A typical Monroe home is worth roughly $219,000
What kind of housing town is Monroe?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.4 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Monroe home, with $99K to spare.
A two-bedroom rents for about $1,310 a month here, $180 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Monroe’s typical property tax (1.88% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
91% of Monroe households own their home
Half of Monroe’s homes were built before 1974.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $1,310
Renters already here pay a median of $1,074, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (DeKalb County, IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Monroe vs. its neighbors
Monroe is the 3rd priciest of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Monroe | $219K* | — | $1,310 | $93,056 |
| Scott | $207K* | +10.5%† | $1,330 | $109,500 |
| Franklin | $221K* | +8.4%† | $1,440 | $88,431 |
| Lynnville | $190K* | — | $1,230 | $91,607 |
| Cherry Valley | $303K | +8.6% | $1,090 | $69,367 |
| Rockford | $187K | +9.8% | $1,160 | $55,922 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Monroe buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.