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 $391,089, higher than the Connecticut average of $357,181.
The average cost of rent is $1,368/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. While nearly 27.91% of residents own their homes outright in Monroe, 9.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $10,627 per month. Households that rent pay about 12.87% of their income on rent here. Monroe's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Cedarhurst, CT: equally priced homes
- Trumbull, CT: equally priced homes
- Shelton, CT: less expensive homes
- Sandy Hook, CT: equally priced homes
- Easton, CT: higher priced homes
- Newtown, CT: equally priced homes
- Derby, CT: less expensive homes
- Ansonia, CT: less expensive homes
- Oxford, CT: equally priced homes
- Seymour, CT: less expensive homes
Cities with Similar Populations
- Mukwonago, WI: less expensive homes
- Pampa, TX: less expensive homes
- Newton, KS: less expensive homes
- Newton, IA: less expensive homes
- Newton Center, MA: higher priced homes
- Newport, NC: less expensive homes
- Newberry, SC: less expensive homes
- New Haven, IN: less expensive homes
- Nevada City, CA: higher priced homes
- Muscle Shoals, AL: less expensive homes
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