Monroe County, MI real estate

What the numbers say

Monroe County, MI real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Monroe County listed for $314,075, down 0.8% from a year earlier. That is 5% above the Michigan median of $299,900.

Homes spent a median of 41 days on the market, faster than 43 days a year ago. That makes Monroe County the #6 fastest-selling of 34 Michigan counties we track.

Homeowners in Monroe County pay a median of $2,648 a year in property taxes on a median home value of $228,900, an effective rate of about 1.16%. The Michigan average is 1.25%, which makes Monroe County the #54 lowest-tax of 83 counties in the state with published tax data.

Renters pay a median of $1,059 a month, and $1,118 for a two-bedroom. At today's prices a typical home costs about 25 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $314,000 home here comes to about $2,146 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $92,000 a year (the median household here earns $77,335).