The housing market in Monroe charter township, MI has been doing well, with the median home value being $215,600. This is below the US house median value of $338,100; however, it still has seen a strong appreciation over the past year at 8.47%, only slightly lower than the US 1 year appreciation rate of 8.27%. This makes Monroe charter township a desirable location for those looking to buy a home and ride on the wave of increasing values.
The median home cost in Monroe charter is $215,600. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Monroe charter is up 13.1%.
Average Age of Homes
- The median age of Monroe charter real estate is 39 years old
The Rental Market in Monroe charter
- Renters make up 20.8% of the Monroe charter population
- 0.5% of houses and apartments in Monroe charter, 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.