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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 $250,769, higher than the Indiana average of $232,932.
The average cost of rent is $875/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 10.20% of households rent, and 38.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $6,144 per month. Households that rent pay about 14.25% of their income on rent here. Monroe’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linn Grove, IN: less expensive homes
- Berne, IN: less expensive homes
- Honduras, IN: higher priced homes
- Rivare, IN: less expensive homes
- Decatur, IN: less expensive homes
- Willshire, OH: less expensive homes
- Peterson, IN: equally priced homes
- Vera Cruz, IN: higher priced homes
- Geneva, IN: less expensive homes
- Wren, OH: less expensive homes
Cities with Similar Populations
- Gowen, MI: equally priced homes
- Leland, MS: less expensive homes
- Parsons, TN: less expensive homes
- Madeira Beach, FL: higher priced homes
- Gothenburg, NE: equally priced homes
- Bloomfield, NY: less expensive homes
- Eubank, KY: less expensive homes
- Carlisle, KY: less expensive homes
- Bloomfield, IA: less expensive homes
- Blissfield, MI: less expensive homes
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