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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 $690,637, higher than the Washington average of $621,115.
The average cost of rent is $2,202/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. In Monroe, 25.87% of households rent, and 25.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $9,501 per month. Households that rent pay about 23.17% of their income on rent here. Monroe’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Monroe North, WA: higher priced homes
- Monroe Junction, WA: higher priced homes
- Woods Creek, WA: higher priced homes
- Snohomish, WA: higher priced homes
- Silver Firs, WA: higher priced homes
- Duvall, WA: higher priced homes
- Clearview, WA: higher priced homes
- Sultan, WA: less expensive homes
- Cottage Lake, WA: higher priced homes
- Bunk Foss, WA: higher priced homes
Cities with Similar Populations
- Nogales, AZ: less expensive homes
- Plainview, TX: less expensive homes
- Penfield, NY: less expensive homes
- Pelham, AL: less expensive homes
- Pecan Grove, TX: less expensive homes
- Pascagoula, MS: less expensive homes
- Panama City Beach, FL: less expensive homes
- Palmetto Bay, FL: higher priced homes
- Palatka, FL: less expensive homes
- Pleasantville, NJ: less expensive homes
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