Monroe, MI Real Estate
According to census data in the year 2000 there were 9,163 housing units in Monroe.
This represents a 3.7% growth from 8,840 in 1990.
Of those housing units, 9,146 were located in either urbanized areas or urban clusters, and 17 were located in what is classified as a rural area.
Homeownership rate in Monroe is about 61.6%.
Monroe's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Monroe were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 14.20% |
| Two Bedrooms | 26% |
| Three Bedrooms | 41.40% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $115,500 |
| Median Price asked for vacant units | $93,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $513 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 49.10% |
| Debt Free | 34.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
