Why Live in Monon
Monon, a neighborhood in Lafayette, features single and multi-family homes, many of which date back to the late 19th and early 20th centuries. These homes range from minimalist, boxy bungalows to traditional bungalows with overhanging roofs, and worker's cottages with tall, narrow silhouettes and steeply-gabled roofs. The Monon Neighborhood Coalition fosters community spirit with regular block parties and events at local venues like Mount Hope Church and McAllister Rec Center, which also hosts annual events such as the Father-Daughter Dance and July Spray Day. Jefferson High School, a highly rated institution, serves the area. Schuyler Avenue, the neighborhood's southern border, is a commercial strip with local favorites like Magoo's Pub and Pizza and People's Brewing Company and Taproom. For groceries, residents head to Pay Less, located 1.5 miles south. Monon is 2.5 miles north of downtown Lafayette, with Schuyler Ave connecting to North 18th Street for easy access to the city center. The neighborhood is within walking distance of several amenities, although sidewalks are not always present. McAllister Park, just west of the neighborhood, offers 280 acres of walking trails and a model airplane field. Monon has a crime rate that is lower than the national average, making it a safer place to live.
Frequently Asked Questions
Is Monon a good place to live?
Monon is a good place to live. Monon is considered car-dependent and somewhat bikeable with some transit options. Monon has 3 parks for recreational activities. It has a median age of 33. The average household income is $43,358 which is below the national average. College graduates make up 16% of residents. A majority of residents in Monon are renters, with 67.2% of residents renting and 32.8% of residents owning their home. A
local real estate agent serving Monon can help you decide if this neighborhood is the right one for you. Learn more on our
Monon neighborhood guide.
How much do you need to make to afford a house in Monon?
The median home price in Monon is $189,000. If you put a 20% down payment of $37,800 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $940 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $40K a year to afford the median home price in Monon. The average household income in Monon is $43K.
What are the best public schools in Monon?
The best public schools that serve Monon are:
What are the best private schools in Monon?
The best private schools that serve Monon are:
What are the most popular zip codes in Monon, Lafayette, IN?
What are the most popular neighborhoods near Monon, Lafayette, IN?
Are home prices dropping in Monon?
Yes, home prices in Monon are down 1% in the last 12 months.
Home Trends in Monon, IN
On average, homes in Monon, Lafayette sell after 34 days on the market compared to the national average of 52 days. The median sale price for homes in Monon, Lafayette over the last 12 months is $170,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$170,000
Median Single Family Sale Price
$170,000
Average Price Per Sq Ft
$144
Number of Homes for Sale
2
Last 12 months Home Sales
11
Median List Price
$189,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-1%