MONROE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Monroe averaged
6.95%
for the week of 2024-04-11, compared to the national average of
6.88% for the same period.
The average rate for the prior week (2024-04-04) was
7.09% and
one month ago for the week of 2024-03-07, the
average rate was 7.15%.
Monroe's average rate one year ago was 6.15%.
For refis of the same type during the week of 2024-04-11, the average rate
was 7.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-11 | 6.88% |
| Monroe 30 Year Fixed Rate | 2024-04-11 | 6.95% |
| Monroe 30 Year Fixed Rate Refi | 2024-04-11 | 7.57% |
| Monroe 15 Year Fixed Rate | 2024-04-11 | 6.26% |
| Monroe 15 Year Fixed Rate Refi | 2024-04-11 | 6.26% |
| Monroe 30 Year FHA | 2024-04-11 | 6.59% |
| Monroe 30 Year FHA Refi | 2024-04-11 | 6.94% |
| Monroe 30 Year USDA | 2024-04-11 | 6.71% |
| Monroe 30 Year USDA Refi | 2024-04-11 | 6.71% |
| Monroe 30 Year VA | 2024-04-11 | 6.86% |
| Monroe 30 Year VA Refi | 2024-04-11 | 6.77% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MONROE, MI.
MONROE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the MONROE, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
MONROE Average Closing Costs & Other Stats
MONROE, MI's 118 lenders originated 3,163
loans during 2023. The total origination value was $559,675,000, with an average loan value of
$176,944.
MONROE's average closing costs are $4,481.
The top MONROE lender as defined by loan originations is QUICKEN LOANS, LLC, with
100 loans originated. Their average total fees are
$5,301, which is $185
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee MONROE lenders (with over 10 loans originated) are
Directions Credit Union, Inc. ($1,361), MONROE COUNTY COMMUNITY CREDIT UNION ($2,641), TLC COMMUNITY Credit Union ($2,832), Old National Bank ($2,966) and JPMorgan Chase Bank ($2,974).
The lowest rate MONROE lenders (with over 10 loans originated) are
MORTGAGE CENTER L.C (6.23%), Directions Credit Union, Inc. (6.60%), TLC COMMUNITY Credit Union (6.66%), STAUNTON FINANCIAL, INC. (6.68%) and Old National Bank (6.69%).
MONROE, MI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Merchants Bank of Indiana | $49,685,000 | n/a | 8.9% | |
| QUICKEN LOANS, LLC | $81,010,000 | $42,125,000 | -48.0% | 7.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $38,475,000 | n/a | 6.9% | |
| The Huntington National Bank | $46,930,000 | $35,140,000 | -25.1% | 6.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $39,795,000 | $34,585,000 | -13.1% | 6.2% |
| First Merchants Bank | $31,445,000 | $18,815,000 | -40.2% | 3.4% |
| UNION HOME MORTGAGE CORP. | $32,415,000 | $18,215,000 | -43.8% | 3.3% |
| Directions Credit Union, Inc. | $25,440,000 | $17,465,000 | -31.3% | 3.1% |
| Fifth Third Bank | $31,970,000 | $17,350,000 | -45.7% | 3.1% |
| MORTGAGE 1 INCORPORATED | $16,495,000 | $13,645,000 | -17.3% | 2.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $22,405,000 | $13,405,000 | -40.2% | 2.4% |
| PNC Bank | $11,605,000 | $8,675,000 | -25.2% | 1.6% |
| MONROE COUNTY COMMUNITY CREDIT UNION | $12,325,000 | $8,660,000 | -29.7% | 1.5% |
| Citizens Bank | $11,830,000 | $8,550,000 | -27.7% | 1.5% |
| Mortgage Research Center, LLC | $7,985,000 | $7,600,000 | -4.8% | 1.4% |
| KeyBank | $11,060,000 | $7,575,000 | -31.5% | 1.4% |
| STAUNTON FINANCIAL, INC. | $6,620,000 | $6,800,000 | 2.7% | 1.2% |
| DFCU FINANCIAL | $6,595,000 | $6,750,000 | 2.4% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $13,375,000 | $6,575,000 | -50.8% | 1.2% |
| EVERETT FINANCIAL, INC. | $10,120,000 | $6,500,000 | -35.8% | 1.2% |
| Old National Bank | $5,355,000 | $6,440,000 | 20.3% | 1.2% |
| Flagstar Bank, FSB | $10,595,000 | $5,715,000 | -46.1% | 1.0% |
| GreenStone Farm Credit Services, FLCA | $11,575,000 | $5,630,000 | -51.4% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $2,145,000 | $5,590,000 | 160.6% | 1.0% |
