Monroe, MI Real Estate
According to census data in the year 2000 there were 9,163 housing units in Monroe.
This represents a 3.7% growth from 8,840 in 1990.
Of those housing units, 9,146 were located in either urbanized areas or urban clusters, and 17 were located in what is classified as a rural area.
Homeownership rate in Monroe is about 61.6%.
Monroe's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Monroe were built after 1951.
|Housing Units by Size|
|Five Bedrooms or more||2.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.7|
|Median year structure was built||1949|
|Median Value of occupied units||$115,500|
|Median Price asked for vacant units||$93,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.15|
|Median year structure was built||1954|
|Median Monthly Rent asked for vacant units||$513|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||10.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.5%|