Monroe County, MI Average Home Price (2026)
The average home price in Monroe County, Michigan is about $298,000 (the 2026 median across 16 ZIP codes, at ~$192/sq ft) — 22% more expensive than the Michigan median and 3% more expensive than the typical U.S. home.
How Monroe County compares
Monroe County is about average for housing nationally: its typical home costs $298,000 against $244,000 for Michigan and $289,000 for the U.S. Within the county, ZIP-level values run from about $192,000 to $335,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Monroe County | $298,000 | $192 |
| Michigan | $244,000 | $187 |
| United States | $289,000 | $193 |
Monroe County home prices by ZIP code
The 15 most valuable ZIP codes in Monroe County (of 16 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 48117 Carleton | $335,000 | $205 | +12% |
| 49267 Ottawa Lake | $334,000 | $255 | +12% |
| 48140 Ida | $327,000 | $197 | +10% |
| 48179 South Rockwood | $318,000 | $191 | +7% |
| 49270 Petersburg | $315,000 | $193 | +6% |
| 48144 Lambertville | $310,000 | $187 | +4% |
| 48160 Milan | $308,000 | $186 | +3% |
| 48182 Temperance | $300,000 | $185 | +1% |
| 48131 Dundee | $296,000 | $212 | -1% |
| 48159 Maybee | $289,000 | $148 | -3% |
| 48145 La Salle | $279,000 | $143 | -6% |
| 48133 Erie | $255,000 | $149 | -14% |
| 48162 Monroe | $239,000 | $172 | -20% |
| 48166 Newport | $212,000 | $232 | -29% |
| 48161 Monroe | $202,000 | $214 | -32% |
Home value appreciation in Monroe County
Home prices in Monroe County have risen about 81% over the last 10 years (≈6.1% a year) and +46.1% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +6.3% — still rising. A home worth $298,000 today was worth roughly $164,278 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Michigan is +96.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Monroe County
Run the numbers for Monroe County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Monroe County
To buy the typical $298,000 home in Monroe County with 20% down, you need a household income of roughly $81,000 a year (about $1,890 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $96,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $14,900 | $2,350/mo | $101,000/yr |
| 10% (+PMI) | $29,800 | $2,250/mo | $96,000/yr |
| 20% | $59,600 | $1,890/mo | $81,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Monroe County
At about $192 per square foot, here is roughly how much home different budgets get you in Monroe County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 780 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1040 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1300 sq ft | around the typical home here |
| $300k | 1560 sq ft | around the typical home here |
| $400k | 2080 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Michigan.
Estimate a specific home in Monroe County
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Monroe County home prices: frequently asked
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Browse all Michigan cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.