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 $305,283, higher than the Missouri average of $246,641.

The average cost of rent is $1,208/mo in Old Monroe, primarily driven by the current value of real estate in the Old Monroe area. In Old Monroe, 21.01% of households rent, and 25.51% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Old Monroe is $8,581 per month. Households that rent pay about 14.08% of their income on rent here. Old Monroe’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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