In Monmouth, a typical home is worth $413,200 and typical rent is $1,114 a month. Compared with all of Polk County, typical household income is 19% lower, typical rent is 14% lower, and the share of households that own their home is 17 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $406,692 to $471,028.
Typical rent
$1,578a month
▼ 0.7% less than 12 months ago
Typical rent from Zillow, June 2025 to September 2026: from $1,556 to $1,578.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Monmouth is in Polk County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Polk County. See the county
What this place has that others do not, from public data, most unusual first.
1
Monmouth has the 5th lowest homeownership rate of the 105 cities in Oregon with more than 5,000 people (47%).
2
Nearby, in Four Corners, the typical home value is $340,200: 18% less than in Monmouth ($413,200).
3
The typical household income in Monmouth is $69,170,19% less than in Polk County as a whole ($85,118).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Monmouth
What homes there are in Monmouth, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Monmouth
Polk County
Oregon
United States
Kind of home: Monmouth and its comparisons
Measure
Monmouth
Polk County
Oregon
United States
Detached house
54%
67%
63%
61%
Attached house
Unreliable estimate
3%
5%
6%
Building of 2 to 4
10%
9%
7%
8%
Apartments (5 or more)
Unreliable estimate
15%
18%
19%
Mobile home
4%
6%
7%
6%
Boat, RV and other
Unreliable estimate
1%
0%
0%
In Monmouth, 5 in 10 homes are single-family detached houses; in Polk County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Monmouth
Polk County
Oregon
United States
Year built: Monmouth and its comparisons
Measure
Monmouth
Polk County
Oregon
United States
Before 1960
8%
16%
23%
26%
1960–1979
31%
26%
26%
24%
1980–1999
23%
25%
25%
25%
2000–2009
22%
20%
14%
14%
2010 or later
17%
14%
12%
11%
By age, homes in Monmouth look like those in Polk County: the typical year built is 1993.
There are fewer big homes in Monmouth than in Polk County: 56% have 3 bedrooms or more, against 66%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K52%
$500K–$750K27%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Monmouth and its comparisons
Measure
Monmouth
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
52%
$500K–$750K
27%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99924%
$1,000–$1,49951%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Monmouth and its comparisons
Measure
Monmouth
Under $500
Unreliable estimate
$500–$999
24%
$1,000–$1,499
51%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,959 a month
Polk County: $2,095 a month
Without a mortgage
$664 a month
Polk County: $633 a month
Owners with a mortgage
72%
Polk County: 65%
The typical cost for an owner with a mortgage in Monmouth is $1,959 a month, less than in Polk County ($2,095); without one, $664.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Monmouth+84%
Polk County+72%
Oregon+53%
United States+53%
Typical rent
Monmouth+10%
Polk County+31%
Oregon+37%
United States+33%
Typical household income
Monmouth+74%
Polk County+36%
Oregon+32%
United States+29%
Change since 2015–2019: Monmouth and its comparisons
Measure
Monmouth
Polk County
Oregon
United States
Typical home value
+84%
+72%
+53%
+53%
Typical rent
+10%
+31%
+37%
+33%
Typical household income
+74%
+36%
+32%
+29%
Since 2015–2019, homes in Monmouth gained value faster than in Polk County: 84% against 72%.
Since 2015–2019, the typical rent in Monmouth rose 10%, less than in Polk County (31%).
To compare: typical income in Monmouth rose 74%; the home, +84%; the rent, +10%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Monmouth and its comparisons
Measure
Monmouth
Polk County
Oregon
United States
Rental vacancy
Unreliable estimate
4.5%
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.7%
0.9%
More than one person per room
Unreliable estimate
3.3%
3.2%
3.4%
People per household
2.75
2.65
2.42
2.53
Drive alone
70%
67%
65%
69%
Carpool
8%
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
9%
4%
5%
3%
Work from home
11%
18%
19%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Polk County, a household in Monmouth has 2.75 people on average.
Many here get to work on foot or by bike: 9%, more than in Polk County (4%).
Do the math
What would you pay each month for a home in Monmouth?
A typical home costs more than the typical income allows
We start with a typical home in Monmouth, worth $413,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 59% of the typical household income in Monmouth, which is $69,170 a year. For that payment to be 28% of income, a household would need to earn about $146,284 a year.
The calculator's FHA and conventional loan limits are those of all of Polk County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Monmouth. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $14,462 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,413
at 7.18% · 30 years
Loan amount
$405,716
Total interest
$583,730
Paid off in
November 2056
Includes $6,978 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,614 a month
Tight
$1,614 to $2,075 a month
Hard
more than $2,075 a month
Your payment · 59%
Compared with the typical household income in Monmouth ($69,170 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,748
Property tax
$310
Home insurance
$172
FHA mortgage insurance (MIP)
$183
You need at least $14,462 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,413; principal and interest $2,748.
The city and its county
Monmouth and Polk County
Monmouth is in Polk County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Monmouth
Map of Polk County, Oregon, with Monmouth marked. Around it, the neighboring counties.
Monmouth
Polk County
Other cities with a page
Monmouth's own numbers
Typical home value
$413,200
Typical monthly rent
$1,114
Typical yearly household income
$69,170
Households that own their home
47%
Effective property tax rate
0.9%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Polk County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,692
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
2.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Polk County.
