Housing · Monroe
Monroe, MI housing market
The typical Monroe home is worth about $223,000, up 5.8% in a year, 16% below the Michigan typical home.
Home values, sales, trends and how Monroe compares with the towns next door — updated as new data is published.
The market right now
Monroe at a glance
Typical home value
$223K
▲ 5.8% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
MonroeMichigan
Show as a table
| January | Monroe | Michigan |
|---|---|---|
| 2017 | $133,000 | $144,000 |
| 2018 | $141,000 | $155,000 |
| 2019 | $148,000 | $165,000 |
| 2020 | $153,000 | $175,000 |
| 2021 | $168,000 | $194,000 |
| 2022 | $176,000 | $217,000 |
| 2023 | $185,000 | $230,000 |
| 2024 | $196,000 | $241,000 |
| 2025 | $205,000 | $253,000 |
| 2026 | $219,000 | $262,000 |
| August 2026 | $223,000 | $266,000 |
Nearby
Monroe and its neighbors
The towns that share a border. Tap one to see its housing page.
Affordability
3.3 years of income
The typical Monroe home costs about 3.3 years of the town's median household income, less than across Michigan (3.7 years).
How Monroe ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
80%
Michigan: 73.2%
Median tax bill
$2,348
Michigan: $2,904
Median rent
$1,021
Michigan: $1,129
Typical home built
1979
Michigan: 1972
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.