The Most Affordable Neighborhoods in Old Monroe, MO by Home Value

 

Old Monroe, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Old Monroe area can be challenging. Home prices in Old Monroe are now at a median cost of $205,430, higher than the Missouri average of $194,908.

The average cost of rent is $613/mo in Old Monroe, primarily driven by the current value of real estate in the Old Monroe area. While nearly 33.07% of residents own their homes outright in Old Monroe, 20.42% rent.

Housing affordability isn’t just about home prices, though. The average household income in Old Monroe is $6,599 per month. Households that rent pay about 9.30% of their income on rent here. Old Monroe's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.


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