Much like other places in this area, it is a lot less expensive compared to the rest of the country. Compared to the city of Charlotte, it's substantially less expensive.
Home prices
The median home in Monarch Mill costs $53,400. Compared to its surrounding areas it is is very similar.It is roughly $164,100 (75%) lower in comparison to the entire country, and is roughly $166,900 (75%) lower compared to the city of Charlotte.
Rents
In Monarch Mill the median rent is $924 per month. It is approximately $231 (33%) higher compared to the surrounding areas.In comparison to the US as a whole it is roughly $138 (12%) lower, and it is approximately $211 (18%) lower in comparison to the city of Charlotte.
Nearby places
Union
Union is Monarch Mill's neighbor to the west. Real estate prices there are substantially more expensive. Union's median home price is $80,700, which is $27,300 (33%) higher than Monarch Mill. The rent there is significantly less expensive. The median rent in Union is $639 a month, which works out to $285 (44%) lower than Monarch Mill.
Lockhart
Lockhart is roughly 8 miles northeast of Monarch Mill. Its housing prices are substantially less expensive. The median home in Lockhart is valued at $40,400, which works out to $13,000 (32%) lower than Monarch Mill. Rents there are substantially less expensive. Lockhart's median rent is $644 a month, which works out to $280 (43%) lower than Monarch Mill.
Jonesville
Jonesville is roughly 9 miles northwest from Monarch Mill. The housing prices there are somewhat more expensive. The median home in Jonesville costs $57,400, which comes out to $4,000 (6%) higher than Monarch Mill. Rents there are substantially less expensive. In Jonesville the median rent is $617 per month, which works out to $307 (49%) lower than Monarch Mill.
Carlisle
Carlisle is about 10 miles southeast of Monarch Mill. Real estate prices there are a little less expensive. The median home in Carlisle costs $48,700, which works out to $4,700 (9%) lower than Monarch Mill. Rents there are a little less expensive. Carlisle's median rent is $763 per month, which is $161 (21%) lower than Monarch Mill.
Whitmire
Whitmire is approximately 15 miles south from Monarch Mill. Housing prices there are a lot less expensive. The cost of the median home in Whitmire is $37,900, which comes out to $15,500 (40%) lower than Monarch Mill. Rents there are somewhat less expensive. Whitmire's median monthly rent is $802, which comes out to $122 (15%) lower than Monarch Mill.
