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Monroe Metro Area Housing

 

As of 2010-2014, median price of a house in Monroe Area is $137,500, which is higher than the state average of $120,200 and is lower than the national average of $175,700. The median year that a house in Monroe Area was built is 1973, which is newer than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 46,182 Owner Occupied Houses in Monroe Area, #342
Monroe Area
137,500 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2005-2009, see rank
Monroe Area
-16.87%
Michigan
3.98%
U.S.
46.91%

*The Monroe Area median house price growth rate is since 2005-2009. The Michigan and U.S population growth rate is since 2000.
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Monroe AreaMichiganU.S.
Total Housing Units63,189, see rank, 100%4,532,719132,741,033
Occupied Housing Units58,328, 92.31%, see rank84.45%87.55%
Owner Occupied46,182, 73.09%, see rank60.41%56.34%
Renter Occupied12,146, 19.22%, see rank24.04%31.21%
Vacant Housing Units4,861, 7.69%, see rank15.55%12.45%
For Rent1,307, 2.07%, see rank1.84%2.34%
For Sale Only1,547, 2.45%, see rank1.40%1.20%
Rented or Sold, Not Occupied295, 0.47%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use314, 0.50%, see rank6.26%3.97%
For Migrant Workers28, 0.04%, see rank0.05%0.03%
Other Vacant1,370, 2.17%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #525
Monroe AreaMichiganU.S.
197319691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Monroe Area%MichiganU.S.
Owner-Occupied Units46,182100%2,738,01274,787,460
With a Mortgage29,94664.84%, see rank63.63%65.58%
Without a Mortgage16,23635.16%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Monroe Area
1,355 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMonroe Area%MichiganU.S.
$299 or Less720.24%, see rank0.19%0.20%
$300 to $4994891.63%, see rank1.88%1.59%
$500 to $6991,4995.01%, see rank6.65%5.01%
$700 to $9995,02616.78%, see rank19.56%14.32%
$1,000 to $1,49911,17337.31%, see rank34.69%27.90%
$1,500 to $1,9997,29924.37%, see rank20.06%20.35%
$2,000 to $2,9993,68812.32%, see rank12.84%19.52%
$3,000 or More7002.34%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Monroe Area
22.50% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Monroe Area%MichiganU.S.
10% or Less1,8576.20%, see rank5.90%5.86%
10% to 20%10,44434.88%, see rank35.28%31.95%
20% to 30%8,64428.87%, see rank27.51%27.64%
30% to 40%3,73112.46%, see rank12.63%13.74%
40% or More5,17317.27%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Monroe Area
439 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMonroe Area%MichiganU.S.
$199 or Less7744.77%, see rank4.74%7.76%
$200 to $2992,31714.27%, see rank12.46%14.70%
$300 to $4997,07043.55%, see rank40.41%34.63%
$500 to $6994,21025.93%, see rank25.95%21.16%
$700 or More1,86511.49%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Monroe Area
12.50% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Monroe Area%MichiganU.S.
10% or Less6,26038.56%, see rank35.33%40.19%
10% to 20%5,47533.72%, see rank33.76%31.47%
20% to 30%2,08612.85%, see rank13.39%12.24%
30% to 40%8865.46%, see rank6.18%5.64%
40% or More1,3718.44%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Monroe AreaMichiganU.S.
Total Housing Units63,189, 100%4,532,719132,741,033
1-unit, Detached47,941, 75.87%, see rank71.97%61.65%
1-unit, Attached1,674, 2.65%, see rank4.66%5.82%
2 Units1,316, 2.08%, see rank2.58%3.75%
3 or 4 Units1,122, 1.78%, see rank2.56%4.43%
5 to 9 Units1,866, 2.95%, see rank4.20%4.78%
10 or More Units3,451, 5.46%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.5,819, 9.21%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Monroe AreaMichiganU.S.
Total Housing Units63,189, 100%4,532,719132,741,033
1 Room425, 0.67%, see rank1.24%1.95%
2 Rooms446, 0.71%, see rank1.78%2.48%
3 Rooms2,818, 4.46%, see rank7.14%9.13%
4 Rooms7,253, 11.48%, see rank14.38%16.60%
5 Rooms12,439, 19.69%, see rank21.00%20.41%
6 Rooms14,215, 22.50%, see rank20.07%18.06%
7 Rooms11,447, 18.12%, see rank13.45%12.27%
8 Rooms7,123, 11.27%, see rank9.27%8.48%
9 Rooms or More7,023, 11.11%, see rank11.67%10.60%
Median Rooms6.10, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Monroe AreaMichiganU.S.
Total Housing Units63,189, 100%4,532,719132,741,033
No Bedroom450, 0.71%, see rank1.35%2.17%
1 Bedroom3,807, 6.02%, see rank9.11%11.16%
2 Bedrooms12,743, 20.17%, see rank26.33%26.69%
3 Bedrooms33,134, 52.44%, see rank43.93%39.70%
4 Bedrooms10,755, 17.02%, see rank15.80%16.05%
5 or More Bedrooms2,300, 3.64%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Monroe AreaMichiganU.S.
Total Housing Units58,328, 100%3,827,880116,211,092
Utility Gas46,966, 80.52%, see rank77.13%48.85%
Bottled, Tank, or LP Gas4,811, 8.25%, see rank8.48%4.86%
Electricity3,885, 6.66%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.661, 1.13%, see rank1.40%5.86%
Coal or Coke9, 0.02%, see rank0.03%0.12%
Wood1,092, 1.87%, see rank3.39%2.12%
Solar Energy6, 0.01%, see rank0.02%0.05%
Other Fuel718, 1.23%, see rank0.86%0.47%
No Fuel Used180, 0.31%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMonroe AreaMichiganU.S.
Occupied Units Paying Rent11,283, 100%1,028,83539,201,928
$199 or Less147, 1.30%, see rank1.86%1.50%
$200 to $299489, 4.33%, see rank3.88%3.18%
$300 to $4991,023, 9.07%, see rank9.32%7.37%
$500 to $6992,397, 21.24%, see rank23.63%16.01%
$700 to $9994,146, 36.75%, see rank35.23%29.17%
$1,000 to $1,4992,617, 23.19%, see rank20.17%26.88%
$1,500 to $1,999312, 2.77%, see rank3.85%9.79%
$2,000 or More152, 1.35%, see rank2.06%6.10%
Median$791, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Monroe AreaMichiganU.S.
Occupied Housing Units58,328, 100%3,827,880116,211,092
No Vehicles Available3,001, 5.15%, see rank7.97%9.12%
1 Vehicles Available18,057, 30.96%, see rank35.06%33.80%
2 Vehicles Available23,281, 39.91%, see rank38.45%37.48%
3 or More Vehicles Available13,989, 23.98%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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