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 $191,167, lower than the Virginia average of $323,261.
The average cost of rent is $819/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. While nearly 47.47% of residents own their homes outright in Monroe, 15.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $6,152 per month. Households that rent pay about 13.31% of their income on rent here. Monroe's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Elon, VA: higher priced homes
- Pedlar Mills, VA: higher priced homes
- Sweet Briar, VA: higher priced homes
- Coolwell, VA: less expensive homes
- Madison Heights, VA: less expensive homes
- Pleasant View, VA: equally priced homes
- Amherst, VA: equally priced homes
- Naola, VA: less expensive homes
- Coleman Falls, VA: higher priced homes
- Waugh, VA: higher priced homes
Cities with Similar Populations
- Lincolnville, ME: higher priced homes
- Spring Valley, WI: higher priced homes
- Moline, MI: higher priced homes
- Milford, ME: less expensive homes
- Milan, MO: less expensive homes
- Woodlynne, NJ: less expensive homes
- Kapaau, HI: higher priced homes
- Jane Lew, WV: less expensive homes
- Inez, TX: higher priced homes
- Hamersville, OH: less expensive homes
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