Much like nearby areas, it is a little more expensive compared to the United States as a whole. However it is somewhat less expensive compared to the city of Salt Lake City.
Home prices
The value of the median home in Mona is $252,800. Compared to the surrounding areas it is about $3,800 (1%) higher.It is about $35,300 (16%) higher in comparison to the entire country, and in comparison to the city of Salt Lake City is approximately $61,700 (19%) lower.
Rents
In Mona the median rent is $928 a month. This is about $9 (1%) higher compared to other places in this area.It is about $134 (12%) lower compared to the entire country, and it is approximately $57 (5%) lower compared to the city of Salt Lake City.
Nearby places
Nephi
Nephi is about 7 miles south from Mona. Its real estate prices are a bit less expensive. Nephi's median home price is $215,600, which comes out to $37,200 (17%) lower than Mona. Rent there is somewhat less expensive. Nephi's median rent is $823 a month, which is $105 (12%) lower than Mona.
Rocky Ridge
Rocky Ridge is approximately 7 miles north from Mona. The real estate prices there are a little less expensive. The median home price in Rocky Ridge is $229,800, which is $23,000 (10%) lower than Mona. Rents there are substantially less expensive. In Rocky Ridge the median monthly rent is $519, which works out to $409 (78%) lower than Mona.
Goshen
Goshen is about 9 miles north of Mona. Its real estate prices are somewhat less expensive. The median home in Goshen is valued at $191,700, which works out to $61,100 (31%) lower than Mona. The rent there is somewhat less expensive. The median monthly rent in Goshen is $718, which comes out to $210 (29%) lower than Mona.
Santaquin
Santaquin is roughly 11 miles north of Mona. Housing prices there are similar. The price of the median home in Santaquin is $251,600, which is very similar to Mona. Rent there is somewhat more expensive. In Santaquin the median monthly rent is $997, which is $69 (6%) higher than Mona.
Elk Ridge
Elk Ridge is approximately 15 miles northeast of Mona. Real estate prices there are somewhat more expensive. The median home price in Elk Ridge is $356,300, which comes out to $103,500 (29%) higher than Mona. The rent there is substantially more expensive. The median monthly rent in Elk Ridge is $1,536, which comes out to $608 (39%) higher than Mona.
