The housing market in Monroe, UT is quite competitive, with the median value of homes being $320,200. This is slightly lower than the US house median value of $338,100. In the last year, Monroe has seen a 7.86% house appreciation rate, slightly below the national average of 8.27%. However, it’s still an attractive place to live with its competitive pricing and recent house appreciation rate. With its close proximity to Salt Lake City and diverse range of cultural attractions nearby, Monroe makes a great choice for potential homebuyers looking for a place to call home.
The median home cost in Monroe is $320,200. Home appreciation the last 10 years has been 170.2%. Home Appreciation in Monroe is up 19.9%.
Average Age of Homes
- The median age of Monroe real estate is 38 years old
The Rental Market in Monroe
- Renters make up 14.1% of the Monroe population
- 1.7% 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.