Monroe, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Monroe Neighborhoods Since 2000




Monroe, CT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Monroe Housing Market Information

With 19,833 people, 6,694 houses or apartments, and a median cost of homes of $381,996, 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 84.77% of the town's housing units. Other types of housing that are prevalent in Monroe include row houses and other attached homes ( 8.36%), duplexes, homes converted to apartments or other small apartment buildings ( 3.87%), and a few large apartment complexes or high rise apartments ( 2.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monroe. Owner-occupied housing accounts for 91.75% of Monroe's homes, and 76.36% have either three or four bedrooms, which is average sized relative to America.

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 ( 34.57%). A lesser amount of the housing stock also hails from before 1939 ( 7.85%). There's also some housing in Monroe built between 2000 and later ( 3.09%).

Monroe Home Appreciation Rates

Homes have actually lost value in Monroe over the last then years, as home values have seen a decline of 24.80% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Monroe home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

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 0.47%, 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 -1.81%, which equates to an annual appreciation rate of -7.04%.

Notably, Monroe's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Monroe's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$381,996

Monroe, CT HOME PRICES

Value Range
> $1,000,000 1.0
$751,001 - $1,000,000 2.2
$500,001 - $751,000 20.3
$400,001 - $500,000 20.3
$300,001 - $400,000 26.3
$200,001 - $300,000 23.7
$100,001 - $200,000 4.4
$50,001 - $100,000 0.6
$0 - $50,000 1.3

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
10.2836048283136 17.7514792899408

Number Of Homes And Apartments:
6,694

Monroe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.77% 0.85% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,343 / per month

Homeownership Rate

Homeownership
Owners 91.75
Renters 8.25
Vacant 5.01

Housing Market Details

 

Age of Homes

AGE OF Monroe HOMES
2000 or Newer 3.1
1970 - 1999 54.5
1940 - 1969 34.6
1939 or Older 7.8

Types of Homes

TYPE OF Monroe HOMES
Single-Family 84.8
Townhomes 8.4
Small Apt. Buildings 3.9
Apt. Complexes 3.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Monroe HOMES
No Bedroom 0.28
1 Bedroom 5.02
2 Bedrooms 12.98
3 Bedrooms 40.16
4 Bedrooms 36.20
5 or more bedrooms 5.35