Home prices
The median home in Monmouth costs $225,100. This is approximately $17,740 (8%) higher in comparison to other places in this area.Compared to the rest of the nation it is roughly $7,600 (3%) higher, and compared to the city of Portland is roughly $186,900 (45%) lower.
Rents
In Monmouth the median monthly rent is $1,014. Compared to nearby areas this is roughly $62 (5%) lower.In comparison to the country as a whole it is about $48 (4%) lower, and it is roughly $234 (18%) lower in comparison to the city of Portland.
Nearby places
Independence
Independence is Monmouth's neighbor to the east. Its housing prices are a little less expensive. Independence's median home value is $205,000, which is $20,100 (9%) lower than Monmouth. Rent there is pretty similar. In Independence the median rent is $1,048 a month, which is $34 (3%) higher than Monmouth.
Dallas
Dallas is roughly 5 miles northwest of Monmouth. Real estate prices there are fairly similar. The median home cost in Dallas is $222,700, which comes out to $2,400 (1%) lower than Monmouth. Its rents are somewhat less expensive. The median rent in Dallas is $867 a month, which comes out to $147 (16%) lower than Monmouth.
Falls City
Falls City is about 8 miles west from Monmouth. The housing prices there are a lot less expensive. Falls City's median home value is $140,800, which works out to $84,300 (59%) lower than Monmouth. Rents there are similar. The median rent in Falls City is $1,037 per month, which works out to $23 (2%) higher than Monmouth.
Salem
Salem is approximately 9 miles northeast from Monmouth. Real estate prices there are a little more expensive. The median home in Salem costs $242,800, which works out to $17,700 (7%) higher than Monmouth. Its rents are fairly similar. The median monthly rent in Salem is $975, which is $39 (4%) lower than Monmouth.
Adair Village
Adair Village is about 11 miles south from Monmouth. Its housing prices are similar. The median home in Adair Village is valued at $225,500, which is very similar to Monmouth. The rent there is somewhat more expensive. The median monthly rent in Adair Village is $1,455, which is $441 (30%) higher than Monmouth.
