Housing in Monroe, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$181,500
Median List Price
$188,900
Price Per Sq Ft
$139
Days on Market
34
Active Inventory
53
Months of Supply
3.3
Seller's market
Zillow Home Value
$209,708
ZHVI — January 2026
Zillow Rent Index
$1,110
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
37.5%
Off Market in 2 Weeks
28.6%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
16
New Listings
15
Pending Sales
21
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$139
Median List $/SF
$140
Monroe vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Monroe is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$161,500
Median Rent
$898
Total Housing Units
9,013
Vacancy Rate
5.4%
Owner Occupied
67.8%
Renter Occupied
32.2%
Median Property Tax
$2,218
per year
Monthly Cost (w/ Mortgage)
$1,065
Housing Types
The current median sale price in Monroe, MI is $181,500 according to Redfin data. Homes spend a median of 34 days on the market. 37.5% of homes sold above asking price. The market has 3.3 months of supply. The median price per square foot is $139. Zillow's observed rent index is $1,110/month. About 67.8% of housing units are owner-occupied. The median year homes were built is 1953. There are 9,013 total housing units.