Home Values

Monroe Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$347,400

  • 2.4% 1-year change
  • 0.9% 1-year forecast

The median home value in Monroe is $347,400. Monroe home values have gone up 2.4% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in Monroe is None. The median rent price in Monroe is $1,900, which is lower than the Stamford Metro median of $2,170.

Foreclosures will be a factor impacting home values in the next several years. In Monroe 2.0 homes are foreclosed (per 10,000). This is greater than the Stamford Metro value of 1.9 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Monroe is 10.1%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Monroe homeowners underwater on their mortgage is 12.8%, which is lower than Stamford Metro at 16.1%.

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Relative ZHVI
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Monroe Market Overview

Data through Apr 30, 2015
  • $347,400 ZHVI
  • 0.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $387,412 Median sale price (Mar 31, 2015)
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Monroe Market Health

Data through Apr 30, 2015
  • 7.1/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 12.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 10.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2 homes Monroe
1.9 homes Stamford Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Easton $574,500
Newtown $356,800
Trumbull $349,000
Name Median ZHVI
Sandy Hook $325,400
Oxford $315,500
Shelton $288,200
Name Median ZHVI
Southbury $257,700
Seymour $215,000
Derby $184,200

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $182 Median sale price / sq ft
  • No data Listings with price cut
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Monroe Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,437 Monroe
    $2,494 Stamford Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,900 Rent list price
  • $1.26 Rent list price / sq ft
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