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 Size

Housing Units by Size
Studio Type1.60%
One Bedroom14.20%
Two Bedrooms26%
Three Bedrooms41.40%
Four Bedrooms14.20%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1949
Median Value of occupied units$115,500
Median Price asked for vacant units$93,000

Rented Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1954
Median Monthly Rent asked for vacant units$513

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5.20%
Home Equity Loan10.80%
Simple Mortgage49.10%
Debt Free34.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%