Zip 48161 (Monroe, MI) Housing

The median value of a house in Monroe, MI (48161) is currently $182,900. This is significantly lower than the US median housing value of $338,100. Despite this relatively low cost of living, the 1 year appreciation rate for housing in Monroe is 8.47%, slightly higher than the national average of 8.27%.This illustrates that although housing may be affordable now, those looking to invest should not wait too long as prices are steadily increasing.

The median home cost in Monroe (zip 48161) is $182,900. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Monroe (zip 48161) is up 13.1%.

Average Age of Homes

- The median age of Monroe (zip 48161) real estate is 49 years old

The Rental Market in Monroe (zip 48161)

- Renters make up 25.1% of the Monroe (zip 48161) population
- 0.7% of houses and apartments in Monroe (zip 48161), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monroe, Michigan	United States
	11,895.0	139,647,020.0
	53	42
	$182,900	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$13.32	$10.98
	$1,944	$2,690
	68.6%	57.4%
	5.8%	11.2%
	25.6%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	8.6%	2.6%
	5.4%	2.4%
	4.5%	2.8%
	5.3%	3.9%
	6.4%	4.5%
	21.6%	11.3%
	18.1%	13.0%
	19.4%	20.1%
	7.1%	13.6%
	1.4%	8.3%
	1.8%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.4%	13.6%
	11.4%	13.6%
	12.2%	13.6%
	8.1%	13.2%
	13.1%	14.8%
	12.2%	13.6%
	14.8%	10.0%
	8.1%	4.7%
	20.3%	12.2%

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