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Affordable
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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 $26,174, lower than the West Virginia average of $177,366.
The average cost of rent is $722/mo in Monson, primarily driven by the current value of real estate in the Monson area. In Monson, 45.33% of households rent, and 83.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monson is $2,623 per month. Households that rent pay about 27.52% of their income on rent here. Monson’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Caretta, WV: higher priced homes
- Gary, WV: higher priced homes
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- Premier, WV: higher priced homes
- Cucumber, WV: equally priced homes
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- Yukon, WV: higher priced homes
- Mohegan, WV: higher priced homes
Cities with Similar Populations
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- Romero, TX: higher priced homes
- Rosecrans, IL: higher priced homes
- Roseland, AR: higher priced homes
- Rossie, IA: higher priced homes
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