Home prices
The cost of the median home in Monroe is $164,000. It is approximately $60,580 (26%) lower in comparison to the surrounding areas.Compared to the nation as a whole it is approximately $53,500 (24%) lower, and compared to the city of Charlotte it is about $56,300 (25%) lower.
Rents
Monroe's median rent is $981 a month. Compared to its nearby areas it is approximately $286 (22%) lower.It is about $81 (7%) lower compared to the United States as a whole, and it is approximately $154 (13%) lower compared to the city of Charlotte.
Nearby places
Unionville
Unionville is Monroe's neighbor to the northeast. Housing prices there are a little more expensive. The value of the median home in Unionville is $214,000, which comes out to $50,000 (23%) higher than Monroe. The rent there is somewhat less expensive. Unionville's median rent is $849 a month, which is $132 (15%) lower than Monroe.
Indian Trail
Indian Trail is Monroe's neighbor to the northwest. Real estate prices there are a little more expensive. The median home price in Indian Trail is $216,100, which works out to $52,100 (24%) higher than Monroe. Rent there is somewhat more expensive. The median monthly rent in Indian Trail is $1,411, which comes out to $430 (30%) higher than Monroe.
Wesley Chapel
Wesley Chapel is Monroe's neighbor to the west. Housing prices there are a lot more expensive. The median home in Wesley Chapel costs $348,700, which comes out to $184,700 (52%) higher than Monroe. Rent there is substantially more expensive. The median rent in Wesley Chapel is $1,551 per month, which is $570 (36%) higher than Monroe.
Wingate
Wingate is about 5 miles east of Monroe. Its real estate prices are a bit less expensive. The cost of the median home in Wingate is $146,700, which comes out to $17,300 (11%) lower than Monroe. The rent there is somewhat less expensive. The median monthly rent in Wingate is $868, which is $113 (13%) lower than Monroe.
Lake Park
Lake Park is about 6 miles northwest of Monroe. Its housing prices are somewhat more expensive. The median home value in Lake Park is $197,400, which is $33,400 (16%) higher than Monroe. Its rents are significantly more expensive. The median rent in Lake Park is $1,656 per month, which comes out to $675 (40%) higher than Monroe.
