Land Foreclosures in Monroe, OR 97456

Current Market Conditions in Monroe, OR

Monroe's real estate market has been quite stable over the past year, seeing an increase in demand as families look for affordable housing options away from urban centers. The average home price in Monroe reflects this upward trend, with homes selling for a competitive rate compared to nearby cities. The community's charm and close proximity to nature are driving interest in the area.

In recent months, the market has experienced a slight uptick in home sales, indicating that buyers are eager to take advantage of the available inventory. However, new listings remain limited, resulting in a slight increase in home prices as buyers compete for desirable properties. As Monroe continues to grow in popularity, potential investors can expect a healthy return on investment.

Rent Prices In Monroe, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monroe, OR, is on a rollercoaster ride. The average rent price in Monroe, OR, is $1,262.00. Indeed, when looking to rent in Monroe, OR, you can expect to pay as little as $700.00 or as much as $2,730.00, 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, OR -- 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.