Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 15,673, 4,579 total housing units (homes and apartments), and a median house value of $346,207, Monroe real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Monroe, accounting for 63.65% of the city's housing units. Other types of housing that are prevalent in Monroe include duplexes, homes converted to apartments or other small apartment buildings ( 21.76%), large apartment complexes or high rise apartments ( 10.55%), and a few mobile homes or trailers ( 2.23%).
Renters dominate Monroe's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Monroe built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Monroe built between 1940-1969 ( 25.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.39%). There's also some housing in Monroe built before 1939 ( 9.38%).
In the last 10 years, Monroe has experienced some of the highest home appreciation rates of any community in the nation. Monroe real estate appreciated 150.13% over the last ten years, which is an average annual home appreciation rate of 9.60%, putting Monroe in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Monroe definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Monroe's appreciation rate, at 6.23%, has been at or slightly above the national average. In the latest quarter, Monroe's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Monroe's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Monroe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Monroe - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Monroe real estate investment or home purchase decisions.
$346,207
for Georgia
for nation
4,579
$2,114 / per month