Monroe, NY—10950
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monroe, NY
Monroe, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $534,000 | 1.3% |
| Single Family | $542,000 | 1.3% |
| Condos | $370,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $229,000 | 0.4% |
2 Bed | $329,000 | 1.2% |
3 Bed | $486,000 | 1.9% |
4 Bed | $624,000 | 0.3% |
| 5 Bed | $673,000 | -1.2% |
% of Housing Stock
Rental Trends — Monroe, NY
As of July '25, Rentcast reports the average rent in Monroe, NY is $2,940, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Monroe, NY is 1-bedrooms: $1,800, 2-bedrooms: $2,350, 3-bedrooms: $3,120, 4-bedrooms: $3,700. The most common rental property sizes in Monroe, NY are 3-bedroom and 2-bedroom, accounting for 34.4% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $2,250 | $2,350 |
| 3 Bed Rent | $3,200 | $3,120 |
| 4 Bed Rent | $3,700 | $3,700 |
% of Rental Stock
Property Listings — Monroe, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Monroe, NY is 64. 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $579,000 | -9.0% |
Listing Count | 156 | 48.0% |
| Listings as % of Homes | 0.4% | 48.0% |
Days on Market | 64 | 32.0% |
Demographics — Monroe, NY
As of the latest ACS Survey released in 2023, Monroe, NY has a population of 65,400, which has increased by 28.5% over the past 5 years. Monroe, NY is a popular place for families, as children make up 44.5% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,400 | 28.5% |
% Under 18 | 44.5% | 4.7% |
% Seniors | 6.8% | 1.5% |
% WFH | 13.4% | 191.3% |
% w/ College Degree | 25.8% | -8.8% |
As of the latest ACS Survey released in 2023, Monroe, NY is a predominantly white area, with 81.4% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Monroe, NY is hispanic, making up 11.7% of the population. Foreign-born residents account for 10.6% of the population in Monroe, NY, and this percentage has increased by 10.4% 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 | 81.4% | 0.4% |
% Black | 3.2% | 10.3% |
% Hispanic | 11.7% | -4.9% |
% Asian | 1.2% | -53.8% |
% Foreign Born | 10.6% | 10.4% |
Mortgage and Risk — Monroe, NY
According to HUD data as of 2023, there were 577 mortgage originations in Monroe, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Monroe, NY. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 577 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Monroe, NY
As of 2024, the percent of homes in Monroe, NY under the Section 8 program is 30.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Monroe, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,872 |
Total Units Section 8 | 1,872 |
% Rentals under Section 8 | 30.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,800 | $1,660 |
| 2 Bedroom | -$130 | $2,250 | $2,120 |
| 3 Bedroom | -$500 | $3,200 | $2,700 |
| 4 Bedroom | -$770 | $3,700 | $2,930 |
Affordability — Monroe, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $534,000 |
| Median Household Income | $77,100 |