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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 $219,304, lower than the Texas average of $322,096.
The average cost of rent is $1,002/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 16.73% of households rent, and 54.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $5,321 per month. Households that rent pay about 18.84% of their income on rent here. Monroe’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Cherokee, TX: higher priced homes
- Lakeport, TX: less expensive homes
- Oak Hill, TX: higher priced homes
- Danville, TX: less expensive homes
- Easton, TX: higher priced homes
- Pirtle, TX: equally priced homes
- Rolling Meadows, TX: less expensive homes
- Kilgore, TX: less expensive homes
- Tatum, TX: less expensive homes
- Greggton, TX: less expensive homes
Cities with Similar Populations
- Swords, GA: higher priced homes
- Forest Knolls, CA: higher priced homes
- Freeman, VA: less expensive homes
- Spickard, MO: less expensive homes
- Springville, LA: less expensive homes
- Steward, IL: equally priced homes
- Sulphur Springs, CA: higher priced homes
- Summerfield, OH: higher priced homes
- Surveyor, WV: less expensive homes
- Foraker, IN: higher priced homes
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