The housing market in Monroe, IA County is thriving. With a median value of $132,000, it is significantly lower than the national median value of $338,100. However, this does not mean that it is any less desirable. In fact, the one year house appreciation rate of 11.61% in Monroe is higher than the US average of 8.27%, indicating that this area may be a good investment for prospective homeowners and property investors. As such, Monroe offers a great opportunity for those looking for an affordable place to live or invest in real estate.
The median home cost in Monroe County is $132,000. Home appreciation the last 10 years has been 64.1%. Home Appreciation in Monroe County is up 15.3%.
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 20.1% of the Monroe County population
- 3.7% 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.