Zip 47959 (Monon, IN) Housing

The housing market in 47959 Monon, IN is on the rise, with a median value of $146,100. This is significantly lower than the US House Median Value of $338,100, however the 1 year house appreciation rate in Monon is higher at 10.75%, compared to 8.27% for the US. This indicates that housing prices are increasing faster in this area than the national average, making it an attractive option for those looking to purchase or invest in property in the near future.

The median home cost in Monon (zip 47959) is $146,100. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Monon (zip 47959) is up 14.6%.

Average Age of Homes

- The median age of Monon (zip 47959) real estate is 58 years old

The Rental Market in Monon (zip 47959)

- Renters make up 21.3% of the Monon (zip 47959) population
- 1.7% of houses and apartments in Monon (zip 47959), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monon, Indiana	United States
	1,089.0	139,647,020.0
	56	42
	$146,100	$338,100
	14.6%	16.6%
	58.9%	57.0%
	84.4%	101.1%
	$5.84	$10.98
	$621	$2,690
	58.2%	57.4%
	22.8%	11.2%
	19.0%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	5.1%	0.4%
	12.9%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	7.1%	2.4%
	13.4%	2.8%
	15.5%	3.9%
	9.0%	4.5%
	19.1%	11.3%
	17.7%	13.0%
	11.7%	20.1%
	4.7%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.2%	13.6%
	8.2%	13.6%
	6.9%	13.6%
	12.0%	13.2%
	14.9%	14.8%
	6.9%	13.6%
	14.4%	10.0%
	7.1%	4.7%
	24.6%	12.2%

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