| TRIAD FINANCIAL SERVICES, INC. | $7,170,000 | $5,160,000 | -28.0% | 0.9% |
| LAKE MICHIGAN CREDIT UNION | $12,360,000 | $5,150,000 | -58.3% | 0.9% |
| First Federal Bank of the Midwest | $16,405,000 | $5,080,000 | -69.0% | 0.9% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $8,260,000 | $5,080,000 | -38.5% | 0.9% |
| EQUITY RESOURCES, INC. | $6,245,000 | $4,690,000 | -24.9% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,645,000 | $4,070,000 | -46.8% | 0.7% |
| GUARANTEED RATE, INC. | $3,240,000 | $3,810,000 | 17.6% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,130,000 | $3,695,000 | 73.5% | 0.7% |
| TLC COMMUNITY Credit Union | $3,205,000 | $3,430,000 | 7.0% | 0.6% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,515,000 | $3,250,000 | -7.5% | 0.6% |
| NEWREZ LLC | $3,260,000 | $3,015,000 | -7.5% | 0.5% |
| University Bank | $265,000 | $3,010,000 | 1,035.8% | 0.5% |
| JPMorgan Chase Bank | $4,805,000 | $2,905,000 | -39.5% | 0.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $2,825,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $7,410,000 | $2,660,000 | -64.1% | 0.5% |
| Bank of Ann Arbor | $295,000 | $2,625,000 | 789.8% | 0.5% |
| MORTGAGE CENTER L.C | $6,520,000 | $2,620,000 | -59.8% | 0.5% |
| 21ST MORTGAGE CORPORATION | $1,425,000 | $2,555,000 | 79.3% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $4,505,000 | $2,510,000 | -44.3% | 0.4% |
| GVC MORTGAGE, INC. | $1,810,000 | $2,495,000 | 37.8% | 0.4% |
| ROSS MORTGAGE CORPORATION | $2,950,000 | $2,360,000 | -20.0% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,590,000 | $2,350,000 | -9.3% | 0.4% |
| SUN Federal Credit Union | $1,480,000 | $2,335,000 | 57.8% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $2,265,000 | $2,325,000 | 2.6% | 0.4% |
| CALIBER HOME LOANS, INC. | $9,105,000 | $2,190,000 | -75.9% | 0.4% |
| The Genoa Banking Company | $2,965,000 | $2,175,000 | -26.6% | 0.4% |
| DAS Acquisition Company, LLC | $410,000 | $2,115,000 | 415.9% | 0.4% |
| MID AMERICA MORTGAGE, INC. | $6,775,000 | $2,045,000 | -69.8% | 0.4% |
| THE MORTGAGE LINK, INC. | $1,975,000 | n/a | 0.4% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,770,000 | $1,940,000 | 9.6% | 0.3% |
| BLG HOLDINGS, INC. | $4,770,000 | $1,910,000 | -60.0% | 0.3% |
| First Federal Savings and Loan Association of Lakewood | $7,720,000 | $1,795,000 | -76.7% | 0.3% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,600,000 | $1,785,000 | 11.6% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,900,000 | $1,760,000 | -7.4% | 0.3% |
| Union Bank | $1,645,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $315,000 | $1,580,000 | 401.6% | 0.3% |
| COMMUNITY FINANCIAL CREDIT UNION | $2,890,000 | $1,540,000 | -46.7% | 0.3% |
| GENISYS | $565,000 | $1,520,000 | 169.0% | 0.3% |
| Waterford Bank, N.A. | $1,470,000 | $1,500,000 | 2.0% | 0.3% |
| NEW DAY FINANCIAL, LLC | $2,105,000 | $1,475,000 | -29.9% | 0.3% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $640,000 | $1,460,000 | 128.1% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $6,250,000 | $1,455,000 | -76.7% | 0.3% |
| LAND HOME FINANCIAL SERVICES, INC. | $2,160,000 | $1,435,000 | -33.6% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $915,000 | $1,390,000 | 51.9% | 0.2% |
| USAA Federal Savings Bank | $2,315,000 | $1,390,000 | -40.0% | 0.2% |
| Wells Fargo Bank | $4,190,000 | $1,355,000 | -67.7% | 0.2% |
| Bank of America | $1,805,000 | $1,315,000 | -27.1% | 0.2% |
| The Dart Bank | $780,000 | $1,280,000 | 64.1% | 0.2% |
| Discover Bank | $295,000 | $1,195,000 | 305.1% | 0.2% |
| Signature Bank, N.A. | $1,180,000 | n/a | 0.2% | |
| ChoiceOne Bank | $1,170,000 | n/a | 0.2% | |
| MICHIGAN MUTUAL, INC. | $2,155,000 | $1,155,000 | -46.4% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $1,165,000 | $1,085,000 | -6.9% | 0.2% |
