According to statistics, the population in Monmouth, IL amounts to 9,011, which shows decline -3% compared to the previous year. The median age of the city’s residents is 34. The average household income is $39,173, shifting growth 6% from the past year, and the average property value in Monmouth, IL decline -3% to $71,100 throughout the year.
|Number Of Employees||4,263|
|Median Property Value||$71,100|
The average household income in Monmouth, IL grew from $36,846 to $39,173 in the past year. This data is an estimate based upon 3,524 households in Monmouth, IL . The chart below presents how household income is distributed in Monmouth, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Monmouth, IL shifted from $73,100 to $71,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Monmouth, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Monmouth, IL properties falls in the '$40,000 to $49,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Monmouth, IL compared to median property taxes around the country. The prevalent amount of property taxes in Monmouth, IL equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$82,466||N/A|
|1 bed for sale||$90,000||N/A|
|2 bed for sale||$107,160||+48%|
|3 bed for sale||$108,800||-0.7%|
|4+ bed for sale||$284,530||+129%|
During Jul 2022, the average price for an apartment in/near Monmouth, IL increased by 84.7% to $191,195.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $90,000 with no changes this month. Asking price for 2-bed apartment also increased by 48% and a place of this size will now cost you $107,160. A 3-bed apartment goes for $108,800, it decreased by 0.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 129% and made it up to $284,530.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$121,478||+17.8%|
|Other for sale||$140,000||+17.7%|
|Land for sale||$362,400||N/A|
Price reports demonstrate that house price increased by 17.8% this month making it up to $121,478.