Monroe, IN Foreclosures
How much do homes sell for in Monroe, IN?
The average home price is currently $341,152.
What’s the average rental cost in Monroe, IN?
The average rental price in Monroe is $1,258.
What is the most expensive home in Monroe?
The most expensive home sold in Monroe had a price of $1,715,689.
What is currently the cheapest priced home in Monroe, IN?
The cheapest home for sale in Monroe is priced at $20,544.
Living in Monroe, IN
Monroe, Indiana, is a charming small town nestled in rural America, featuring a tight-knit community, affordable housing, and serene landscapes. With beautiful parks and proximity to larger urban centers, it provides a peaceful lifestyle with access to essential amenities. The town is ideal for families and retirees looking for a quiet place to call home.
Current Market Conditions in Monroe, IN
The current real estate market in Monroe, IN, is showing signs of growth with a gradual increase in home prices and sales activity. The area has become more attractive for potential homebuyers due to its affordability compared to larger urban centers. This trend is encouraging many families and retirees to consider Monroe as a viable option for relocation, leading to a more competitive market, especially for well-maintained properties.
In recent months, the demand for homes has been steady, with listings often receiving multiple offers. Homeowners are seeing a good return on their investments, and the overall market remains favorable for sellers. However, buyers are advised to act quickly as desirable properties tend to move fast.
Home Value Estimator For Monroe, IN
There are currently 841 real estate properties
in Monroe, IN,
with a median automated valuation model (AVM) price
of $300,348.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monroe, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Monroe, IN,
is $341,152.00, with the most expensive house
in Monroe, IN, topping out
at $1,715,689.00 and the cheapest home
in Monroe, IN,
clocking in at $20,544.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monroe, IN!
Rent Prices
In Monroe, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monroe, IN, is on
a rollercoaster ride. The
average rent price in Monroe, IN,
is $1,258.00. Indeed, when looking to rent in
Monroe, IN, you can expect to pay as little
as $670.00 or as much
as $2,340.00,
with the average rent median estimated to
be $1,240.00. The good news is that finding
an affordable and desirable property to rent in Monroe, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
