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 $138,739, lower than the Tennessee average of $218,916.
The average cost of rent is $700/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. While nearly 76.42% of residents own their homes outright in Monroe, 7.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $3,445 per month. Households that rent pay about 20.31% of their income on rent here. Monroe's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Alpine, TN: less expensive homes
- Allons, TN: less expensive homes
- Riverton, TN: equally priced homes
- St. John, TN: higher priced homes
- Byrdstown, TN: higher priced homes
- Moodyville, TN: higher priced homes
- Allred, TN: less expensive homes
- Livingston, TN: equally priced homes
- Holly Springs, TN: equally priced homes
- Manson, TN: less expensive homes
Cities with Similar Populations
- Wales, MA: higher priced homes
- Greenwood, CA: higher priced homes
- Grundy, VA: equally priced homes
- Hookerton, NC: less expensive homes
- Alger, MI: less expensive homes
- Woodville, AL: less expensive homes
- Willisburg, KY: less expensive homes
- Waterford, OH: higher priced homes
- Landisburg, PA: higher priced homes
- Laurel Park, NC: higher priced homes
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