Monroe County, Michigan home prices
Typical home $270,412 · +6.1% in a year · property tax 1.16%
The typical home in Monroe County is worth $270,412, 3% more than the Michigan typical home ($263,760). Values changed +6.1% in the past year and +27.5% over five years. Homeowners here pay a median 1.16% of their home's value in property tax each year ($3,128 on the typical home), versus 1.17% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $54,082 | $216,330 | $1,455 | $0 | $396 | $1,851 | $79,300 |
| 10% down | $27,041 | $243,371 | $1,637 | $101 | $396 | $2,134 | $91,500 |
| 5% down | $13,521 | $256,892 | $1,728 | $107 | $396 | $2,231 | $95,600 |
| 3.5% down (FHA) | $9,464 | $265,514 | $1,786 | $120 | $396 | $2,302 | $98,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.16% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan · part of the Monroe metro area.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Van Buren County | $272,490 | +4.3% | 1.23% |
| Macomb County | $267,474 | +1.2% | 1.4% |
| Mason County | $267,052 | +8.1% | 1.06% |
| Kalamazoo County | $273,812 | +4.2% | 1.45% |
| Cass County | $266,388 | +5.0% | 0.97% |
| Ionia County | $264,748 | +6.3% | 1.13% |
| Marquette County | $262,677 | +8.8% | 0.97% |
| Manistee County | $260,685 | +10.0% | 1.04% |
| Berrien County | $281,193 | +7.0% | 1.08% |
| Saint Clair County | $259,356 | +4.2% | 1.14% |
Frequently asked questions
What is the average home price in Monroe County, MI?
The typical home value in Monroe County is $270,412 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $79,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 1.16% of home value a year (Census ACS 2024 5-year estimates).