Home prices
The median home in Monroe costs $122,300. In comparison to its surrounding areas this is roughly $13,080 (11%) higher.In comparison to the rest of the country it is roughly $95,200 (43%) lower, and compared to the city of Detroit is approximately $73,100 (148%) higher.
Rents
Monroe's median rent is $741 per month. It is approximately $176 (19%) lower compared to nearby areas.It is roughly $321 (30%) lower in comparison to the country as a whole, and in comparison to the city of Detroit is roughly $83 (10%) lower.
Nearby places
West Monroe
West Monroe is Monroe's neighbor to the west. Real estate prices there are a lot less expensive. The median home price in West Monroe is $62,400, which comes out to $59,900 (95%) lower than Monroe. Its rents are substantially more expensive. In West Monroe the median monthly rent is $1,091, which comes out to $350 (32%) higher than Monroe.
South Monroe
South Monroe is Monroe's neighbor to the southwest. The real estate prices there are a little more expensive. The median home in South Monroe is valued at $132,400, which is $10,100 (7%) higher than Monroe. Rent there is pretty similar. The median rent in South Monroe is $735 a month, which is very similar to Monroe.
Detroit Beach
Detroit Beach is about 2 miles northeast of Monroe. The real estate prices there are somewhat less expensive. The median home in Detroit Beach is valued at $106,900, which works out to $15,400 (14%) lower than Monroe. The rent there is a little less expensive. The median monthly rent in Detroit Beach is $604, which comes out to $137 (22%) lower than Monroe.
Woodland Beach
Woodland Beach is roughly 3 miles northeast from Monroe. The real estate prices there are similar. The median home in Woodland Beach costs $123,400, which is very similar to Monroe. Rent there is a bit more expensive. In Woodland Beach the median monthly rent is $986, which comes out to $245 (24%) higher than Monroe.
Stony Point
Stony Point is approximately 5 miles east of Monroe. The housing prices there are pretty similar. The median home in Stony Point is valued at $121,000, which works out to $1,300 (1%) lower than Monroe. Rent there is a lot more expensive. Stony Point's median rent is $1,171 per month, which comes out to $430 (36%) higher than Monroe.
