Monroe First-Time Homebuyer Report for October

Monroe is a small city in New York with a median income of $86,251 per household. Besides being very affluent, its population is much older than others with a median age of 38 years. The Monroe market is primarily made up of detached houses, which currently account for 83% of the homes for sale in the area. Topping the list of best schools in the city is Newburgh Free Academy.


If you're looking to explore the landscape of Monroe, then check out Monroe Ponds and Monroe Country Club, Foursquare's most popular places for outdoor activities. Recommended places to eat are The Captain's Table, Bourbon Street Bar & Grill, and McDonald's. You could also check out the popular The Captain's Table for a drink.

Price Range

Monroe has some of the more expensive homes in the state with a median home value of $262,600 and a current average list price of $289,120.

Make sure you take a look at these eye-catching homes in Monroe that generated the most views from potential buyers:

$369K   $225K   $242K  

Typical Dwelling

The typical dwelling in Monroe is a four-bedroom detached home worth about $375,219. To purchase a similar home, a buyer with good credit and a $75,044 cash down payment could obtain a mortgage with a 3.95% interest rate and a $468 monthly payment. The property tax rate is $24.06 per $1,000 of taxable assessed value.

Get started right now by checking out Monroe homes for sale or reviewing Monroe real estate trends.

Data reported through 10/13/2016


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