The housing market in Monroe, MI is strong with a median value of $183,600. This is significantly lower than the national median value of $338,100, yet still shows a year-over-year appreciation rate of 8.47%, higher than the US average of 8.27%. In addition to being affordable, Monroe offers stability and a promising outlook for those looking to invest in the housing market.
The median home cost in Monroe is $183,600. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Monroe is up 13.1%.
Average Age of Homes
- The median age of Monroe real estate is 63 years old
The Rental Market in Monroe
- Renters make up 35.1% of the Monroe population
- 1.4% of houses and apartments in Monroe, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.