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

$351,400

  • 1.6% 1-year change
  • -0.3% 1-year forecast

The median home value in Monroe is $351,400. Monroe home values have gone up 1.6% over the past year and Zillow predicts they will fall -0.3% within the next year. 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 0.8 homes are foreclosed (per 10,000). This is lower than the Stamford Metro value of 2.1 and also lower than the national value of 3.8

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 Jun 30, 2015
  • $351,400 ZHVI
  • -0.3% 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
    (Jun 30, 2016)
  • No data Median listing price
  • $297,515 Median sale price
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Monroe Market Health

Data through Jun 30, 2015
  • 4.6/10 Stable
    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
  • 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)

1 Monroe
2 Stamford Metro
4 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 Jun 30, 2015
  • No recent data Median list price / sq ft
  • $160 Median sale price / sq ft
  • No data Listings with price cut
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Monroe Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $2,429 Monroe
    $2,488 Stamford Metro
    $1,369 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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