A typical home in Monmouth is worth $413,200: 9% below the county and 13% below Oregon. With the typical household income in Monmouth ($69,170 a year), a typical home costs 6.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Monmouth6.0 years
Polk5.3 years
Oregon5.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Polk County
According to FHFA’s house price index, home prices in Polk County rose 113% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Polk County.
Yearly change in FHFA’s price index in Polk County, 2016 to 2025
2016: +8.7% +8.7% 2016
2017: +12.2% +12.2% 2017
2018: +8.9% +8.9% 2018
2019: +5.9% +5.9% 2019
2020: +5.4% +5.4% 2020
2021: +16.0% +16.0% 2021
2022: +14.8% +14.8% 2022
2023: +2.1% +2.1% 2023
2024: +2.8% +2.8% 2024
2025: +2.8% +2.8% 2025
Change in FHFA’s price index in Polk County, Oregon and the United States
Period
County
Oregon
U.S.
Last year (2025)
+2.8%
+0.9%
+2.9%
5 years (2020–2025)
+44%
+35%
+47%
10 years (2015–2025)
+113%
+86%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Monmouth next to Polk County, Oregon and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Monmouth$413,200
Polk$454,700
Oregon$477,600
United States$332,700
Typical monthly rent
Monmouth$1,114
Polk$1,299
Oregon$1,525
United States$1,413
Typical yearly household income
Monmouth$69,170
Polk$85,118
Oregon$83,011
United States$80,734
See the full table
Monmouth next to Polk County and Oregon
Measure
Monmouth
Polk County
Oregon
U.S.
Typical home value
$413,200 ▼9% below the county
$454,700
$477,600
$332,700
Typical monthly rent
$1,114 ▼14% below the county
$1,299
$1,525
$1,413
Typical yearly household income
$69,170 ▼19% below the county
$85,118
$83,011
$80,734
Households that own their home
47% ▼17 points below the county
65%
63%
65%
Typical yearly property tax
$3,731 ▲3% above the county
$3,634
$3,876
$3,119
Effective property tax rate
0.9% ▲0.1 points above the county
0.8%
0.81%
0.94%
Renters with high rent for their income
47% ▼4 points below the county
52%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Polk County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Monmouth
For a typical $413,200 home in Monmouth, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Monmouth's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,413a month
Least cash to close
Down payment
$14,462
Cash to close
$26,858
Rate
7.18%
Mortgage insurance
FHA MIP · $183
Conventional, 5% down$3,338a month
Down payment
$20,660
Cash to close
$33,056
Rate
7.18%
Mortgage insurance
PMI · $196
Conventional, 20% down, no PMI$2,721a month
Down payment
$82,640
Cash to close
$95,036
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,103a month
Down payment
$61,980
Cash to close
$74,376
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Monmouth
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,413
$14,462
$405,716
7.18%
FHA MIP · $183
$26,858
580
Conventional, 5% down
$3,338
$20,660
$392,540
7.18%
PMI · $196
$33,056
620*
Conventional, 20% down, no PMI
$2,721
$82,640
$330,560
7.18%
None
$95,036
620*
ITIN, 15% down (example)
$3,103
$61,980
$351,220
8.18%
None
$74,376
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Monmouth is $1,114 a month: 14% below the county. In Monmouth, 47% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Polk County, by unit size. To pay the 2-bedroom one ($1,692 a month) without spending more than 30% of your income, you would need to earn $32.54 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Polk County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,285
$24.71
$51,400
1 bedroom
$1,294
$24.88
$51,760
2 bedrooms
$1,692
$32.54
$67,680
3 bedrooms
$2,341
$45.02
$93,640
4 bedrooms
$2,564
$49.31
$102,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Monmouth
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Monmouth is in ZIP code 97361.
For 2 bedrooms it is $1,650: $42 less than the fair market rent for Polk County ($1,692).
Fair market rent by ZIP code and size in Monmouth, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
97361
$1,220
$1,310
$1,650
$2,290
$2,580
ZIP code2 bd3 bd
97361 $1,650$2,290
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Monmouth when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 3 buildings with rents for lower incomes in Monmouth. These are the largest.
Franklin Place Apts317 Ecols St S, Monmouth 9736134 low-income homes · 1 bd: 17 · 2 bd: 14 · 3 bd: 3 · In service since 1992 · For older adults, families
Village Apartments, the373 Catron St N, Monmouth 9736123 homes, 22 low-income · For older adults(503) 838-0735
College Manor265 College St S, Monmouth 9736120 homes, 10 low-income · For families(503) 838-0259
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Polk County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Monmouth or Polk County. The ones below are statewide in Oregon: they work in Monmouth the same as in the rest of the state.
Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median.Offered by Oregon Housing and Community Services (OHCS).
Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage.Offered by Oregon Housing and Community Services (OHCS).
Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable.Offered by Oregon Housing and Community Services (OHCS).
No legal help resource on our list is for Monmouth or Polk County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Monmouth and all of Polk County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Monmouth?
The typical home value in Monmouth is $413,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Polk County it is $454,700.
How much does it cost to rent in Monmouth?
Typical rent in Monmouth is $1,114 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Polk County is $1,692.
What is the FHA loan limit in Monmouth?
Monmouth uses the FHA limit for all of Polk County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Monmouth?
The typical homeowner in Monmouth pays $3,731 a year, according to the U.S. Census Bureau. That is 0.9% of the home’s value; in Polk County, the rate is 0.8%.
Where can I find free help to buy or rent in Monmouth?
We found no HUD-approved counseling agencies with an office in Polk County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
