The housing market in Monroe, CT is showing strong appreciation with the median value of homes currently at $496,800. This is much higher than the national median value of $338,100 and reflects a 1 year appreciation rate of 10.61%, which is higher than the national average of 8.27%. This indicates that housing prices in Monroe are continuing to increase and remain strong, making it an attractive location for potential buyers looking for a great investment.
The median home cost in Monroe is $496,800. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Monroe is up 13.4%.
Average Age of Homes
- The median age of Monroe real estate is 43 years old
The Rental Market in Monroe
- Renters make up 6.2% of the Monroe population
- 0.0% 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.