The housing market in the Monroe, MI Metro Area is thriving. According to recent estimates, the median value of a house in this area is $209,200, which is significantly lower than the US median value of $338,100. Furthermore, the 1-year house appreciation rate for this area is 9.09%, which is slightly higher than the national average of 8.27%. This indicates that there are good opportunities for potential buyers and investors in this region. Overall, it appears that Monroe's housing market has many attractive features and could be a great investment option for those looking to buy or invest in a home.
The median home cost in Monroe Metro Area is $209,200. Home appreciation the last 10 years has been 109.6%. Home Appreciation in Monroe Metro Area is up 13.3%.
Average Age of Homes
- The median age of Monroe Metro Area real estate is 45 years old
The Rental Market in Monroe Metro Area
- Renters make up 19.2% of the Monroe Metro Area population
- 0.5% of houses and apartments in Monroe Metro Area, 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.