Monroe, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monroe, OH 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 13,393 people, 4,791 houses or apartments, and a median cost of homes of $168,977, Monroe real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Monroe, accounting for 79.64% of the city's housing units. Other types of housing that are prevalent in Monroe include large apartment complexes or high rise apartments ( 11.94%), row houses and other attached homes ( 4.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.71%).

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 72.12% of Monroe's homes, and 72.40% 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. 45.39% 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 ( 31.86%), and between 1940-1969 ( 17.84%). There's also some housing in Monroe built before 1939 ( 4.91%).

Monroe Home Appreciation Rates

Real estate appreciation rates in Monroe's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, Monroe's appreciation rate, at 3.84%, has been at or slightly above the national average. In the latest quarter, Monroe's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$168,977

Monroe, OH HOME PRICES

Value Range
> $1,102,000 0.0
$827,001 - $1,102,000 0.0
$551,001 - $827,000 0.3
$441,001 - $551,000 0.4
$331,001 - $441,000 2.3
$220,001 - $331,000 11.9
$110,001 - $220,000 77.3
$55,001 - $110,000 5.3
$0 - $55,000 2.3

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
41.9899214813079 26.6404199475066

Number Of Homes And Apartments:
4,791

Monroe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
10.34% 0.57% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Homeownership
Owners 72.12
Renters 27.88
Vacant 5.95

Housing Market Details

 

Age of Homes

AGE OF Monroe HOMES
2000 or Newer 45.4
1970 - 1999 31.9
1940 - 1969 17.8
1939 or Older 4.9

Types of Homes

TYPE OF Monroe HOMES
Single-Family 79.6
Townhomes 4.7
Small Apt. Buildings 3.7
Apt. Complexes 11.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Monroe HOMES
No Bedroom 3.99
1 Bedroom 2.16
2 Bedrooms 17.04
3 Bedrooms 46.94
4 Bedrooms 25.46
5 or more bedrooms 4.42