Monroe, CT 06468 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monroe, CT—06468

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$645,000

7.4% YoY Growth

Household Income

$157,000

36.2% YoY Growth

Days on Market

53.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$3,400

17.6% YoY Growth

1-Bed Rent

$2,000

N/A

2-Bed Rent

$3,400

15.5% YoY Growth

3-Bed Rent

$3,800

18.7% YoY Growth

Home Price Trends — Monroe, CT

As of May '26, the median home price in Monroe, CT is $645,000, with a year-over-year change of 7.4%. This indicates that home prices in Monroe, CT are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$645,000	7.4%
Single Family	$674,000	7.8%
Condos	$418,000	8.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Monroe, CT

As of July '25, Rentcast reports the average rent in Monroe, CT is $3,470, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Monroe, CT is 1-bedrooms: $2,000, 2-bedrooms: $3,350, 3-bedrooms: $3,560, 4-bedrooms: $4,150. The most common rental property sizes in Monroe, CT are 1-bedroom and 3-bedroom, accounting for 50.4% and 28.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,400	$3,470
Studio Rent	N/A	N/A
1 Bed Rent	$2,000	$2,000
2 Bed Rent	$3,400	$3,350
3 Bed Rent	$3,800	$3,560
4 Bed Rent	$3,800	$4,150

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% of Rental Stock

Studio

1.6%

1 Bedroom

50.4%

2 Bedrooms

19.8%

3 Bedrooms

28.2%

Property Listings — Monroe, CT

As of May '26, Realtor.com reports that the median days on market for a home in Monroe, CT is 22. This is a increase of 53.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$725,000	0.0%
Listing Count	68	-13.0%
Listings as % of Homes	0.9%	-13.0%
Days on Market	22	53.0%

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Demographics — Monroe, CT

As of the latest ACS Survey released in 2023, Monroe, CT has a population of 18,800, which has decreased by -4.0% over the past 5 years. Monroe, CT is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 57.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,800	-4.0%
% Under 18	25.2%	0.0%
% Seniors	15.7%	1.9%
% WFH	13.7%	158.5%
% w/ College Degree	57.8%	19.4%

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As of the latest ACS Survey released in 2023, Monroe, CT is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Monroe, CT is hispanic, making up 6.8% of the population. Foreign-born residents account for 11.5% of the population in Monroe, CT, and this percentage has increased by 10.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.4%	-3.0%
% Black	0.8%	-38.5%
% Hispanic	6.8%	38.8%
% Asian	6.6%	22.2%
% Foreign Born	11.5%	10.6%

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Mortgage and Risk — Monroe, CT

According to HUD data as of 2023, there were 377 mortgage originations in Monroe, CT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Monroe, CT. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	377
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Monroe, CT

As of 2024, the percent of homes in Monroe, CT under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Monroe, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$350	$2,000	$1,650
2 Bedroom	-$1,400	$3,400	$2,000
3 Bedroom	-$1,240	$3,800	$2,560
4 Bedroom	-$1,100	$3,800	$2,700

Monroe, CT—06468

Key Metrics at a Glance

Home Price Trends — Monroe, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monroe, CT

% of Rental Stock

Property Listings — Monroe, CT

Demographics — Monroe, CT

Race and Ethnicity

Mortgage and Risk — Monroe, CT

Mortgages

Rentals and Section 8 — Monroe, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Monroe, CT

Home Price to Income Ratio

Monroe, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Newtown, CT

Trumbull, CT

Shelton, CT

Easton, CT

Newtown, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$645,000
Median Household Income	$157,000

Monroe, CT—06468

Key Metrics at a Glance

Home Price Trends — Monroe, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monroe, CT

% of Rental Stock

Property Listings — Monroe, CT

Demographics — Monroe, CT

Race and Ethnicity

Mortgage and Risk — Monroe, CT

Mortgages

Rentals and Section 8 — Monroe, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Monroe, CT

Home Price to Income Ratio

Monroe, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Newtown, CT

Trumbull, CT

Shelton, CT

Easton, CT

Newtown, CT

Frequently Asked Questions

What is the average home price in Monroe, CT 06468?

How have home prices in Monroe, CT 06468 changed over the past year?

What is the home price projection for Monroe, CT 06468?

What are the demographics of Monroe, CT 06468?

How long does it take homes to sell in Monroe, CT 06468?

What is the average rent price in Monroe, CT 06468?