| Carrington Mortgage Services, LLC | $1,415,000 | $1,075,000 | -24.0% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $525,000 | $950,000 | 81.0% | 0.2% |
| PREMIA MORTGAGE, LLC | $430,000 | $880,000 | 104.7% | 0.2% |
| Nations Lending Corporation | $2,475,000 | $840,000 | -66.1% | 0.2% |
| Figure Lending LLC | $475,000 | $825,000 | 73.7% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $125,000 | $815,000 | 552.0% | 0.1% |
| NFM, INC. | $405,000 | $815,000 | 101.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $745,000 | $810,000 | 8.7% | 0.1% |
| Civista Bank | $785,000 | n/a | 0.1% | |
| ADVANTAGE ONE Credit Union | $1,575,000 | $765,000 | -51.4% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $2,195,000 | $750,000 | -65.8% | 0.1% |
| INSPIRE HOME LOANS INC. | $745,000 | n/a | 0.1% | |
| Independent Bank | $1,945,000 | $740,000 | -62.0% | 0.1% |
| WINGS FINANCIAL | $690,000 | $690,000 | 0.0% | 0.1% |
| The Federal Savings Bank | $1,030,000 | $680,000 | -34.0% | 0.1% |
| SPRING EQ, LLC | $265,000 | $675,000 | 154.7% | 0.1% |
| CREDIT UNION ONE | $855,000 | $620,000 | -27.5% | 0.1% |
| The Loan Store, Inc. | $560,000 | $615,000 | 9.8% | 0.1% |
| Mercantile Bank of Michigan | $155,000 | $610,000 | 293.5% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $575,000 | n/a | 0.1% | |
| ENCORE BANK | $565,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $565,000 | n/a | 0.1% | |
| Public Service Credit Union | $130,000 | $555,000 | 326.9% | 0.1% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $1,255,000 | $550,000 | -56.2% | 0.1% |
| U.S. Bank | $1,925,000 | $540,000 | -71.9% | 0.1% |
| CONSUMERS | $535,000 | n/a | 0.1% | |
| MMS MORTGAGE SERVICES, LTD. | $105,000 | $515,000 | 390.5% | 0.1% |
| Providence Bank & Trust | $3,620,000 | $515,000 | -85.8% | 0.1% |
| ADVIA | $750,000 | $500,000 | -33.3% | 0.1% |
| CARDINAL FINANCIAL | $1,875,000 | $500,000 | -73.3% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $500,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $415,000 | $495,000 | 19.3% | 0.1% |
| Preston Home Loans Inc | $615,000 | $485,000 | -21.1% | 0.1% |
| Lake Trust Credit Union | $215,000 | $465,000 | 116.3% | 0.1% |
| NBKC BANK | $770,000 | $465,000 | -39.6% | 0.1% |
| MEMBERFOCUS COMMUNITY | $460,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $675,000 | $445,000 | -34.1% | 0.1% |
| DELMAR FINANCIAL COMPANY | $440,000 | n/a | 0.1% | |
| Michigan Educational Credit Union | $755,000 | $440,000 | -41.7% | 0.1% |
| Equity Prime Mortgage LLC | $145,000 | $435,000 | 200.0% | 0.1% |
| Ally Bank | $970,000 | $425,000 | -56.2% | 0.1% |
| The Farmers & Merchants State Bank | $525,000 | $425,000 | -19.0% | 0.1% |
| Comerica Bank | $630,000 | $415,000 | -34.1% | 0.1% |
| The State Bank and Trust Company | $2,480,000 | $400,000 | -83.9% | 0.1% |
| Northstar Bank | $395,000 | n/a | 0.1% | |
| First Bank | $375,000 | n/a | 0.1% | |
| VIBE CREDIT UNION | $135,000 | $370,000 | 174.1% | 0.1% |
| Zeal Credit Union | $200,000 | $365,000 | 82.5% | 0.1% |
| County National Bank | $185,000 | $355,000 | 91.9% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $1,790,000 | $340,000 | -81.0% | 0.1% |
| First State Bank | $945,000 | $340,000 | -64.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $630,000 | $325,000 | -48.4% | 0.1% |
| BNC National Bank | $315,000 | n/a | 0.1% | |
| MARSHALL COMMUNITY CREDIT UNION | $305,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $3,040,000 | $300,000 | -90.1% | 0.1% |
| Coastal Community Bank | $295,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $285,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $215,000 | $275,000 | 27.9% | 0.0% |
| Platinum Home Mortgage Corporation | $2,295,000 | $270,000 | -88.2% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $265,000 | n/a | 0.0% | |
| Baxter Credit Union | $255,000 | n/a | 0.0% | |
