Town of Monroe Home Prices & Values

$254,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -0.5% 1-year change
  • 0.6% 1-year forecast

The median home value in Town of Monroe is $254,100. Town of Monroe home values have declined -0.5% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Town of Monroe is $171, which is higher than the Poughkeepsie Metro average of $150. The median price of homes currently listed in Town of Monroe is $315,000 while the median price of homes that sold is $329,231. The median rent price in Town of Monroe is $1,850, which is higher than the Poughkeepsie Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Town of Monroe 1.5 homes are foreclosed (per 10,000). This is lower than the Poughkeepsie Metro value of 4.4 and also lower than the national value of 4.4

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 Town of Monroe is 12.1%, 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 Town of Monroe homeowners underwater on their mortgage is 32.4%, which is higher than Poughkeepsie Metro at 26.6%.

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Relative ZHVI
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Town of Monroe Market Overview

Data through Jul 31, 2014
  • $254,100 ZHVI
  • 0.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $315,000 Median listing price
  • $329,231 Median sale price
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Town of Monroe Market Health

Data through Jul 31, 2014
  • 1.5/10 Less healthy What's This?  
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    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
  • 32.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 12.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.5 homes Town of Monroe
4.4 homes Poughkeepsie Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Tuxedo $341,200 Sloatsburg $270,500 Woodbury $255,500
Walton Park $236,300 Town of Chester $218,000 Washingtonville $213,600
South Blooming Grove $195,400 Greenwood Lake $187,100 Harriman $162,300

Listings & Sales

Data through Jul 31, 2014
  • $171 Median list price / sq ft
  • $175 Median sale price / sq ft
  • 48.2% Listings with price cut
26.5%
Sold below listing
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Town of Monroe Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,922 Town of Monroe
$1,699 Poughkeepsie Metro
$1,318 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,850 Rent list price
  • $1.36 Rent list price / sq ft
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