Monroe, NC—28112
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 $345,000, with a year-over-year change of 0.8%. This indicates that home prices in Monroe, NC are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 0.8% |
| Single Family | $346,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | 1.3% |
3 Bed | $340,000 | 1.2% |
4 Bed | $417,000 | 0.2% |
| 5 Bed | $456,000 | -2.4% |
% of Housing Stock
Rental Trends — Monroe, NC
As of July '25, Rentcast reports the average rent in Monroe, NC is $1,900, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Monroe, NC is studios: $1,090, 1-bedrooms: $825, 2-bedrooms: $1,400, 3-bedrooms: $1,980, 4-bedrooms: $2,360. The most common rental property sizes in Monroe, NC are 2-bedroom and 3-bedroom, accounting for 48.9% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,940 | $1,900 |
| Studio Rent | $1,050 | $1,090 |
| 1 Bed Rent | $665 | $825 |
| 2 Bed Rent | $1,280 | $1,400 |
| 3 Bed Rent | $1,920 | $1,980 |
| 4 Bed Rent | $2,350 | $2,360 |
% 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 45. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | 6.0% |
Listing Count | 138 | -5.0% |
| Listings as % of Homes | 0.8% | -5.0% |
Days on Market | 45 | -6.0% |
Demographics — Monroe, NC
As of the latest ACS Survey released in 2023, Monroe, NC has a population of 27,700, which has increased by 2.4% over the past 5 years. Monroe, NC is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | 2.4% |
% Under 18 | 20.9% | -10.7% |
% Seniors | 16.7% | 3.1% |
% WFH | 7.6% | 181.5% |
% w/ College Degree | 20.5% | 19.2% |
As of the latest ACS Survey released in 2023, Monroe, NC is a predominantly white area, with 58.0% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Monroe, NC is hispanic, making up 20.3% of the population. Foreign-born residents account for 11.7% of the population in Monroe, NC, and this percentage has increased by 12.5% 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 | 58.0% | -6.9% |
% Black | 16.3% | 1.9% |
% Hispanic | 20.3% | 2.5% |
% Asian | 0.7% | -12.5% |
% Foreign Born | 11.7% | 12.5% |
Mortgage and Risk — Monroe, NC
According to HUD data as of 2023, there were 768 mortgage originations in Monroe, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Monroe, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 768 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Monroe, NC
As of 2024, the percent of homes in Monroe, NC under the Section 8 program is 5.3%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Monroe, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 284 |
Total Units Section 8 | 278 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $595 | $665 | $1,260 |
| 2 Bedroom | $110 | $1,280 | $1,390 |
| 3 Bedroom | -$210 | $1,920 | $1,710 |
| 4 Bedroom | -$180 | $2,350 | $2,170 |
Affordability — Monroe, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $345,000 |
| Median Household Income | $74,900 |