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Monroe

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

Median Home$609,598
Median Rent$2,115/month
Population19,178
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth+9.8% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners71% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Monroe
WA

Frequently Asked Questions

What are today's mortgage rates in Monroe?

As of today, the 30-year fixed mortgage rate for Monroe is approximately 6.801% (6.834% 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 $610k. The median monthly rent is $2,115. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monroe?

Home values in Monroe have increased 9.8% over the past two years. This represents moderate growth. 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 Monroe?

Based on a typical all-in ownership cost of $2,005/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monroe is $101k/year.

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What industries drive the economy in Monroe?

The largest employment sectors in Monroe are public administration (19%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.