The housing market in Monroe, IN is thriving. The median home value in Monroe is $260,000, which is significantly lower than the US median of $338,100. Despite the lower median value, homes in Monroe have appreciated by 9.06% over the past year, slightly higher than the national average of 8.27%. This indicates that this neighborhood is becoming increasingly desirable for homeowners and investors alike. It is likely that the appreciation of homes will continue to be strong in the years to come as more people seek out Monroe as a place to live or invest in real estate.
The median home cost in Monroe is $260,000. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Monroe is up 15.6%.
Average Age of Homes
- The median age of Monroe real estate is 57 years old
The Rental Market in Monroe
- Renters make up 18.2% 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.