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Monroe County Housing Market

Michigan · 83 counties · Ranked #2076 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$215,700

vs national$215,700 vs $281,900 national

Median Gross Rent

$1,017/mo

vs national$1,017 vs $1,163 national

Effective Tax Rate

1.16%

vs national+1.16% vs 1.02% national

Median Household Income

$75,272

vs national+$75,272 vs $74,755 national

Affordability Ratio

2.9x

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

Rent Burden

31.0%

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

More Housing Data

Property Tax (Median)

$2,492

Tax as % of Home Value

1.16%

Monthly Owner Cost

$1,119

Renter Income

$36,906

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Property Tax

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Mortgage

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Home Search

Browse Homes on Zillow

Search active listings in Monroe County. See photos, prices, and open house dates.

Similar Counties by Home Value

Ste. Genevieve County

Missouri

$215,600

Explore Related Data

Frequently Asked Questions

What is the median home value in Monroe County?

The median home value in Monroe County is $215,700. This is below the national median of $281,900.

How much is rent in Monroe County?

The median gross rent in Monroe County is $1,017 per month.

What is the property tax rate in Monroe County?

The effective property tax rate in Monroe County is 1.16%. The median annual property tax bill is $2,492.

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.