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 $146,750, lower than the Iowa average of $182,666.
The average cost of rent is $724/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. While nearly 33.52% of residents own their homes outright in Monroe, 20.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $5,970 per month. Households that rent pay about 12.13% of their income on rent here. Monroe's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Reasnor, IA: higher priced homes
- Prairie City, IA: higher priced homes
- Killduff, IA: higher priced homes
- Otley, IA: higher priced homes
- Lambs Grove, IA: higher priced homes
- Newton, IA: equally priced homes
- Vandalia, IA: higher priced homes
- Colfax, IA: equally priced homes
- Goddard, IA: higher priced homes
- Sully, IA: higher priced homes
Cities with Similar Populations
- Fall Creek, WI: higher priced homes
- Central Gardens, TX: higher priced homes
- Centre Hall, PA: higher priced homes
- Farley, KY: less expensive homes
- Centreville, IL: less expensive homes
- Kirbyville, TX: less expensive homes
- Chandler, OK: equally priced homes
- Falmouth, KY: less expensive homes
- Chariton, IA: less expensive homes
- Falls City, NE: less expensive homes
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