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

$345,900

  • 3.5% 1-year change
  • 1.1% 1-year forecast

The median home value in Monroe is $345,900. Monroe home values have gone up 3.5% over the past year and Zillow predicts they will rise 1.1% within the next year. The median list price per square foot in Monroe is $168, which is lower than the Stamford Metro average of $238. The median price of homes currently listed in Monroe is $339,000 while the median price of homes that sold is $254,231. The median rent price in Monroe is $2,100, which is higher than the Stamford Metro median of $2,000.

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 lower than the Stamford Metro value of 2.8 and also lower than the national value of 4.0

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 8.3%, which is higher than the national value of 6.4%. 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 11.7%, which is lower than Stamford Metro at 14.6%.

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Relative ZHVI
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Monroe Market Overview

Data through Jan 31, 2015
  • $345,900 ZHVI
  • 1.1% 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
    (Jan 31, 2016)
  • $339,000 Median listing price
  • $254,231 Median sale price (Nov 30, 2014)
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Monroe Market Health

Data through Jan 31, 2015
  • 4.0/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 11.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2 homes Monroe
2.8 homes Stamford Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Easton $605,300
Newtown $362,100
Trumbull $352,400
Name Median ZHVI
Sandy Hook $335,700
Oxford $322,000
Shelton $293,700
Name Median ZHVI
Southbury $257,700
Seymour $221,400
Derby $180,900

Listings & Sales

Data through Jan 31, 2015
  • $168 Median list price / sq ft
  • $161 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
30.4%
Sold below listing
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Monroe Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,395 Monroe
    $2,468 Stamford Metro
    $1,350 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)
  • $2,100 Rent list price (Dec 31, 2014)
  • $1.37 Rent list price / sq ft (Dec 31, 2014)
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