Monroe, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monroe, NY Real Estate Data


Monroe Housing Market Information

With 8,632 people, 2,692 houses or apartments, and a median cost of homes of $315,761, 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 67.87% 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 ( 14.29%), row houses and other attached homes ( 8.19%), and a few large apartment complexes or high rise apartments ( 8.12%).

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 82.58% of Monroe's homes, and 69.37% 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 ( 21.89%). A lesser amount of the housing stock also hails from before 1939 ( 20.38%). There's also some housing in Monroe built between 2000 and later ( 8.87%).

Monroe Home Appreciation Rates

Homes have actually lost value in Monroe over the last then years, as home values have seen a decline of 27.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Monroe home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

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 3.74%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Monroe's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$315,761

Monroe, NY HOME PRICES

Value Range
> $1,037,000 0.5
$778,001 - $1,037,000 1.3
$518,001 - $778,000 6.9
$414,001 - $518,000 12.1
$311,001 - $414,000 30.6
$207,001 - $311,000 33.6
$104,001 - $207,000 10.3
$52,001 - $104,000 2.1
$0 - $52,000 2.6

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
15.4008315277859 31.7620650953984

Number Of Homes And Apartments:
2,692

Rent & Ownership

 

Average Market Rent:
$1,657 / per month

Homeownership Rate

Homeownership
Owners 82.58
Renters 17.42
Vacant 7.78

Housing Market Details

 

Age of Homes

AGE OF Monroe HOMES
2000 or Newer 8.9
1970 - 1999 48.9
1940 - 1969 21.9
1939 or Older 20.4

Types of Homes

TYPE OF Monroe HOMES
Single-Family 67.9
Townhomes 8.2
Small Apt. Buildings 14.3
Apt. Complexes 8.1
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Monroe HOMES
No Bedroom 1.27
1 Bedroom 8.19
2 Bedrooms 17.33
3 Bedrooms 32.03
4 Bedrooms 37.34
5 or more bedrooms 3.84

Monroe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
30.73% 1.59% 1 3
* 10 is highest