Monroe, SD Foreclosures
How much do homes sell for in Monroe, SD?
The average home price is currently $223,735.
What’s the average rental cost in Monroe, SD?
The average rental price in Monroe is $1,118.
What is the most expensive home in Monroe?
The most expensive home sold in Monroe had a price of $951,502.
What is currently the cheapest priced home in Monroe, SD?
The cheapest home for sale in Monroe is priced at $37,675.
Living in Monroe, SD
Monroe, SD is a serene and charming small town located in the heart of the Midwest. Known for its strong community ties and scenic landscapes, residents can enjoy an array of outdoor recreational activities and local events. With quality educational institutions and close proximity to larger cities, Monroe offers a perfect balance of peaceful living and accessibility to urban conveniences.
Current Market Conditions in Monroe, SD
The real estate market in Monroe, SD has recently seen a mild increase in home prices, following a trend attributed to the growing interest in rural and suburban living as remote work continues to be popular. Homes in Monroe are appealing to first-time buyers and those seeking affordable starter homes, as the town maintains a lower cost of living compared to nearby metro areas.
Currently, there is a favorable climate for buyers, as inventory levels have remained stable although slightly low. Overall, the market is gentle yet promising, with gradual appreciation projected as interest in Monroe continues to rise.
Home Value Estimator For Monroe, SD
There are currently 109 real estate properties
in Monroe, SD,
with a median automated valuation model (AVM) price
of $87,393.00. 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, SD, 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, SD,
is $223,735.00, with the most expensive house
in Monroe, SD, topping out
at $951,502.00 and the cheapest home
in Monroe, SD,
clocking in at $37,675.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monroe, SD!
Rent Prices
In Monroe, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monroe, SD, is on
a rollercoaster ride. The
average rent price in Monroe, SD,
is $1,118.00. Indeed, when looking to rent in
Monroe, SD, you can expect to pay as little
as $600.00 or as much
as $1,990.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Monroe, SD
-- 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.
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