Housing in Monroe, MN is doing well compared to the rest of the country. The median value of a house in Monroe is $198,900, which is significantly lower than the US median of $338,100. However, over the past year Monroe has experienced an appreciation rate of 9.54%, higher than the national average of 8.27%. This indicates that Monroe's housing market is healthier than most and likely to continue increasing in value over time.
The median home cost in Monroe is $198,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Monroe is up 14.7%.
Average Age of Homes
- The median age of Monroe real estate is 51 years old
The Rental Market in Monroe
- Renters make up 9.3% 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.