Home prices
The median home in Monona costs $272,200. It is about $78,640 (22%) lower in comparison to its nearby areas.It is about $54,700 (25%) higher compared to the rest of the nation, and it is roughly $150,100 (122%) higher in comparison to the city of Milwaukee.
Rents
The median rent in Monona is $935 per month. Compared to the surrounding areas this is about $300 (24%) lower.In comparison to the rest of the country it is roughly $127 (11%) lower, and compared to the city of Milwaukee it is about $77 (8%) higher.
Nearby places
Madison
Madison is Monona's neighbor to the northwest. Its housing prices are a little less expensive. The price of the median home in Madison is $246,300, which comes out to $25,900 (10%) lower than Monona. Rent there is somewhat more expensive. In Madison the median monthly rent is $1,118, which works out to $183 (16%) higher than Monona.
McFarland
McFarland is roughly 2 miles southeast from Monona. Its housing prices are a little less expensive. The median home in McFarland is valued at $249,200, which comes out to $23,000 (9%) lower than Monona. Rents there are somewhat more expensive. In McFarland the median monthly rent is $1,061, which comes out to $126 (11%) higher than Monona.
Shorewood Hills
Shorewood Hills is about 5 miles west of Monona. The housing prices there are significantly more expensive. The median home price in Shorewood Hills is $665,300, which works out to $393,100 (59%) higher than Monona. The rent there is a lot more expensive. Shorewood Hills's median monthly rent is $1,709, which is $774 (45%) higher than Monona.
Fitchburg
Fitchburg is roughly 5 miles southwest from Monona. Housing prices there are a little more expensive. The median home in Fitchburg is valued at $315,900, which works out to $43,700 (13%) higher than Monona. The rent there is somewhat more expensive. Fitchburg's median rent is $1,054 a month, which works out to $119 (11%) higher than Monona.
Cottage Grove
Cottage Grove is approximately 6 miles northeast from Monona. Its real estate prices are fairly similar. Cottage Grove's median home value is $277,500, which is $5,300 (1%) higher than Monona. Rents there are somewhat more expensive. In Cottage Grove the median monthly rent is $1,232, which comes out to $297 (24%) higher than Monona.
