The housing market in Monroe, SD (57047) is a strong one. According to data provided, the median value of houses in this area is $130,500 which is significantly lower than the US median value of $338,100. Despite the lower median value, appreciation for houses in Monroe has been increasing rapidly with 1 year appreciation at 12.74% compared to 8.27% nationally. This means that homeowners can expect to see an increase in their home's value over time if they decide to stay here for the long term.
The median home cost in Monroe (zip 57047) is $130,500. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Monroe (zip 57047) is up 18.1%.
Average Age of Homes
- The median age of Monroe (zip 57047) real estate is 72 years old
The Rental Market in Monroe (zip 57047)
- Renters make up 33.0% of the Monroe (zip 57047) population
- 0.0% of houses and apartments in Monroe (zip 57047), 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.