The housing market in 48162 Monroe, MI is performing better than the national housing market, with a median value of $185,700 and an appreciation rate of 8.47%. This is higher than the US median value of $338,100 and the national 1 year house appreciation rate of 8.27%. The strong performance of the housing in Monroe indicates a healthy and stable real estate market that should continue to provide benefits for those looking to buy or sell in this area.
The median home cost in Monroe (zip 48162) is $185,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Monroe (zip 48162) is up 13.1%.
Average Age of Homes
- The median age of Monroe (zip 48162) real estate is 51 years old
The Rental Market in Monroe (zip 48162)
- Renters make up 28.9% of the Monroe (zip 48162) population
- 1.1% of houses and apartments in Monroe (zip 48162), 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.