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Monroe, MI
Full City Profile · Michigan · Monroe County County
3.0
/5.0
B
Good
20,330
Population
2,246/sq mi density
$59,532
Median Income
$30,892 per capita
$161,500
Home Value
$217,214 Zillow
$898
Median Rent
34.7% income on rent
50°F
Avg Temperature
282 sunny days/yr
287
Violent Crime/100K
1,865 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$59,532 median income, 3.9% unemployment
A+
Affordability
5.0 / 5.0
$161,500 home value, $898/mo rent
F
Safety
1.0 / 5.0
287 violent crimes/100K
C+
Education
2.7 / 5.0
21.5% bachelor's degree or higher
Housing Overview
Median Home Value
$161,500
43% below
US avg: $281,900
Median Rent
$898/mo
23% below
US avg: $1,163/mo
Homeownership Rate
67.8%
4% above US avg (65.4%)
Total Housing Units
9,011
Median year built: 1953
Home Value by Source
Census Median
$161,500
Zillow (ZHVI)
$217,214
Median Sale Price
$172,500
Median List Price
$192,777
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.8%
Owner-Occupied
32.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$914/mo
1 Bedroom
$1,011/mo
2 Bedroom
$1,326/mo
3 Bedroom
$1,605/mo
4 Bedroom
$2,147/mo
Census median rent:
$898/mo
· Zillow rent:
$1,190/mo
Market Indicators (Redfin)
Median Days on Market
60 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
19
Price Drops
23.9%
of listings with price reduction
Price Per Sq Ft
$125
Active Inventory
46
homes for sale
Affordability & Housing Stock
Rent Burden
34.7%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
67.8%
Complete Housing Data
Home Values
| Census Median Value | $161,500 |
| Zillow Home Value (ZHVI) | $217,214 |
| Median Sale Price | $172,500 |
| Median List Price | $192,777 |
| Price Per Sq Ft | $125 |
Rent
| Census Median Rent | $898 |
| Zillow Rent (ZORI) | $1,190 |
| FMR Studio | $914 |
| FMR 1-Bedroom | $1,011 |
| FMR 2-Bedroom | $1,326 |
| FMR 3-Bedroom | $1,605 |
| FMR 4-Bedroom | $2,147 |
Market
| Days on Market | 60 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.9% |
| Homes Sold | 19 |
| Active Inventory | 46 |
| Price Per Sq Ft | $125 |
Ownership & Stock
| Owner-Occupied | 67.8% |
| Renter-Occupied | 32.2% |
| Homeownership Rate | 67.8% |
| Total Housing Units | 9,011 |
| Median Year Built | 1953 |
| Rent Burden | 34.7% |