Monroe County, MI Housing

The housing market in Monroe, MI County is thriving. The median value of a house is $209,200, which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Monroe County is 9.09%, higher than the US average of 8.27%. This indicates that housing in Monroe County is growing in value at a faster rate than the national average and presents an opportunity for savvy investors to capitalize on appreciating property values.

The median home cost in Monroe County is $209,200. Home appreciation the last 10 years has been 109.6%. Home Appreciation in Monroe County is up 13.3%.

Average Age of Homes

- The median age of Monroe County real estate is 45 years old

The Rental Market in Monroe County

- Renters make up 19.2% of the Monroe County population
- 0.5% of houses and apartments in Monroe County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monroe, Michigan	United States
	65,498.0	139,647,020.0
	48	42
	$209,200	$338,100
	13.3%	16.6%
	49.7%	57.0%
	109.6%	101.1%
	$12.81	$10.98
	$2,235	$2,690
	76.0%	57.4%
	6.1%	11.2%
	17.9%	31.4%
Vacant Housing
	0.5%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.2%	0.4%
	0.6%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	3.8%	2.4%
	3.0%	2.8%
	3.1%	3.9%
	4.2%	4.5%
	20.1%	11.3%
	20.1%	13.0%
	25.7%	20.1%
	9.6%	13.6%
	3.6%	8.3%
	2.0%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.9%	13.6%
	12.9%	13.6%
	15.1%	13.6%
	7.3%	13.2%
	15.0%	14.8%
	15.1%	13.6%
	12.7%	10.0%
	6.9%	4.7%
	16.3%	12.2%

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