A typical Monmouth home is worth about $476,000
Up 2% in a year, close to the Oregon typical home. Homes typically sell in 48 days, a little above asking.
What kind of housing town is Monmouth?
Read from the numbers below. The page puts what stands out first.
37 new homes permitted in 2025
Builders were permitted 37 new homes in Monmouth in 2025: 33 single-family houses and 4 in buildings with two or more homes, worth about $9.9 million to build. That's 3.2 per 1,000 residents, about the pace of Oregon as a whole. Over the past 10 years, Monmouth has permitted 377 homes in all.
Between the 2010 and 2020 censuses, Monmouth gained 1,576 residents while 295 new homes were permitted: about 5.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Oregon: 2.6 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 24 | 22 | 2 | $6.5 million |
| 2025 | 37 | 33 | 4 | $9.9 million |
| 2024 | 37 | 35 | 2 | $10 million |
| 2023 | 34 | 32 | 2 | $9.2 million |
| 2022 | 39 | 34 | 5 | $10.2 million |
| 2021 | 52 | 50 | 2 | $14.3 million |
| 2020 | 37 | 8 | 29 | $5.9 million |
| 2019 | 18 | 8 | 10 | $3.7 million |
| 2018 | 50 | 20 | 30 | $10.4 million |
| 2017 | 43 | 19 | 24 | $9.2 million |
| 2016 | 30 | 20 | 10 | $6.6 million |
| 2015 | 26 | 26 | 0 | $5.8 million |
| 2014 | 21 | 13 | 8 | $4.7 million |
| 2013 | 7 | 7 | 0 | $1.7 million |
| 2012 | 37 | 37 | 0 | $7.4 million |
| 2011 | 28 | 28 | 0 | $5.6 million |
| 2010 | 35 | 35 | 0 | $7 million |
| 2009 | 17 | 17 | 0 | $3.5 million |
| 2008 | 27 | 22 | 5 | $3.6 million |
| 2007 | 2 | 2 | 0 | $376,000 |
| 2006 | 4 | 4 | 0 | $807,000 |
| 2005 | 131 | 131 | 0 | $21.5 million |
| 2004 | 99 | 73 | 26 | $20.1 million |
| 2003 | 58 | 40 | 18 | $8.1 million |
| 2002 | 58 | 44 | 14 | $6.9 million |
| 2001 | 24 | 20 | 4 | $2.6 million |
| 2000 | 31 | 28 | 3 | $3.3 million |
Monmouth's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Monmouth ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
A two-bedroom rents for about $1,480
Renters already here pay a median of $1,114, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
How Monmouth ranks on rent that’s easy to afford →
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Corvallis, OR MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
5 of Monmouth’s houses are on the National Register
Half of Monmouth’s homes were built before 1993.
Oregon: 63% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Up 16.8% in five years
Faster than Oregon (7.7%).
Show as a table
| January | Monmouth | Oregon |
|---|---|---|
| 2017 | $249,000 | $313,000 |
| 2018 | $277,000 | $337,000 |
| 2019 | $303,000 | $354,000 |
| 2020 | $321,000 | $369,000 |
| 2021 | $361,000 | $411,000 |
| 2022 | $427,000 | $480,000 |
| 2023 | $445,000 | $490,000 |
| 2024 | $454,000 | $495,000 |
| 2025 | $471,000 | $504,000 |
| 2026 | $475,000 | $500,000 |
| August 2026 | $476,000 | $496,000 |
A typical Monmouth home worth $242K in September 2016 is worth about $476K today.
How Monmouth ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A balanced market
About 5.8 months of supply: neither buyers nor sellers have a clear edge.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
A typical home costs 6.9 years of income
More than across Oregon (6 years). Try your own numbers below.
That’s $207K short of a typical Monmouth home.
A two-bedroom rents for about $1,480 a month here, $1,370 less than owning.
How Monmouth ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Monmouth’s typical property tax (0.90% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Monmouth vs. its neighbors
The towns that share a border with Monmouth. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Monmouth | $476K | +2% | $1,480 | 37 | $69,170 |
| Independence | $426K | +2.1% | $1,810 | 2 | $85,375 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Monmouth
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Monmouth buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.