Housing in Monroe, SD

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — May 2024

Median Sale Price

$30,000

Median List Price

N/A

Price Per Sq Ft

$25

Days on Market

Active Inventory

N/A

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

78.9%

Buyer's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$25

Monroe vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Monroe is highlighted.

Median Home Value

2nd%ilemost expensive$46,500show rank

Median Rent

16th%ilemost expensive rent$697show rank

Median Price Per Sq Ft

1st%ilemost expensive $/sqft$25show rank

Rent Burden

74th%ilehighest rent burden22.6%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$46,500

Median Rent

$697

Total Housing Units

143

Vacancy Rate

11.2%

Owner Occupied

74.0%

Renter Occupied

26.0%

Median Property Tax

$571

per year

Monthly Cost (w/ Mortgage)

$375

Housing Types

Single Family

76.9%

Multi-Family

7.7%

Mobile Home

15.4%

The current median sale price in Monroe, SD is $30,000 according to Redfin data. Homes spend a median of 90 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $25. The median rent is $697 per month (Census ACS). About 74.0% of housing units are owner-occupied. The median year homes were built is 1960. There are 143 total housing units.