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Housing in Monon

A typical Monon home is worth roughly $96,000

Typical home value
$96K
IN $260K
Estimate
2-bedroom rent
$1,100
a month, utilities in · HUD
Median tax bill
$634
IN $1,614

What kind of housing town is Monon?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 1.9 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about
$197,000
Typical Monon home $96K

That covers a typical Monon home, with $101K to spare.

The typical home, each month
$560
Loan $480Tax $50Insurance $30

A two-bedroom rents for about $1,100 a month here, $540 more than owning.

How Monon ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Monon’s typical property tax (0.66% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

63% of Monon households own their home

Half of Monon’s homes were built before 1952.

Owners and renters
Own 63%Rent 37%

Indiana: 71% own.

1952
typical home built · IN 1976
$634
median property tax bill · IN $1,614
0.66%
of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $1,100

Renters already here pay a median of $912, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$800
1 bedroom$840
2 bedrooms$1,100
3 bedrooms$1,370
4 bedrooms$1,460
37%
of households rent · IN 29%
223
renter households
44%
of renters spend 30%+ of income on rent · IN 48%
27%
of the median income, for a two-bedroom
$912
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jasper County, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

On the market in Monon

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Monon buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Monon still affordable for young families?

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Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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