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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 $232,201, lower than the Maine average of $330,167.
The average cost of rent is $1,027/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 14.28% of households rent, and 51.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $6,670 per month. Households that rent pay about 15.40% of their income on rent here. Monroe’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Monroe, ME: equally priced homes
- Frankfort, ME: less expensive homes
- Swanville, ME: equally priced homes
- Fosters Corner, ME: less expensive homes
- Jackson, ME: equally priced homes
- Winterport, ME: higher priced homes
- Dixmont, ME: less expensive homes
- Brooks, ME: less expensive homes
- Waldo, ME: less expensive homes
- Searsport, ME: equally priced homes
Cities with Similar Populations
- Tiff City, MO: equally priced homes
- Fair Oak Springs, MS: less expensive homes
- Fiddletown, CA: higher priced homes
- Fitzwilliam Depot, NH: higher priced homes
- Flagg Center, IL: less expensive homes
- Flat Rock, OH: less expensive homes
- Teddy, KY: less expensive homes
- Tehuacana, TX: less expensive homes
- Terlingua, TX: equally priced homes
- Terrill, KY: less expensive homes
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