The housing market in Monmouth, IA is relatively stable when compared to that of the United States as a whole. The median value of homes in Monmouth is $182,400, which is significantly lower than the US median value of $338,100. The US saw an appreciation rate of 8.27% over the last year, while Monmouth only saw a 4.75% appreciation rate over the same period. Despite this slight lag behind in terms of appreciation rates, Monmouth has proven to be a reliable and consistent housing market for those looking for stability in their investment.
The median home cost in Monmouth is $182,400. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Monmouth is up 11.4%.
Average Age of Homes
- The median age of Monmouth real estate is 78 years old
The Rental Market in Monmouth
- Renters make up 24.1% of the Monmouth population
- 0.0% 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.