Monmouth, IA housing market
The typical Monmouth home is worth about $294,000, up 14% in a year, 23% above the Iowa typical home.
Home values, sales, trends and how Monmouth compares with the towns next door — updated as new data is published.
Monmouth at a glance
Typical home value, 2019–2026
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| January | Monmouth | Iowa |
|---|---|---|
| 2020 | $173,000 | $167,000 |
| 2021 | $196,000 | $179,000 |
| 2022 | $215,000 | $195,000 |
| 2023 | $233,000 | $211,000 |
| 2024 | $239,000 | $218,000 |
| 2025 | $258,000 | $228,000 |
| 2026 | $267,000 | $236,000 |
| August 2026 | $294,000 | $240,000 |
No new homes permitted in 2025
No permits for new homes were issued in Monmouth in 2025. The last year with any was 2022 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $85,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $30,000 |
| 2018 | 1 | 1 | 0 | $350,000 |
| 2017 | 1 | 1 | 0 | $350,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Monmouth is $960 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $700 · 4 bedrooms $1,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52309; Jones County, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.