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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 $454,834, lower than the New York average of $610,895.
The average cost of rent is $2,271/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 14.59% of households rent, and 31.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $10,300 per month. Households that rent pay about 22.05% of their income on rent here. Monroe’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harriman, NY: equally priced homes
- Kiryas Joel, NY: higher priced homes
- Arden, NY: higher priced homes
- Greycourt, NY: equally priced homes
- South Blooming Grove, NY: higher priced homes
- Central Valley, NY: higher priced homes
- Sugar Loaf, NY: less expensive homes
- Chester, NY: equally priced homes
- Southfields, NY: higher priced homes
- Highland Mills, NY: higher priced homes
Cities with Similar Populations
- Mckees Rocks, PA: less expensive homes
- Monroe, WA: higher priced homes
- Mocksville, NC: less expensive homes
- Minneola, FL: less expensive homes
- Millington, TN: less expensive homes
- Millbrae, CA: higher priced homes
- Miami Springs, FL: higher priced homes
- Menomonie, WI: less expensive homes
- Medford, NJ: higher priced homes
- Montclair, VA: higher priced homes
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