| Tri-County Bank | $255,000 | n/a | 0.0% | |
| Meijer Credit Union | $35,000 | $250,000 | 614.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $245,000 | n/a | 0.0% | |
| NexBank | $245,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| Plains Commerce Bank | $680,000 | $235,000 | -65.4% | 0.0% |
| GREENSTATE CREDIT UNION | $345,000 | $230,000 | -33.3% | 0.0% |
| Magnolia Bank | $215,000 | n/a | 0.0% | |
| COMMUNITY CHOICE CREDIT UNION | $225,000 | $210,000 | -6.7% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,055,000 | $210,000 | -80.1% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $2,205,000 | $205,000 | -90.7% | 0.0% |
| PLANET HOME LENDING, LLC | $205,000 | n/a | 0.0% | |
| Union Savings Bank | $205,000 | n/a | 0.0% | |
| Michigan Legacy Credit Union | $200,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $200,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $265,000 | $200,000 | -24.5% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $270,000 | $195,000 | -27.8% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $195,000 | $195,000 | 0.0% | 0.0% |
| ZILLOW HOME LOANS, LLC | $855,000 | $195,000 | -77.2% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $260,000 | $185,000 | -28.8% | 0.0% |
| Colonial Savings, F.A. | $175,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $415,000 | $165,000 | -60.2% | 0.0% |
| Total Community Credit Union | $165,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $805,000 | $165,000 | -79.5% | 0.0% |
| Armed Forces Bank | $155,000 | n/a | 0.0% | |
| Bank of England | $390,000 | $155,000 | -60.3% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $250,000 | $155,000 | -38.0% | 0.0% |
| AmRes Corporation | $195,000 | $145,000 | -25.6% | 0.0% |
| J. VIRGIL, INC. | $580,000 | $145,000 | -75.0% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $125,000 | $145,000 | 16.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $135,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $135,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $135,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $125,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $125,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $125,000 | n/a | 0.0% | |
| Servion, Inc. | $115,000 | $125,000 | 8.7% | 0.0% |
| HOMESITE MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
| Quontic Bank | $115,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $115,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,340,000 | $105,000 | -92.2% | 0.0% |
| GREENWOOD | $345,000 | $100,000 | -71.0% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $95,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | n/a | 0.0% | |
| PARKSIDE | $35,000 | $90,000 | 157.1% | 0.0% |
| CORNERSTONE COMMUNITY FINANCIAL | $80,000 | n/a | 0.0% | |
| Christian Financial Credit Union | $35,000 | $75,000 | 114.3% | 0.0% |
| GREAT LAKES | $75,000 | n/a | 0.0% | |
| S1L, Inc. | $75,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $75,000 | n/a | 0.0% | |
| Centier Bank | $270,000 | $65,000 | -75.9% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $815,000 | $55,000 | -93.3% | 0.0% |
| American 1 Credit Union | $45,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $105,000 | $35,000 | -66.7% | 0.0% |
| Lakeview Community Capital, LLC | $35,000 | n/a | 0.0% | |
| MidAmerica National Bank | $35,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% |
MONROE's top lender by overall market share is Merchants Bank of Indiana, with 8.9% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $42,125,000 in loans. In third place, with 6.9%, is AMERICAN FINANCIAL NETWORK, INC., having originated $38,475,000 in loans. In fourth place, with 6.3%, is The Huntington National Bank, having originated $35,140,000 in loans. In fifth place, with 6.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $34,585,000 in loans.
