Expensive
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 $284,283, higher than the Ohio average of $236,816.
The average cost of rent is $1,616/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 19.99% of households rent, and 30.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $8,755 per month. Households that rent pay about 18.45% of their income on rent here. Monroe’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Middletown, OH: less expensive homes
- Otterbein, OH: higher priced homes
- Trenton, OH: less expensive homes
- West Chester, OH: higher priced homes
- Mason, OH: higher priced homes
- Hageman, OH: higher priced homes
- Overpeck, OH: less expensive homes
- Franklin, OH: less expensive homes
- Red Lion, OH: higher priced homes
- New Miami, OH: less expensive homes
Cities with Similar Populations
- Lewisville, NC: higher priced homes
- Ludington, MI: less expensive homes
- Lowell, MI: higher priced homes
- Lowell, IN: equally priced homes
- Louisburg, NC: less expensive homes
- Longmeadow, MA: higher priced homes
- Livingston, CA: higher priced homes
- Live Oak, TX: less expensive homes
- Linden, MI: equally priced homes
- Lindale, TX: equally priced homes
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