Monmouth, Polk County, OR

Median Home Price Price

$462,084 $462.1K

Median Monthly Rent Rent

$1,294 $1.3K

30.0x

Market Snapshot

Monmouth, Polk County, OR is a city market with a median home price of $462,084, a median monthly rent of $1,294, a GRM of 30.0x, and a price-to-rent ratio of 29.8.

More markets to explore

01 Independence, Polk County, OR
Top recommendation Nearby alternative Lower GRM Lower price Higher rent Rent momentum
High confidence
Price $412.6K
Rent $2K
GRM 17.0x
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Independence
$413K $2.0K 17.0x
Dallas Explore deeper
$463K $1.4K 27.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Roseburg, Douglas County, OR Explore deeper
$354K $1.3K 22.0x
Bay City, Tillamook County, OR
$383K $1.3K 24.0x
Gladstone, Clackamas County, OR
$504K $2.0K 21.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Chaska, Carver County, MN
$454K $1.8K 21.0x
North Augusta, Edgefield County, SC
$255K $1.3K 16.0x
Mead, Spokane County, WA
$494K $1.6K 25.0x

Home prices

Monthly rent

GRM = home price / annual rent

Monmouth

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Benchmark comparison

Rent in Monmouth, OR is 34.0% lower than Independence, OR.

Compare to Independence, OR
Monmouth, OR
Independence, OR
Delta
Median rent
$1,294
$1,962
+$668
Median price
$462,084
$412,568
-$49,516
YoY change
+$55
+$87
+$32
Price-to-rent
29.8x
17.5x
-12.3x

Key takeaways

  • Monmouth, Polk County, OR has a higher-grm screening profile: At 30.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $55 year over year.
  • Rent in Monmouth, OR is 34.0% lower than Independence, OR.