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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Monroe, OH Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Monroe, OH Housing Market Trends

With a population of 15,489, 5,333 total housing units (homes and apartments), and a median house value of $307,546, 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 88.09% of the city's housing units. Other types of housing that are prevalent in Monroe include row houses and other attached homes ( 4.63%), large apartment complexes or high rise apartments ( 4.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.89%).

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 77.96% of Monroe's homes, and 78.48% have either three or four bedrooms, which is average sized relative to America.

Monroe homes and real estate are some of the newest in America. 52.34% of Monroe's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Monroe real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 24.93%), and between 1940-1969 ( 21.18%). There's also some housing in Monroe built before 1939 ( 1.56%).

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 97.58%, which ranks in the top 40% nationwide. This equates to an annual average Monroe house appreciation rate of 7.05%.

NeighborhoodScout's data show that during the latest twelve months, Monroe's appreciation rate, at 6.60%, has been at or slightly above the national average. In the latest quarter, Monroe's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.

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

Average Home Values

Median Home Value

$307,546

Monroe, OH Home Prices
> $1,268,000
$951,001 - $1,268,000
$634,001 - $951,000
$507,001 - $634,000
$380,001 - $507,000
$254,001 - $380,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
0.0%
0.0%
0.1%
0.1%
4.4%
4.4%
4.8%
4.8%
18.7%
18.7%
44.2%
44.2%
19.9%
19.9%
3.0%
3.0%
4.9%
4.9%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

5,333

Monroe Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,327 / per month

Homeownership Rate

Owners
Renters
78.0%
78.0%
22.0%
22.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.4%
2.4%
97.6%
97.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
52.3%
52.3%
24.9%
24.9%
21.2%
21.2%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
88.1%
88.1%
4.6%
4.6%
2.9%
2.9%
4.4%
4.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.6%
1.6%
16.6%
16.6%
48.7%
48.7%
29.8%
29.8%
3.3%
3.3%
0% 100.0%
% of Homes