Monroe, WA 98272 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monroe, WA—98272

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$708,000

0.4% YoY Growth

Household Income

$116,000

30.7% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$2,780

6.5% YoY Growth

1-Bed Rent

$1,400

16.9% YoY Growth

2-Bed Rent

$1,900

13.7% YoY Growth

3-Bed Rent

$2,800

5.5% YoY Growth

Home Price Trends — Monroe, WA

As of Dec '25, the median home price in Monroe, WA is $708,000, with a year-over-year change of 0.4%. This indicates that home prices in Monroe, WA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$708,000	0.4%
Single Family	$723,000	0.1%
Condos	$388,000	0.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Monroe, WA

As of July '25, Rentcast reports the average rent in Monroe, WA is $2,720, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Monroe, WA is 1-bedrooms: $1,430, 2-bedrooms: $2,150, 3-bedrooms: $2,740, 4-bedrooms: $3,650. The most common rental property sizes in Monroe, WA are 3-bedroom and 2-bedroom, accounting for 35.8% and 35.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,780	$2,720
Studio Rent	N/A	N/A
1 Bed Rent	$1,400	$1,430
2 Bed Rent	$1,900	$2,150
3 Bed Rent	$2,800	$2,740
4 Bed Rent	$3,700	$3,650

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% of Rental Stock

Studio

4.8%

1 Bedroom

12.6%

2 Bedrooms

35.6%

3 Bedrooms

35.8%

4 Bedrooms

9.8%

5+ Bedrooms

1.5%

Property Listings — Monroe, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Monroe, WA is 65. This is a increase of 32.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$894,000	2.0%
Listing Count	66	8.0%
Listings as % of Homes	0.5%	8.0%
Days on Market	75	32.0%

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Demographics — Monroe, WA

As of the latest ACS Survey released in 2023, Monroe, WA has a population of 32,100, which has increased by 2.0% over the past 5 years. Monroe, WA is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	32,100	2.0%
% Under 18	24.1%	2.6%
% Seniors	11.2%	15.5%
% WFH	15.9%	137.3%
% w/ College Degree	28.5%	18.3%

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As of the latest ACS Survey released in 2023, Monroe, WA is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Monroe, WA is hispanic, making up 13.7% of the population. Foreign-born residents account for 12.4% of the population in Monroe, WA, and this percentage has increased by 24.0% 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	71.6%	-5.9%
% Black	2.4%	4.3%
% Hispanic	13.7%	0.7%
% Asian	5.9%	247.1%
% Foreign Born	12.4%	24.0%

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Mortgage and Risk — Monroe, WA

According to HUD data as of 2023, there were 658 mortgage originations in Monroe, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Monroe, WA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	658
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Monroe, WA

As of 2024, the percent of homes in Monroe, WA under the Section 8 program is 8.4%. 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, WA, 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	108
Total Units Section 8	108
% Rentals under Section 8	8.4%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$780	$1,400	$2,180
2 Bedroom	$640	$1,900	$2,540
3 Bedroom	$550	$2,800	$3,350
4 Bedroom	$200	$3,700	$3,900

Monroe, WA—98272

Key Metrics at a Glance

Home Price Trends — Monroe, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monroe, WA

% of Rental Stock

Property Listings — Monroe, WA

Demographics — Monroe, WA

Race and Ethnicity

Mortgage and Risk — Monroe, WA

Mortgages

Rentals and Section 8 — Monroe, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monroe, WA

Home Price to Income Ratio

Monroe, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Sultan, WA

Duvall, WA

Snohomish, WA

Carnation, WA

Woodinville, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.6
Median Home Price	$708,000
Median Household Income	$116,000

Monroe, WA—98272

Key Metrics at a Glance

Home Price Trends — Monroe, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monroe, WA

% of Rental Stock

Property Listings — Monroe, WA

Demographics — Monroe, WA

Race and Ethnicity

Mortgage and Risk — Monroe, WA

Mortgages

Rentals and Section 8 — Monroe, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Monroe, WA

Home Price to Income Ratio

Monroe, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Sultan, WA

Duvall, WA

Snohomish, WA

Carnation, WA

Woodinville, WA

Frequently Asked Questions

What is the average home price in Monroe, WA 98272?

How have home prices in Monroe, WA 98272 changed over the past year?

What is the home price projection for Monroe, WA 98272?

What are the demographics of Monroe, WA 98272?

How long does it take homes to sell in Monroe, WA 98272?

What is the average rent price in Monroe, WA 98272?