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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 $312,563, lower than the Georgia average of $324,634.
The average cost of rent is $1,198/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 26.64% of households rent, and 37.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $6,411 per month. Households that rent pay about 18.68% of their income on rent here. Monroe’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Between, GA: higher priced homes
- Campton, GA: higher priced homes
- Pannell, GA: equally priced homes
- Jersey, GA: equally priced homes
- Good Hope, GA: higher priced homes
- Bethlehem, GA: higher priced homes
- Walnut Grove, GA: equally priced homes
- Windsor, GA: higher priced homes
- Loganville, GA: higher priced homes
- High Shoals, GA: higher priced homes
Cities with Similar Populations
- Aventura, FL: higher priced homes
- Woodlawn, MD: equally priced homes
- Willowbrook, CA: higher priced homes
- Bettendorf, IA: equally priced homes
- Dorado, PR: less expensive homes
- Nicholasville, KY: equally priced homes
- Rockledge, FL: higher priced homes
- Ringgold, GA: equally priced homes
- Redmond, OR: higher priced homes
- Raeford, NC: less expensive homes
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