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

$350,500

  • 2.2% 1-year change
  • -0.4% 1-year forecast

The median home value in Monroe is $350,500. Monroe home values have gone up 2.2% over the past year and Zillow predicts they will fall -0.4% 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 $2,200.

Foreclosures will be a factor impacting home values in the next several years. In Monroe 2.3 homes are foreclosed (per 10,000). This is greater than the Stamford Metro value of 1.7 and also lower than the national value of 3.5

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 9.0%, which is higher than the national value of 6.0%. 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 11.0%, which is lower than Stamford Metro at 14.0%.

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Relative ZHVI
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Monroe Market Overview

Data through May 31, 2015
  • $350,500 ZHVI
  • -0.4% 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
    (May 31, 2016)
  • No data Median listing price
  • $347,450 Median sale price (Apr 30, 2015)
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Monroe Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 11.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 9.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2.3 homes Monroe
1.7 homes Stamford Metro
3.5 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 Apr 30, 2015
  • No recent data Median list price / sq ft
  • $169 Median sale price / sq ft
  • No data Listings with price cut
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Monroe Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,435 Monroe
    $2,493 Stamford Metro
    $1,367 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 (Apr 30, 2015)
  • $1.26 Rent list price / sq ft (Apr 30, 2015)
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