Similar to other places in this area, it's significantly less expensive compared to the US as a whole. However compared to the city of Memphis, it is a bit less expensive.
Home prices
The price of the median home in Monette is $84,800. This is approximately $2,120 (2%) higher in comparison to the surrounding areas.It is roughly $132,700 (61%) lower in comparison to the US as a whole, and compared to the city of Memphis is roughly $17,000 (16%) lower.
Rents
The median rent in Monette is $492 per month. In comparison to other places in this area this is roughly $80 (14%) lower.Compared to the country as a whole it is about $570 (53%) lower, and it is approximately $409 (45%) lower compared to the city of Memphis.
Nearby places
Leachville
Leachville is approximately 4 miles east of Monette. Its real estate prices are a bit less expensive. The cost of the median home in Leachville is $70,500, which works out to $14,300 (20%) lower than Monette. The rent there is a little more expensive. In Leachville the median monthly rent is $518, which works out to $26 (5%) higher than Monette.
Black Oak
Black Oak is about 4 miles south from Monette. The real estate prices there are a little less expensive. The median home in Black Oak is valued at $73,600, which comes out to $11,200 (15%) lower than Monette. Rents there are substantially less expensive. The median monthly rent in Black Oak is $365, which comes out to $127 (34%) lower than Monette.
Lake City
Lake City is about 7 miles southwest of Monette. Its real estate prices are a little more expensive. The median home in Lake City is valued at $93,500, which comes out to $8,700 (9%) higher than Monette. Its rents are significantly more expensive. In Lake City the median rent is $838 per month, which works out to $346 (41%) higher than Monette.
Manila
Manila is roughly 8 miles east from Monette. Its real estate prices are substantially more expensive. The median home value in Manila is $127,000, which works out to $42,200 (33%) higher than Monette. The rent there is a bit more expensive. In Manila the median monthly rent is $567, which comes out to $75 (13%) higher than Monette.
Caraway
Caraway is about 9 miles south from Monette. Its housing prices are substantially less expensive. Caraway's median home value is $48,800, which works out to $36,000 (73%) lower than Monette. Its rents are a bit more expensive. In Caraway the median rent is $573 a month, which works out to $81 (14%) higher than Monette.
