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Monroe

Learn about the people, housing, costs and businesses in Monroe, Arkansas

Median Home$92,500
Median Rent$630/month
Population41
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing17% construction
Family-Friendly27% of residentsabove average nationally
Homeowners63% of occupied units
NotableAffordable Market$93k median home · lower cost than 94% of the country
NotableTransit80/100 · excellent transit access
Monroe
AR

Frequently Asked Questions

What are today's mortgage rates in Monroe?

As of today, the 30-year fixed mortgage rate for Monroe is approximately 6.992% (7.035% 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 Monroe?

The median home value in Monroe is $93k. The median monthly rent is $630. Annual property taxes average $747. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $679/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monroe is $52k/year.

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What industries drive the economy in Monroe?

The largest employment sectors in Monroe are public administration (21%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.