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Affordable
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These days, finding an affordable place to live in the Monument area can be challenging. Home prices in Monument are now at a median cost of $766,538, higher than the Colorado average of $579,698.
The average cost of rent is $2,020/mo in Monument, primarily driven by the current value of real estate in the Monument area. In Monument, 14.83% of households rent, and 23.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monument is $14,325 per month. Households that rent pay about 14.10% of their income on rent here. Monument’s most expensive areas are in the northeastern 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
- Woodmoor, CO: equally priced homes
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- Larkspur, CO: higher priced homes
- Cascade-Chipita Park, CO: equally priced homes
- Woodland Park, CO: less expensive homes
- Elbert, CO: equally priced homes
Cities with Similar Populations
- La Palma, CA: higher priced homes
- Lihue, HI: equally priced homes
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- Lamont, CA: less expensive homes
- Lafollette, TN: less expensive homes
- Lafayette, GA: less expensive homes
- Laconia, NH: less expensive homes
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