Home prices
The median home in South Monroe is valued at $132,400. It is approximately $22,200 (20%) higher compared to the surrounding areas.It is approximately $85,100 (39%) lower in comparison to the US as a whole, and it is roughly $83,200 (169%) higher in comparison to the city of Detroit.
Rents
South Monroe's median rent is $735 per month. It is approximately $26 (3%) lower in comparison to its surrounding areas.It is roughly $327 (30%) lower in comparison to the rest of the country, and is approximately $89 (10%) lower in comparison to the city of Detroit.
Nearby places
Monroe
Monroe is South Monroe's neighbor to the northeast. Its housing prices are somewhat less expensive. The median home in Monroe costs $122,300, which comes out to $10,100 (8%) lower than South Monroe. Rent there is pretty similar. The median rent in Monroe is $741 a month, which is very similar to South Monroe.
West Monroe
West Monroe is about 1 mile northwest of South Monroe. The housing prices there are substantially less expensive. The median home in West Monroe is valued at $62,400, which comes out to $70,000 (112%) lower than South Monroe. The rent there is a lot more expensive. West Monroe's median monthly rent is $1,091, which is $356 (32%) higher than South Monroe.
Detroit Beach
Detroit Beach is approximately 4 miles northeast from South Monroe. Real estate prices there are a little less expensive. Detroit Beach's median home value is $106,900, which comes out to $25,500 (23%) lower than South Monroe. Rents there are somewhat less expensive. The median rent in Detroit Beach is $604 a month, which comes out to $131 (21%) lower than South Monroe.
Woodland Beach
Woodland Beach is approximately 5 miles northeast from South Monroe. Its real estate prices are a little less expensive. The value of the median home in Woodland Beach is $123,400, which works out to $9,000 (7%) lower than South Monroe. Rents there are a bit more expensive. Woodland Beach's median rent is $986 per month, which works out to $251 (25%) higher than South Monroe.
Luna Pier
Luna Pier is approximately 5 miles south of South Monroe. The real estate prices there are fairly similar. The cost of the median home in Luna Pier is $136,000, which comes out to $3,600 (2%) higher than South Monroe. Rents there are significantly less expensive. Luna Pier's median monthly rent is $383, which comes out to $352 (91%) lower than South Monroe.
