Expensive
Affordable
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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 $536,856, higher than the Connecticut average of $418,901.
The average cost of rent is $1,538/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 4.26% of households rent, and 27.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $14,021 per month. Households that rent pay about 10.97% of their income on rent here. Monroe’s most expensive areas are in the northern 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
- 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: less expensive 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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