Monroe appreciation rates and housing market information

Monroe housing market information

With 19,247 people, 6,601 houses or apartments, and a median cost of homes of $512,439, Monroe house prices are not only among the most expensive in Connecticut, Monroe real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Monroe, accounting for 86.90% of the town's housing units. Other types of housing that are prevalent in Monroe include row houses and other attached homes (6.83%), large apartment complexes or high rise apartments (3.64%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.64%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Monroe. Owner-occupied housing accounts for 91.70% of Monroe's homes, and 77.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Monroe built from 1970-1994, 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 from 1940-1969 (41.01%). A lesser amount of the housing stock also hails from 1995 and later (10.01%), and some were built from 1939 and earlier (10.01%).

Monroe home appreciation rates

Appreciation rates for homes in Monroe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.06%, which ranks in the top 40% nationwide. This equates to an annual average Monroe house appreciation rate of 8.30%.

Over the last year, Monroe appreciation rates have trailed the rest of the nation. In the last twelve months, Monroe's appreciation rate has been -5.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monroe were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Connecticut, our data show that Monroe's latest annual appreciation rate is higher than 34% of the other cities and towns in Connecticut.