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

$345,200

  • 2.9% 1-year change
  • 0.7% 1-year forecast

The median home value in Monroe is $345,200. Monroe home values have gone up 2.9% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Monroe is $170, which is lower than the Stamford Metro average of $244. The median price of homes currently listed in Monroe is $350,000 while the median price of homes that sold is $284,300. The median rent price in Monroe is $1,500, which is lower than the Stamford Metro median of $2,050.

Foreclosures will be a factor impacting home values in the next several years. In Monroe 2.7 homes are foreclosed (per 10,000). This is lower than the Stamford Metro value of 2.8 and also lower than the national value of 4.5

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 10.2%, which is higher than the national value of 6.9%. 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 13.6%, which is lower than Stamford Metro at 18.1%.

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Relative ZHVI
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Monroe Market Overview

Data through Oct 31, 2014
  • $345,200 ZHVI
  • 0.7% 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
    (Oct 31, 2015)
  • $350,000 Median listing price
  • $284,300 Median sale price (Sep 30, 2014)
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Monroe Market Health

Data through Oct 31, 2014
  • 3.4/10 Less 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.
  • No data Average days on Zillow
  • 13.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 10.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.7 homes Monroe
2.8 homes Stamford Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Easton $609,000
Town of Newtown $362,500
Trumbull $357,500
Name Median ZHVI
Sandy Hook $338,400
Oxford $324,700
Shelton $294,500
Name Median ZHVI
Southbury $255,400
Seymour $224,700
Derby $182,800

Listings & Sales

Data through Oct 31, 2014
  • $170 Median list price / sq ft
  • $163 Median sale price / sq ft (Sep 30, 2014)
  • 57.6% Listings with price cut
30.6%
Sold below listing
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Monroe Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,286 Monroe
    $2,407 Stamford Metro
    $1,337 United States

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

  • 4.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price (Sep 30, 2014)
  • $1.16 Rent list price / sq ft (Sep 30, 2014)
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