The housing in 04951 Monroe, ME is significantly more affordable than the national median. With a median value of $278,100, it is almost $60,000 less than the US Median Value of $338,100. In addition to an already lower cost of living compared to other parts of the country, Monroe's housing market has seen impressive growth over the last year with an appreciation rate of 16.46%, more than double the 8.27% growth rate in US housing overall. For those looking for a place to call home that is both cost effective and offers plenty of potential for growth and return on investment, Monroe is certainly worth considering.
The median home cost in Monroe (zip 04951) is $278,100. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Monroe (zip 04951) is up 20.6%.
Average Age of Homes
- The median age of Monroe (zip 04951) real estate is 35 years old
The Rental Market in Monroe (zip 04951)
- Renters make up 14.9% of the Monroe (zip 04951) population
- 0.0% of houses and apartments in Monroe (zip 04951), 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.