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Monroe County Housing Market

Tennessee · 95 counties · Ranked #1906 in home value

Below National Avg

Housing at a Glance

Median Home Value

$199,700

vs national$199,700 vs $281,900 national

Median Gross Rent

$699/mo

vs national$699 vs $1,163 national

Effective Tax Rate

0.44%

vs national0.44% vs 1.02% national

Median Household Income

$56,648

vs national$56,648 vs $74,755 national

Affordability Ratio

3.5x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$887

Tax as % of Home Value

0.44%

Monthly Owner Cost

$629

Renter Income

$28,006

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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 $199,700. This is below the national median of $281,900.

How much is rent in Monroe County?

The median gross rent in Monroe County is $699 per month.

What is the property tax rate in Monroe County?

The effective property tax rate in Monroe County is 0.44%. The median annual property tax bill is $887.

Is Monroe County affordable?

With a home-value-to-income ratio of 3.5x, Monroe County is moderately 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.