Home/Alabama/Monroe County

Monroe County Housing Market

Alabama · 67 counties · Ranked #523 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$114,900

vs national$114,900 vs $281,900 national

Median Gross Rent

$721/mo

vs national$721 vs $1,163 national

Effective Tax Rate

0.32%

vs national0.32% vs 1.02% national

Median Household Income

$40,225

vs national$40,225 vs $74,755 national

Affordability Ratio

2.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$362

Tax as % of Home Value

0.32%

Monthly Owner Cost

$552

Renter Income

$25,580

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Monroe County?

The median home value in Monroe County is $114,900. This is below the national median of $281,900.

How much is rent in Monroe County?

The median gross rent in Monroe County is $721 per month.

What is the property tax rate in Monroe County?

The effective property tax rate in Monroe County is 0.32%. The median annual property tax bill is $362.

Is Monroe County affordable?

With a home-value-to-income ratio of 2.9x, Monroe County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.