The housing market in Monroe, ME is doing particularly well compared to the rest of the US. The median house value in Monroe is $256,400, which is significantly lower than the US median of $338,100. However, the one year house appreciation rate for Monroe is 16.46%, much higher than the 8.27% appreciation rate for the US as a whole. This indicates that housing prices are increasing quickly and significantly in Monroe, making it an attractive place to purchase or invest in real estate.
The median home cost in Monroe is $256,400. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Monroe is up 20.6%.
Average Age of Homes
- The median age of Monroe real estate is 34 years old
The Rental Market in Monroe
- Renters make up 14.6% 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.