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Encore at Monroe

Learn about the people, housing, costs and businesses in Encore at Monroe, New Jersey

Median Home$365,400
Median Rent$1,739/month
Population585
Leading IndustriesInformation & Media · Arts, Food & Hospitality · Healthcare12% information & media
Home Value Growth⬆⬆+20.7% over 2 years
Retirees66% of residentstop 1% nationally
Homeowners95% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHighly Educated23% bachelor's · 14% graduate · top 23% nationally
Encore at Monroe
NJ

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Frequently Asked Questions

What are today's mortgage rates in Encore at Monroe?

As of today, the 30-year fixed mortgage rate for Encore at Monroe is approximately 6.874% (6.909% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Encore at Monroe?

The median home value in Encore at Monroe is $365k. The median monthly rent is $1,739. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Encore at Monroe?

Home values in Encore at Monroe have increased 20.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Encore at Monroe?

Based on a typical all-in ownership cost of $1,498/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Encore at Monroe is $69k/year.

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What industries drive the economy in Encore at Monroe?

The largest employment sectors in Encore at Monroe are public administration (18%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.