that rent pay about 12.37% of their income on rent here. Monroe's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Rich, AR: higher priced homes
- Moro, AR: higher priced homes
- Holly Grove, AR: equally priced homes
- Aubrey, AR: less expensive homes
- Spring Creek, AR: less expensive homes
- Smale, AR: equally priced homes
- Clarendon, AR: higher priced homes
- Brinkley, AR: equally priced homes
- Vineyard, AR: equally priced homes
- Preston Ferry, AR: equally priced homes
Cities with Similar Populations
- Sand Ridge, WV: equally priced homes
- Monie, MD: higher priced homes
- Montana, KS: higher priced homes
- Montgomery Heights, WV: equally priced homes
- Moodyville, TN: higher priced homes
- Moro Bay, AR: less expensive homes
- Morrison Heights, NY: higher priced homes
- Morrows Corner, PA: higher priced homes
- Moscow, MD: higher priced homes
- Mount Carmel, UT: higher priced homes
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