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Monroe Local

Learn about the people, housing, costs and businesses in Monroe Local, Ohio

Median Home$274,811
Median Rent$1,581/month
Population16,143
Leading IndustryEducation2% of local workforce
Home Value Growth⬆⬆+14.8% over 2 years
Family-Friendly27% of residentswell above average
Homeowners79% of occupied units
NotableHigh Incomes$103k/year · top 13% nationally
NotableHighly Educated24% hold a bachelor's degree · top 17% nationally
Monroe Local
OH

Frequently Asked Questions

What are today's mortgage rates in Monroe Local?

As of today, the 30-year fixed mortgage rate for Monroe Local is approximately 6.931% (6.968% 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 Local?

The median home value in Monroe Local is $275k. The median monthly rent is $1,581. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monroe Local?

Home values in Monroe Local have increased 14.8% 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 Monroe Local?

Based on a typical all-in ownership cost of $1,514/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monroe Local is $103k/year.

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What industries drive the economy in Monroe Local?

The largest employment sectors in Monroe Local are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.