Monroe, IN—46772
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monroe, IN
As of Oct '25, the median home price in Monroe, IN is $323,000, with a year-over-year change of 6.6%. This indicates that home prices in Monroe, IN are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 6.6% |
| Single Family | $325,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $361,000 | 5.2% |
3 Bed | $252,000 | 7.2% |
4 Bed | $365,000 | 6.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monroe, IN
Monroe, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monroe, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Monroe, IN is 30. This is a decrease of -77.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | -45.0% |
Listing Count | 6 | -52.0% |
| Listings as % of Homes | 0.6% | -52.0% |
Days on Market | 30 | -77.0% |
Demographics — Monroe, IN
As of the latest ACS Survey released in 2023, Monroe, IN has a population of 3,160, which has increased by 3.9% over the past 5 years. Monroe, IN is a popular place for families, as children make up 37.1% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,160 | 3.9% |
% Under 18 | 37.1% | -3.6% |
% Seniors | 12.3% | 36.7% |
% WFH | 7.8% | -18.8% |
% w/ College Degree | 15.3% | 18.6% |
As of the latest ACS Survey released in 2023, Monroe, IN is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Monroe, IN is hispanic, making up 3.9% of the population. Foreign-born residents account for 2.9% of the population in Monroe, IN, and this percentage has increased by Inf% 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 | 92.6% | -5.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.9% | 160.0% |
% Asian | 2.7% | 2,600.0% |
% Foreign Born | 2.9% | ∞% |
Mortgage and Risk — Monroe, IN
According to HUD data as of 2023, there were 95 mortgage originations in Monroe, IN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Monroe, IN. Investor activity is low, as 0.0% of loans were by investors. 34.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 34.0% |
Loan Activity
Rentals and Section 8 — Monroe, IN
Monroe, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Monroe, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $323,000 |
| Median Household Income | $78,600 |