Housing in Monroe

A typical Monroe home is worth roughly $212,000

Typical home value

$212K

OH $249K

Estimate

2-bedroom rent

$1,190

a month, utilities in · HUD

Median tax bill

$1,917

OH $2,822

Affordability

A typical home costs 2.5 years of income

Less than across Ohio (3.5 years). Try your own numbers below.

You could afford about

$323,000

Typical Monroe home $212K

That covers a typical Monroe home, with $111K to spare.

The typical home, each month

$1,270

Loan $1,050Tax $160Insurance $60

A two-bedroom rents for about $1,190 a month here, $80 less than owning.

Where your budget reaches nearby

Orange$175K Union$223K Sherrodsville$239K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Monroe’s typical property tax (0.91% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,190

Renters already here pay a median of $1,019, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$830

1 bedroom$930

2 bedrooms$1,190

3 bedrooms$1,510

4 bedrooms$1,600

15%

of households rent · OH 33%

131

renter households

16%

of renters spend 30%+ of income on rent · OH 46%

17%

of the median income, for a two-bedroom

$1,019

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Canton-Massillon, OH MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

85% of Monroe households own their home

Half of Monroe’s homes were built before 1975.

Owners and renters

Own 85%Rent 15%

Ohio: 67% own.

1975

typical home built · OH 1970

$1,917

median property tax bill · OH $2,822

0.91%

of a home’s value, a year in tax · OH 1.31%

13%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Monroe vs. its neighbors

Monroe is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.

Sherrodsville$239K Union$223K Monroe$212K Orange$175K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Monroe	$212K*	—	$1,190	$83,311
Orange	$175K*	—	$1,080	$79,676
Union	$223K*	+15.8%†	$970	$44,702
Sherrodsville	$239K	+8.5%	$1,390	$73,542

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.

Town Square →

Weigh in

Is Monroe still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.