MONROE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MONROE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $169,175 (2.5%) | $210,985 (7.4%) | 0.63 | 443 |
| 2018-02-01 | $172,150 (3.7%) | $211,571 (6.0%) | 0.63 | 425 |
| 2018-03-01 | $187,000 (13.4%) | $217,793 (10.1%) | 0.66 | 406 |
| 2018-04-01 | $197,400 (16.2%) | $219,405 (7.5%) | 0.67 | 420 |
| 2018-05-01 | $199,225 (10.7%) | $220,592 (2.4%) | 0.67 | 436 |
| 2018-06-01 | $199,999 (6.7%) | $226,780 (2.3%) | 0.67 | 497 |
| 2018-07-01 | $216,400 (8.9%) | $229,790 (2.4%) | 0.72 | 538 |
| 2018-08-01 | $211,450 (19.2%) | $223,929 (2.5%) | 0.71 | 587 |
| 2018-09-01 | $199,450 (10.9%) | $223,200 (2.4%) | 0.67 | 577 |
| 2018-10-01 | $197,000 (9.4%) | $221,064 (0.9%) | 0.67 | 533 |
| 2018-11-01 | $203,063 (14.7%) | $222,793 (4.1%) | 0.69 | 497 |
| 2018-12-01 | $194,900 (19.6%) | $221,852 (5.7%) | 0.67 | 460 |
| 2019-01-01 | $187,450 (10.8%) | $222,207 (5.3%) | 0.65 | 444 |
| 2019-02-01 | $196,925 (14.4%) | $226,595 (7.1%) | 0.67 | 432 |
| 2019-03-01 | $203,614 (8.9%) | $228,108 (4.7%) | 0.67 | 417 |
| 2019-04-01 | $209,900 (6.3%) | $228,921 (4.3%) | 0.67 | 414 |
| 2019-05-01 | $199,900 (0.3%) | $232,337 (5.3%) | 0.62 | 421 |
| 2019-06-01 | $203,900 (2.0%) | $233,873 (3.1%) | 0.64 | 458 |
| 2019-07-01 | $210,195 (-2.9%) | $238,457 (3.8%) | 0.66 | 493 |
| 2019-08-01 | $207,173 (-2.0%) | $235,591 (5.2%) | 0.66 | 497 |
| 2019-09-01 | $203,082 (1.8%) | $234,180 (4.9%) | 0.65 | 493 |
| 2019-10-01 | $202,855 (3.0%) | $235,095 (6.4%) | 0.65 | 491 |
| 2019-11-01 | $201,490 (-0.8%) | $233,127 (4.6%) | 0.66 | 501 |
| 2019-12-01 | $199,900 (2.6%) | $226,863 (2.3%) | 0.67 | 452 |
| 2020-01-01 | $199,900 (6.6%) | $227,342 (2.3%) | 0.67 | 388 |
| 2020-02-01 | $209,950 (6.6%) | $235,558 (4.0%) | 0.69 | 342 |
| 2020-03-01 | $209,950 (3.1%) | $240,615 (5.5%) | 0.66 | 294 |
| 2020-04-01 | $204,900 (-2.4%) | $225,136 (-1.7%) | 0.64 | 265 |
| 2020-05-01 | $199,000 (-0.5%) | $228,038 (-1.9%) | 0.60 | 281 |
| 2020-06-01 | $221,950 (8.9%) | $237,540 (1.6%) | 0.65 | 264 |
| 2020-07-01 | $227,400 (8.2%) | $244,771 (2.7%) | 0.66 | 241 |
| 2020-08-01 | $239,900 (15.8%) | $254,669 (8.1%) | 0.69 | 247 |
| 2020-09-01 | $238,950 (17.7%) | $255,979 (9.3%) | 0.68 | 221 |
| 2020-10-01 | $229,900 (13.3%) | $251,786 (7.1%) | 0.66 | 223 |
| 2020-11-01 | $240,088 (19.2%) | $260,915 (11.9%) | 0.70 | 212 |
| 2020-12-01 | $229,900 (15.0%) | $261,655 (15.3%) | 0.68 | 204 |
| 2021-01-01 | $230,000 (15.1%) | $261,679 (15.1%) | 0.69 | 173 |
| 2021-02-01 | $248,008 (18.1%) | $269,668 (14.5%) | 0.72 | 156 |
| 2021-03-01 | $239,975 (14.3%) | $270,163 (12.3%) | 0.68 | 142 |
| 2021-04-01 | $260,630 (27.2%) | $289,398 (28.5%) | 0.71 | 152 |
| 2021-05-01 | $256,905 (29.1%) | $278,481 (22.1%) | 0.68 | 150 |
| 2021-06-01 | $256,175 (15.4%) | $280,627 (18.1%) | 0.67 | 190 |
