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Old Monroe

Learn about the people, housing, costs and businesses in Old Monroe, Missouri

Median Home$332,000
Median Rent$1,153/month
Population261
Leading IndustriesWholesale Trade · Transportation · Construction15% wholesale trade
Home Value Growth⬆⬆⬆+26.2% over 2 years
Young Adults26% of residents
Homeowners76% of occupied units
NotableHigh Incomes$89k/year · top 25% nationally
Old Monroe
MO

Frequently Asked Questions

What are today's mortgage rates in Old Monroe?

As of today, the 30-year fixed mortgage rate for Old Monroe is approximately 6.944% (6.982% 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 Old Monroe?

The median home value in Old Monroe is $332k. The median monthly rent is $1,153. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old Monroe?

Home values in Old Monroe have increased 26.2% 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 Old Monroe?

Based on a typical all-in ownership cost of $1,357/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old Monroe is $89k/year.

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What industries drive the economy in Old Monroe?

The largest employment sectors in Old Monroe are public administration (20%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.