A typical Monroe home is worth roughly $271,000
Home prices around Monroe have risen about 50% over the past 5 years.
What kind of housing town is Monroe?
Read from the numbers below. The page puts what stands out first.
1 of Monroe’s houses are on the National Register
Half of Monroe’s homes were built before 1978.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Home prices up 50% in 5 years
The federal house price index for the ZIP codes around Monroe rose 50% over the past 5 years, slower than across Indiana (53%). Last year prices fell 1%. Carrying the Census median home value forward with that index puts the typical Monroe home at roughly $271,000 today.
Carrying the Census median forward with the index puts a typical home at about $271K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Monroe, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.9 years of income
About the same as across Indiana. Try your own numbers below.
That covers a typical Monroe home, with $13K to spare.
A two-bedroom rents for about $970 a month here, $590 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 (0.60% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $861, 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 (Blackford County, IN): 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 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 | $271K* | −1%† | $970 | $70,175 |
| Van Buren | $162K | +2.9% | $1,010 | $54,960 |
| Center | $84K* | −0.3%† | $970 | $42,698 |
| Jefferson | $192K* | +4.5%† | $980 | $70,694 |
| Washington | $163K* | +3.2%† | $960 | $98,869 |
| Mill | $120K* | +7.6%† | $1,010 | $56,280 |
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. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.