| 2021-07-01 | $245,000 (7.7%) | $281,278 (14.9%) | 0.65 | 205 |
| 2021-08-01 | $248,050 (3.4%) | $281,802 (10.7%) | 0.66 | 243 |
| 2021-09-01 | $246,200 (3.0%) | $282,759 (10.5%) | 0.66 | 235 |
| 2021-10-01 | $239,900 (4.4%) | $281,833 (11.9%) | 0.64 | 210 |
| 2021-11-01 | $239,925 (-0.1%) | $282,363 (8.2%) | 0.64 | 198 |
| 2021-12-01 | $234,900 (2.2%) | $287,897 (10.0%) | 0.64 | 176 |
| 2022-01-01 | $234,900 (2.1%) | $289,639 (10.7%) | 0.64 | 164 |
| 2022-02-01 | $251,500 (1.4%) | $298,795 (10.8%) | 0.65 | 141 |
| 2022-03-01 | $250,750 (4.5%) | $300,272 (11.1%) | 0.63 | 121 |
| 2022-04-01 | $254,000 (-2.5%) | $303,202 (4.8%) | 0.61 | 126 |
| 2022-05-01 | $259,925 (1.2%) | $313,737 (12.7%) | 0.59 | 153 |
| 2022-06-01 | $274,950 (7.3%) | $319,707 (13.9%) | 0.61 | 183 |
| 2022-07-01 | $275,000 (12.2%) | $315,035 (12.0%) | 0.62 | 227 |
| 2022-08-01 | $246,650 (-0.6%) | $292,199 (3.7%) | 0.57 | 251 |
| 2022-09-01 | $264,725 (7.5%) | $300,343 (6.2%) | 0.62 | 232 |
| 2022-10-01 | $259,200 (8.1%) | $292,717 (3.9%) | 0.61 | 224 |
| 2022-11-01 | $267,500 (11.5%) | $298,588 (5.8%) | 0.64 | 221 |
| 2022-12-01 | $279,850 (19.1%) | $311,298 (8.1%) | 0.69 | 197 |
| 2023-01-01 | $275,900 (17.5%) | $306,128 (5.7%) | 0.68 | 184 |
| 2023-02-01 | $265,000 (5.4%) | $306,604 (2.6%) | 0.64 | 169 |
| 2023-03-01 | $267,000 (6.5%) | $299,210 (-0.4%) | 0.63 | 139 |
| 2023-04-01 | $269,950 (6.3%) | $305,585 (0.8%) | 0.63 | 143 |
| 2023-05-01 | $279,300 (7.5%) | $313,670 (0.0%) | 0.63 | 162 |
| 2023-06-01 | $296,365 (7.8%) | $326,439 (2.1%) | 0.67 | 163 |
| 2023-07-01 | $295,000 (7.3%) | $347,518 (10.3%) | 0.67 | 168 |
| 2023-08-01 | $289,250 (17.3%) | $339,244 (16.1%) | 0.66 | 192 |
| 2023-09-01 | $299,900 (13.3%) | $349,063 (16.2%) | 0.70 | 198 |
| 2023-10-01 | $275,000 (6.1%) | $326,916 (11.7%) | 0.65 | 200 |
| 2023-11-01 | $276,200 (3.3%) | $322,622 (8.1%) | 0.66 | 237 |
| 2023-12-01 | $275,000 (-1.7%) | $326,898 (5.0%) | 0.67 | 240 |
| 2024-01-01 | $267,775 (-2.9%) | $317,879 (3.8%) | 0.65 | 221 |
| 2024-02-01 | $274,500 (3.6%) | $329,951 (7.6%) | 0.66 | 201 |
| 2024-03-01 | $279,400 (4.6%) | $336,768 (12.6%) | 0.66 | 167 |
MONROE's median listing price for 2024-03-01 was $279,400, a difference of
$12,400
(4.6%) versus the prior year and
$4,900 versus the prior month.
MONROE's median listing price comes in at 66% of the national average.
MONROE's average listing price for 2024-03-01 was $336,768, a difference of $37,558 (12.6%) versus the prior year and $6,817 versus the prior month.
For the 2024-03-01 period, MONROE had 167 MLS listings, a difference of -34 listings (-17%) versus the prior month and 28 listings (20%) versus the prior year.
MONROE's median listing price comes in at 66% of the national average.
MONROE's average listing price for 2024-03-01 was $336,768, a difference of $37,558 (12.6%) versus the prior year and $6,817 versus the prior month.
