For Sale
For Rent

Find real estate listings

Find rental listings

Monroe Housing Information

IndexMonroeUtahNational
Median home price$169,000$224,600$184,700
Median rent asked$700$912$949
Avg. people per household3.23.12.6
Owner occupied households82.8%69.6%63.6%
Renter occupied households17.2%30.4%36.4%
The above shows an overview of the real estate market in Monroe, UT. Note how the median home price for Monroe, UT runs $169,000, which is 25% lower than the average property price for Utah. So you’re going to get real estate in Monroe, UT that is on-average more affordable than what you’ll find in the rest of Utah. As for rent, the median for Monroe, UT runs $700, which is comparatively 23% lower than the average rent for Utah. For Monroe, UT, about 82.8% of the population consist of home owners with about 3.2 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Monroe, UT offers a wide variety of real estate. To find your perfect home in Monroe, UT, filter your choice by price, location, and number of beds and baths using the search area above.

Monroe Home Affordability

When deciding where to purchase Monroe, UT 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, UT the median home price is $169,000 and $51,273 is the median household income. As a result, the home price to income ratio in Monroe, UT is 3.3x, which is 8% lower than the Utah 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, UT 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, UT.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Joseph, UT317$123,00033%
Koosharem, UT253$130,60029%
Marysvale, UT506$134,40027%
Elsinore, UT773$136,40026%
Richfield, UT7,566$151,60018%
Monroe, UT2,608$169,0009%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Falmouth, KY2,608$64,70065%
Covington, OH2,607$91,40051%
Glenrock, WY2,607$170,4008%
Whittingham, NJ2,607$278,30051%
Moore Haven, FL2,606$73,40060%
Monroe, UT2,608$169,0009%

Source: The Monroe, UT housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
Are you looking to buy or sell?
What style of home are you
What is your
$100K$250K$500K$750K$1M+
When are you looking to
ASAP1-3 mos.3-6 mos.6-9 mos.1 yr+
Connect with top real estate agents
By submitting this form, you consent to receive text messages, emails, and/or calls (may be recorded; and may be direct, autodialed or use pre-recorded/artificial voices even if on the Do Not Call list) from AreaVibes or our partner real estate professionals and their network of service providers, about your inquiry or the home purchase/rental process. Messaging and/or data rates may apply. Consent is not a requirement or condition to receive real estate services. You hereby further confirm that checking this box creates an electronic signature with the same effect as a handwritten signature.