The housing market in South Monroe, MI is an attractive option for homebuyers. The median value of houses in South Monroe is $164,700, slightly less than the US house median value of $338,100. While the US experienced a 1 year house appreciation rate of 8.27%, the appreciation rate in South Monroe was higher at 8.47%. This indicates that South Monroe has seen positive growth and provides assurance to prospective buyers that their investment will not depreciate quickly.
The median home cost in South Monroe is $164,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in South Monroe is up 13.1%.
Average Age of Homes
- The median age of South Monroe real estate is 44 years old
The Rental Market in South Monroe
- Renters make up 27.0% of the South Monroe population
- 1.0% of houses and apartments in South 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.