Monroe, NC—28110
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Monroe, NC
Home Price Trends — Monroe, NC
As of Oct '25, the median home price in Monroe, NC is $370,000, with a year-over-year change of -0.4%. This indicates that home prices in Monroe, NC 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 | $370,000 | -0.4% |
| Single Family | $371,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | 0.4% |
3 Bed | $351,000 | -0.3% |
4 Bed | $445,000 | -0.7% |
| 5 Bed | $525,000 | -0.8% |
% of Housing Stock
Rental Trends — Monroe, NC
As of July '25, Rentcast reports the average rent in Monroe, NC is $2,090, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Monroe, NC is 1-bedrooms: $1,230, 2-bedrooms: $1,670, 3-bedrooms: $1,960, 4-bedrooms: $2,370. The most common rental property sizes in Monroe, NC are 3-bedroom and 2-bedroom, accounting for 47.0% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,040 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,160 | $1,230 |
| 2 Bed Rent | $1,450 | $1,670 |
| 3 Bed Rent | $1,970 | $1,960 |
| 4 Bed Rent | $2,300 | $2,370 |
% of Rental Stock
Property Listings — Monroe, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Monroe, NC is 58. This is a increase of 23.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | 0.0% |
Listing Count | 319 | 54.0% |
| Listings as % of Homes | 0.8% | 54.0% |
Days on Market | 58 | 23.0% |
Demographics — Monroe, NC
As of the latest ACS Survey released in 2023, Monroe, NC has a population of 55,800, which has increased by 4.3% over the past 5 years. Monroe, NC is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,800 | 4.3% |
% Under 18 | 26.4% | -3.6% |
% Seniors | 13.7% | 13.2% |
% WFH | 12.0% | 263.6% |
% w/ College Degree | 23.7% | 19.1% |
As of the latest ACS Survey released in 2023, Monroe, NC is a predominantly white area, with 62.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Monroe, NC is hispanic, making up 21.0% of the population. Foreign-born residents account for 12.2% of the population in Monroe, NC, and this percentage has increased by 11.9% 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 | 62.8% | -5.4% |
% Black | 12.1% | -5.5% |
% Hispanic | 21.0% | 13.5% |
% Asian | 1.2% | 50.0% |
% Foreign Born | 12.2% | 11.9% |
Mortgage and Risk — Monroe, NC
According to HUD data as of 2023, there were 1319 mortgage originations in Monroe, NC, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Monroe, NC. Investor activity is low, as 4.0% 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 | 1,319 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Monroe, NC
As of 2024, the percent of homes in Monroe, NC under the Section 8 program is 6.3%. 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, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 330 |
Total Units Section 8 | 325 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,160 | $1,530 |
| 2 Bedroom | $240 | $1,450 | $1,690 |
| 3 Bedroom | $110 | $1,970 | $2,080 |
| 4 Bedroom | $340 | $2,300 | $2,640 |
Affordability — Monroe, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $370,000 |
| Median Household Income | $81,200 |