For the 2024-03-01 period, MONROE had 167 MLS listings, a difference of -34 listings (-17%) versus the prior month and 28 listings (20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MONROE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 83 days | 1,644 sqft |
| 2018-02-01 | 84 days | 1,622 sqft |
| 2018-03-01 | 72 days | 1,641 sqft |
| 2018-04-01 | 50 days | 1,684 sqft |
| 2018-05-01 | 47 days | 1,699 sqft |
| 2018-06-01 | 44 days | 1,726 sqft |
| 2018-07-01 | 45 days | 1,759 sqft |
| 2018-08-01 | 45 days | 1,734 sqft |
| 2018-09-01 | 52 days | 1,691 sqft |
| 2018-10-01 | 59 days | 1,682 sqft |
| 2018-11-01 | 71 days | 1,685 sqft |
| 2018-12-01 | 80 days | 1,705 sqft |
| 2019-01-01 | 89 days | 1,678 sqft |
| 2019-02-01 | 89 days | 1,700 sqft |
| 2019-03-01 | 69 days | 1,716 sqft |
| 2019-04-01 | 53 days | 1,733 sqft |
| 2019-05-01 | 46 days | 1,705 sqft |
| 2019-06-01 | 49 days | 1,732 sqft |
| 2019-07-01 | 44 days | 1,766 sqft |
| 2019-08-01 | 48 days | 1,753 sqft |
| 2019-09-01 | 54 days | 1,742 sqft |
| 2019-10-01 | 53 days | 1,735 sqft |
| 2019-11-01 | 54 days | 1,715 sqft |
| 2019-12-01 | 70 days | 1,697 sqft |
| 2020-01-01 | 86 days | 1,699 sqft |
| 2020-02-01 | 94 days | 1,702 sqft |
| 2020-03-01 | 104 days | 1,675 sqft |
| 2020-04-01 | 92 days | 1,636 sqft |
| 2020-05-01 | 67 days | 1,629 sqft |
| 2020-06-01 | 47 days | 1,669 sqft |
| 2020-07-01 | 46 days | 1,675 sqft |
| 2020-08-01 | 46 days | 1,706 sqft |
| 2020-09-01 | 48 days | 1,734 sqft |
| 2020-10-01 | 50 days | 1,737 sqft |
| 2020-11-01 | 54 days | 1,728 sqft |
| 2020-12-01 | 51 days | 1,662 sqft |
| 2021-01-01 | 63 days | 1,686 sqft |
| 2021-02-01 | 56 days | 1,690 sqft |
| 2021-03-01 | 49 days | 1,672 sqft |
| 2021-04-01 | 30 days | 1,681 sqft |
| 2021-05-01 | 43 days | 1,675 sqft |
| 2021-06-01 | 29 days | 1,664 sqft |
| 2021-07-01 | 31 days | 1,664 sqft |
| 2021-08-01 | 29 days | 1,659 sqft |
| 2021-09-01 | 37 days | 1,659 sqft |
| 2021-10-01 | 46 days | 1,680 sqft |
| 2021-11-01 | 57 days | 1,621 sqft |
| 2021-12-01 | 54 days | 1,526 sqft |
| 2022-01-01 | 48 days | 1,544 sqft |
| 2022-02-01 | 54 days | 1,566 sqft |
| 2022-03-01 | 53 days | 1,601 sqft |
| 2022-04-01 | 46 days | 1,662 sqft |
| 2022-05-01 | 25 days | 1,736 sqft |
| 2022-06-01 | 26 days | 1,774 sqft |
| 2022-07-01 | 31 days | 1,752 sqft |
| 2022-08-01 | 31 days | 1,642 sqft |
| 2022-09-01 | 42 days | 1,638 sqft |
| 2022-10-01 | 50 days | 1,617 sqft |
| 2022-11-01 | 53 days | 1,632 sqft |
| 2022-12-01 | 55 days | 1,650 sqft |
| 2023-01-01 | 62 days | 1,666 sqft |
| 2023-02-01 | 55 days | 1,653 sqft |
| 2023-03-01 | 49 days | 1,642 sqft |
| 2023-04-01 | 42 days | 1,642 sqft |
| 2023-05-01 | 32 days | 1,661 sqft |
| 2023-06-01 | 35 days | 1,708 sqft |
| 2023-07-01 | 37 days | 1,731 sqft |
| 2023-08-01 | 34 days | 1,684 sqft |
| 2023-09-01 | 33 days | 1,757 sqft |
| 2023-10-01 | 38 days | 1,698 sqft |
| 2023-11-01 | 37 days | 1,699 sqft |
| 2023-12-01 | 46 days | 1,696 sqft |
| 2024-01-01 | 58 days | 1,649 sqft |
| 2024-02-01 | 66 days | 1,702 sqft |
| 2024-03-01 | 52 days | 1,664 sqft |
MONROE's median listing age (time on market) for 2024-03-01 was 52 days.
This
is 7%
longer
than the same period one year ago.
MONROE's median square footage for active listings during the 2024-03-01 period was 1,664 sqft. One year prior, the average listing was 1,642 sqft.
MONROE's median square footage for active listings during the 2024-03-01 period was 1,664 sqft. One year prior, the average listing was 1,642 sqft.
