Monroe housing market
Typical home value
$270K
▲ 6.1% 1 yr
Typical rent
$1,277/mo
▲ 4.3% 1 yr
12-month forecast
+3.8%
#63 of 546 metros
Gross rent yield
5.7%
#312 of 546 · U.S. 6.3%
Days to pending
32 days
▲ +3 days 1 yr
Listings with a price cut
25%
▼ −2.2 pts 1 yr
Key takeaways
- 1The typical home is worth $270,413, up 6.1% in a year and up 28% over five years.
- 2Zillow forecasts home values rising 3.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,277/mo (+4.3% YoY), a 5.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,486/mo in principal and interest, $209 more than renting.
- 5Homes go under contract in 32 days (+3 days vs last year); 25% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 66/100, #9 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Monroe compares
| Measure | Monroe | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +6.1% | +1.2% | #36 |
| Home value, 5-yr change | +27.5% | +19.7% | |
| 12-month forecast | +3.8% | +1.1% | #63 |
| Rent, 1-yr change | +4.3% | +2.7% | #161 |
| Gross rent yield | 5.7% | 6.3% | #312 |
| Price-to-rent ratio | 17.6 | 15.8 | |
| Mortgage P&I on typical home | $1,486 | $2,012 | |
| Income needed to buy | $74,662 | $100,902 | |
| Days to pending | 32 | 56 |
Cities in the Monroe metro
1 cities with home value and rent data.
| Monroe | $221K | ▲ 5.6% | $1,236 | ▲ 5.4% | 6.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Monroe rental ($270K, $1,277/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Monroe home.
Rent vs buy
Is it cheaper to rent or buy in Monroe?
Renting out a property in Michigan? See deposit limits, late fee rules and notice periods.
Other Michigan metros
Detroit, MI
$264K home$1,514 rent6.9% yield
▲ 1.8% 1 yr
Grand Rapids, MI
$356K home$1,614 rent5.4% yield
▲ 4.9% 1 yr
Lansing, MI
$246K home$1,302 rent6.3% yield
▲ 3.6% 1 yr
Flint, MI
$196K home$1,041 rent6.4% yield
▲ 4.1% 1 yr
Ann Arbor, MI
$412K home$1,917 rent5.6% yield
▲ 2.4% 1 yr
Kalamazoo, MI
$274K home$1,287 rent5.6% yield
▲ 4.4% 1 yr
Saginaw, MI
$175K home$1,055 rent7.2% yield
▲ 5.4% 1 yr
Muskegon, MI
$255K home$1,288 rent6.1% yield
▲ 4.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.