The housing market in Monon, IN is quite different from the national average. The median value for a house in Monon is $142,700, which is significantly lower than the US median value of $338,100. Despite this difference in values, the 1 year appreciation rate in Monon has actually been higher than the national rate at 10.75%, compared to 8.27%. This indicates that the housing market in Monon is performing well and provides an attractive opportunity to potential buyers looking for good value and potential appreciation.
The median home cost in Monon is $142,700. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Monon is up 14.6%.
Average Age of Homes
- The median age of Monon real estate is 70 years old
The Rental Market in Monon
- Renters make up 35.7% of the Monon population
- 2.9% of houses and apartments in Monon, 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.