Monmouth, OR is a great place to live for anyone looking for a great value in housing. The median value of housing in Monmouth is $440,400, which is significantly higher than the US house median value of $338,100. In addition to the higher median value, the one year appreciation rate of homes in Monmouth is 9.26%, which is higher than the US average appreciation rate of 8.27%. This indicates that purchasing a home in Monmouth will be a great investment as it will likely increase in value more quickly than other parts of the country. All in all, Monmouth has much to offer when it comes to finding good quality housing at an affordable price with potential for long term gain.
The median home cost in Monmouth is $440,400. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Monmouth is up 14.2%.
Average Age of Homes
- The median age of Monmouth real estate is 30 years old
The Rental Market in Monmouth
- Renters make up 47.7% of the Monmouth population
- 1.1% of houses and apartments in Monmouth, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.