Monroe, VA—24574
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monroe, VA
As of Oct '25, the median home price in Monroe, VA is $282,000, with a year-over-year change of -0.8%. This indicates that home prices in Monroe, VA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | -0.8% |
| Single Family | $282,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | -0.9% |
3 Bed | $293,000 | 0.0% |
4 Bed | $397,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monroe, VA
Monroe, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monroe, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monroe, VA is 58. This is a increase of 20.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | -7.0% |
Listing Count | 15 | 54.0% |
| Listings as % of Homes | 0.9% | 54.0% |
Days on Market | 58 | 20.0% |
Demographics — Monroe, VA
As of the latest ACS Survey released in 2023, Monroe, VA has a population of 4,070, which has increased by 4.9% over the past 5 years. Monroe, VA is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,070 | 4.9% |
% Under 18 | 20.2% | 33.8% |
% Seniors | 22.2% | 5.7% |
% WFH | 7.0% | 180.0% |
% w/ College Degree | 28.7% | 40.7% |
As of the latest ACS Survey released in 2023, Monroe, VA is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Monroe, VA is black, making up 16.8% of the population. Foreign-born residents account for 3.7% of the population in Monroe, VA, and this percentage has increased by 131.2% 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 | 76.5% | -2.5% |
% Black | 16.8% | 21.7% |
% Hispanic | 1.8% | -41.9% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 3.7% | 131.2% |
Mortgage and Risk — Monroe, VA
Monroe, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Monroe, VA
Monroe, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | -$170 | $1,300 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Monroe, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $282,000 |
| Median Household Income | $65,900 |