MONROE, MI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 48111 | Monroe, MI MSA | $950 | $990 | $1,260 | $1,570 | $1,690 |
| 48117 | Monroe, MI MSA | $670 | $770 | $1,000 | $1,280 | $1,630 |
| 48131 | Monroe, MI MSA | $760 | $870 | $1,140 | $1,450 | $1,860 |
| 48133 | Monroe, MI MSA | $840 | $950 | $1,250 | $1,590 | $2,040 |
| 48134 | Monroe, MI MSA | $790 | $890 | $1,140 | $1,420 | $1,540 |
| 48140 | Monroe, MI MSA | $580 | $660 | $860 | $1,120 | $1,400 |
| 48144 | Monroe, MI MSA | $820 | $930 | $1,220 | $1,560 | $1,990 |
| 48145 | Monroe, MI MSA | $810 | $920 | $1,210 | $1,540 | $1,980 |
| 48157 | Monroe, MI MSA | $570 | $660 | $850 | $1,120 | $1,360 |
| 48159 | Monroe, MI MSA | $770 | $880 | $1,150 | $1,470 | $1,880 |
| 48160 | Monroe, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,660 |
| 48161 | Monroe, MI MSA | $670 | $760 | $1,000 | $1,280 | $1,630 |
| 48162 | Monroe, MI MSA | $680 | $770 | $1,010 | $1,290 | $1,650 |
| 48164 | Monroe, MI MSA | $1,040 | $1,180 | $1,500 | $1,870 | $2,020 |
| 48166 | Monroe, MI MSA | $860 | $980 | $1,280 | $1,630 | $2,090 |
| 48177 | Monroe, MI MSA | $760 | $860 | $1,130 | $1,440 | $1,850 |
| 48179 | Monroe, MI MSA | $910 | $1,040 | $1,360 | $1,730 | $2,220 |
| 48182 | Monroe, MI MSA | $760 | $860 | $1,130 | $1,440 | $1,850 |
| 48191 | Monroe, MI MSA | $1,430 | $1,440 | $1,730 | $2,100 | $2,410 |
| 49228 | Monroe, MI MSA | $720 | $820 | $1,070 | $1,360 | $1,750 |
| 49229 | Monroe, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
| 49238 | Monroe, MI MSA | $650 | $740 | $970 | $1,240 | $1,580 |
| 49267 | Monroe, MI MSA | $890 | $1,010 | $1,330 | $1,700 | $2,170 |
| 49270 | Monroe, MI MSA | $710 | $810 | $1,060 | $1,350 | $1,730 |
| 49276 | Monroe, MI MSA | $860 | $980 | $1,290 | $1,650 | $2,110 |
2022 Average & Median Rent Data Statistics
MONROE, MI average 1BR rent: $907, median: $890
MONROE, MI average 2BR rent: $1,169, median: $1,140
MONROE, MI average 3BR rent: $1,481, median: $1,440
MONROE, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,664 | $351,690,000 | $211,352 |
| Home Improvement | 430 | $29,050,000 | $67,558 |
| Cash Out Refi | 410 | $64,220,000 | $156,634 |
| Other | 370 | $28,370,000 | $76,676 |
| Refi | 289 | $86,345,000 | $298,772 |
Monroe's most frequently cited loan purpose was Home Purchase, with 1,664 originations. The 2nd most popular reason was Home Improvement, with 430 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,120 | $224,450,000 | $200,402 |
| 7-8% | 859 | $148,785,000 | $173,207 |
| Over 8% | 823 | $114,195,000 | $138,755 |
| 5-6% | 300 | $60,690,000 | $202,300 |
| 4-5% | 16 | $3,210,000 | $200,625 |
| <2.5% | 7 | $2,855,000 | $407,857 |
| 3-4% | 3 | $375,000 | $125,000 |
During 2023, Monroe's most frequently originated rate bucket was 6-7%, with 1,120 originations.
Loan Sizing (MONROE, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,145 | $62,155,000 | $54,284 |
| $100k-200k | 1,048 | $155,220,000 | $148,111 |
| $200k-400k | 856 | $231,350,000 | $270,269 |
| $400k-600k | 98 | $46,120,000 | $470,612 |
| $600k-1000k | 12 | $8,050,000 | $670,833 |
| $Over $1MM | 4 | $56,780,000 | $14,195,000 |
MONROE's loan sizing saw the bucket of loans from $100,000 or less with 1,145 originations, totaling $62,155,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,209 | $321,725,000 | $266,108 |
| Under 20% | 514 | $21,310,000 | $41,459 |
| 60-80% | 499 | $106,485,000 | $213,397 |
| 20-40% | 490 | $41,300,000 | $84,286 |
| 40-60% | 305 | $45,465,000 | $149,066 |
| Over 100% | 29 | $10,855,000 | $374,310 |
MONROE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,209 originations, totaling $321,725,000 in origination value.