Monroe Housing Information
| Index | Monroe | North Carolina | National |
| Median home price | $146,700 | $157,100 | $184,700 |
| Median rent asked | $838 | $816 | $949 |
| Avg. people per household | 3.0 | 2.5 | 2.6 |
| Owner occupied households | 55.9% | 64.8% | 63.6% |
| Renter occupied households | 44.1% | 35.2% | 36.4% |
Monroe Home Affordability
When deciding where to purchase Monroe, NC real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Monroe, NC the median home price is $146,700 and $44,267 is the median household income. As a result, the home price to income ratio in Monroe, NC is 3.3x, which is 2% higher than the North Carolina average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Monroe, NC the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Monroe, NC.Nearby cities with low home prices
| City, State | Population | Home Price | National Avg. |
| Marshville, NC | 2,598 | $104,100 | 44% |
| Wingate, NC | 3,798 | $135,600 | 27% |
| Hemby Bridge, NC | 1,264 | $141,700 | 23% |
| JAARS, NC | 508 | $170,800 | 8% |
| Indian Trail, NC | 36,357 | $177,200 | 4% |
| Monroe, NC | 34,212 | $146,700 | 21% |
Cities with similar population
| City, State | Population | Home Price | National Avg. |
| Vestavia Hills, AL | 34,243 | $346,600 | 88% |
| Wentzville, MO | 34,176 | $196,700 | 6% |
| Evans, GA | 34,270 | $233,100 | 26% |
| Cottonwood Heights, UT | 34,274 | $333,000 | 80% |
| Oildale, CA | 34,277 | $128,000 | 31% |
| Monroe, NC | 34,212 | $146,700 | 21% |