Monon median real estate price is $121,374, which is less expensive than 88.5% of Indiana neighborhoods and 93.1% of all U.S. neighborhoods.
The average rental price in Monon is currently $1,368, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.8% of Indiana neighborhoods.
Monon is a suburban neighborhood (based on population density) located in Lafayette, Indiana.
Monon real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Monon neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 5.8% in Monon. NeighborhoodScout analysis shows that this rate is lower than 58.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lafayette, the Monon neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of particular note, 15.1% of the people in the Monon neighborhood currently reside in a correction facility, held due to punishment for a crime.
NeighborhoodScout's exclusive research identifies the Monon neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 45.7% of its working residents employed in such fields, which is a higher proportion than 97.8% of American neighborhoods.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Monon neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Monon neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 62.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.8% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Did you know that the Monon neighborhood has more Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Ukrainian ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Monon neighborhood in Lafayette are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.4% of U.S. neighborhoods. With 13.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.3% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Monon neighborhood, 45.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.8%), and 8.9% in clerical, assistant, and tech support occupations.
The most common language spoken in the Monon neighborhood is English, spoken by 90.4% of households. Some people also speak Spanish (6.6%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Monon neighborhood in Lafayette, IN, residents most commonly identify their ethnicity or ancestry as German (12.9%). There are also a number of people of English ancestry (7.3%), and residents who report Irish roots (5.8%), and some of the residents are also of Polish ancestry (3.2%), along with some Italian ancestry residents (3.0%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Monon neighborhood spend under 15 minutes commuting one-way to work (62.4% of working residents), one of the shortest commutes across America.
Here most residents (80.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.