Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monson area can be challenging. Home prices in Monson are now at a median cost of $264,114, lower than the Massachusetts average of $477,554.
The average cost of rent is $858/mo in Monson, primarily driven by the current value of real estate in the Monson area. While nearly 34.14% of residents own their homes outright in Monson, 18.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monson is $5,986 per month. Households that rent pay about 14.34% of their income on rent here. Monson's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Tennyville, MA: equally priced homes
- South Monson, MA: equally priced homes
- Wales, MA: less expensive homes
- Palmer Town, MA: less expensive homes
- Hampden, MA: higher priced homes
- Palmer, MA: equally priced homes
- Brimfield, MA: higher priced homes
- Wilbraham, MA: higher priced homes
- Staffordville, CT: less expensive homes
- Orcutts, CT: less expensive homes
Cities with Similar Populations
- Lake City, MN: less expensive homes
- Purchase, NY: higher priced homes
- Loranger, LA: less expensive homes
- Lee, NH: higher priced homes
- Lebanon, CT: equally priced homes
- Lascassas, TN: higher priced homes
- Lancaster, WI: less expensive homes
- Lakeland, GA: less expensive homes
- Lake Los Angeles, CA: less expensive homes
- Rainier, OR: higher priced homes
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