Monroe, NC Real Estate
According to census data in the year 2000 there were 9,715 housing units in Monroe.
This represents a 53.1% growth from 6,347 in 1990.
Of those housing units, 9,311 were located in either urbanized areas or urban clusters, and 404 were located in what is classified as a rural area.
Homeownership rate in Monroe is about 56.3%.
Monroe's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.81 people.
The majority of houses, apartments or condos in Monroe were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 10.30% |
| Two Bedrooms | 32.40% |
| Three Bedrooms | 47.20% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $104,900 |
| Median Price asked for vacant units | $110,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $568 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 6.90% |
| Home Equity Loan | 15.10% |
| Simple Mortgage | 48.70% |
| Debt Free | 28.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
