Much like its surrounding areas, it is significantly less expensive compared to the entire nation. Compared to the city of Peoria, it is a lot less expensive.
Home prices
Monmouth's median home cost is $75,800. It is approximately $1,680 (2%) higher in comparison to other places in this area.It is about $141,700 (65%) lower compared to the entire nation, and is roughly $49,900 (39%) lower compared to the city of Peoria.
Rents
The median monthly rent in Monmouth is $585. In comparison to its nearby areas it is approximately $39 (6%) lower.It is roughly $477 (44%) lower compared to the entire nation, and it is approximately $221 (27%) lower in comparison to the city of Peoria.
Nearby places
Kirkwood
Kirkwood is about 5 miles southwest from Monmouth. Its real estate prices are fairly similar. Kirkwood's median home value is $78,300, which works out to $2,500 (3%) higher than Monmouth. Rents there are a little less expensive. In Kirkwood the median monthly rent is $481, which works out to $104 (21%) lower than Monmouth.
Little York
Little York is approximately 7 miles northwest of Monmouth. Its housing prices are a little less expensive. The median home in Little York is valued at $57,500, which is $18,300 (31%) lower than Monmouth. The rent there is fairly similar. The median monthly rent in Little York is $606, which comes out to $21 (3%) higher than Monmouth.
Biggsville
Biggsville is approximately 10 miles west from Monmouth. The housing prices there are somewhat more expensive. The cost of the median home in Biggsville is $86,700, which comes out to $10,900 (12%) higher than Monmouth. Rent there is a little more expensive. The median rent in Biggsville is $733 a month, which is $148 (20%) higher than Monmouth.
Alexis
Alexis is about 10 miles north of Monmouth. The housing prices there are fairly similar. The median home in Alexis costs $72,200, which comes out to $3,600 (4%) lower than Monmouth. Rent there is somewhat more expensive. The median monthly rent in Alexis is $665, which is $80 (12%) higher than Monmouth.
Galesburg
Galesburg is roughly 12 miles east of Monmouth. The housing prices there are fairly similar. The median home in Galesburg is valued at $75,900, which is very similar to Monmouth. The rent there is a bit more expensive. The median rent in Galesburg is $637 per month, which comes out to $52 (8%) higher than Monmouth.
