Monroe, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Monroe Neighborhoods Since 2000




Monroe, NY 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 8,632 people, 2,654 houses or apartments, and a median cost of homes of $296,626, 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 69.18% of the village's housing units. Other types of housing that are prevalent in Monroe include duplexes, homes converted to apartments or other small apartment buildings ( 14.63%), row houses and other attached homes ( 8.74%), and a few large apartment complexes or high rise apartments ( 6.17%).

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 79.42% of Monroe's homes, and 66.68% 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 ( 20.80%). A lesser amount of the housing stock also hails from before 1939 ( 18.69%). There's also some housing in Monroe built between 2000 and later ( 12.13%).

Monroe Home Appreciation Rates

Homes have actually lost value in Monroe over the last then years, as home values have seen a decline of 25.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Monroe home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Monroe's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, Monroe's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Monroe's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$296,626

Monroe, NY HOME PRICES

Value Range
> $1,077,000 0.6
$808,001 - $1,077,000 0.9
$539,001 - $808,000 8.7
$431,001 - $539,000 11.0
$323,001 - $431,000 29.4
$216,001 - $323,000 33.1
$107,001 - $216,000 11.4
$54,001 - $107,000 1.8
$0 - $54,000 3.0

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
16.5885386147896 32.5476992143659

Number Of Homes And Apartments:
2,654

Monroe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
33.24% 1.68% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,865 / per month

Homeownership Rate

Homeownership
Owners 79.42
Renters 20.58
Vacant 6.42

Housing Market Details

 

Age of Homes

AGE OF Monroe HOMES
2000 or Newer 12.1
1970 - 1999 48.4
1940 - 1969 20.8
1939 or Older 18.7

Types of Homes

TYPE OF Monroe HOMES
Single-Family 69.2
Townhomes 8.7
Small Apt. Buildings 14.6
Apt. Complexes 6.2
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Monroe HOMES
No Bedroom 1.13
1 Bedroom 6.88
2 Bedrooms 21.05
3 Bedrooms 29.37
4 Bedrooms 37.31
5 or more bedrooms 4.27