Similar to its nearby areas, it is a lot more expensive compared to the entire nation. Compared to the city of New York however, it is a lot less expensive.
Home prices
The price of the median home in Monroe is $324,800. Compared to other places in this area this is approximately $13,640 (4%) higher.In comparison to the entire country it is approximately $107,300 (49%) higher, and it is approximately $281,200 (46%) lower in comparison to the city of New York.
Rents
The median rent in Monroe is $1,637 a month. In comparison to nearby areas this is approximately $288 (21%) higher.In comparison to the entire nation it is approximately $575 (54%) higher, and in comparison to the city of New York it is about $194 (13%) higher.
Nearby places
Harriman
Harriman is Monroe's neighbor to the east. The housing prices there are significantly less expensive. Harriman's median home cost is $232,200, which comes out to $92,600 (39%) lower than Monroe. Its rents are fairly similar. In Harriman the median rent is $1,615 per month, which comes out to $22 (1%) lower than Monroe.
Kiryas Joel
Kiryas Joel is about 1 mile northeast of Monroe. Housing prices there are substantially more expensive. The median home in Kiryas Joel is valued at $517,400, which comes out to $192,600 (37%) higher than Monroe. Its rents are significantly less expensive. The median monthly rent in Kiryas Joel is $1,229, which works out to $408 (33%) lower than Monroe.
Walton Park
Walton Park is roughly 1 mile west from Monroe. Real estate prices there are similar. The cost of the median home in Walton Park is $313,900, which is $10,900 (3%) lower than Monroe. The rent there is a little less expensive. In Walton Park the median rent is $1,414 a month, which is $223 (15%) lower than Monroe.
South Blooming Grove
South Blooming Grove is roughly 3 miles north of Monroe. The real estate prices there are a little less expensive. The price of the median home in South Blooming Grove is $285,700, which works out to $39,100 (13%) lower than Monroe. Rent there is somewhat less expensive. In South Blooming Grove the median rent is $1,273 a month, which works out to $364 (28%) lower than Monroe.
Chester
Chester is roughly 4 miles northwest of Monroe. Real estate prices there are substantially less expensive. The median home in Chester costs $206,600, which comes out to $118,200 (57%) lower than Monroe. Its rents are significantly less expensive. In Chester the median monthly rent is $1,215, which works out to $422 (34%) lower than Monroe.
