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These days, finding an affordable place to live in the Monroe Center area can be challenging. Home prices in Monroe Center are now at a median cost of $286,030, higher than the Michigan average of $250,415.
The average cost of rent is $922/mo in Monroe Center, primarily driven by the current value of real estate in the Monroe Center area. In Monroe Center, 18.63% of households rent, and 33.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monroe Center is $6,966 per month. Households that rent pay about 13.23% of their income on rent here. Monroe Center’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grawn, MI: equally priced homes
- Karlin, MI: less expensive homes
- Interlochen, MI: equally priced homes
- Kingsley, MI: equally priced homes
- Buckley, MI: less expensive homes
- Mayfield, MI: equally priced homes
- Traverse City, MI: higher priced homes
- Summit City, MI: equally priced homes
- Wallin, MI: less expensive homes
- Maple Grove, MI: equally priced homes
Cities with Similar Populations
- Harwood, MO: less expensive homes
- Stockton, AL: less expensive homes
- Stitzer, WI: less expensive homes
- Stevensville, PA: less expensive homes
- Staves, AR: less expensive homes
- Stagecoach, TX: higher priced homes
- High Landing, MN: less expensive homes
- Hebo, OR: higher priced homes
- Hatchers, VA: higher priced homes
- Stockton, IA: higher priced homes
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