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 6.81% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2023-03-09) was 6.74% and one month ago for the week of 2023-02-09, the average rate was 6.13%.

Monroe's average rate one year ago was 4.06%.

For refis of the same type during the week of 2023-03-16, the average rate was 6.94%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-03-16 6.6%
Monroe 30 Year Fixed Rate 2023-03-16 6.81%
Monroe 30 Year Fixed Rate Refi 2023-03-16 6.94%
Monroe 15 Year Fixed Rate 2023-03-16 7.03%
Monroe 15 Year Fixed Rate Refi 2023-03-16 6.34%
Monroe 30 Year FHA 2023-03-16 6.6%
Monroe 30 Year FHA Refi 2023-03-16 6.36%
Monroe 30 Year USDA 2023-03-16 6.94%
Monroe 30 Year USDA Refi 2023-03-16 6.15%
Monroe 30 Year VA 2023-03-16 6.46%
Monroe 30 Year VA Refi 2023-03-16 6.05%
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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 526 3.11% $4,094
UNION HOME MORTGAGE CORP. 213 3.20% $3,406
UNITED WHOLESALE MORTGAGE, LLC 174 3.08% $3,626
The Huntington National Bank 164 3.16% $3,221
AMERICAN FINANCIAL NETWORK, INC. 95 3.36% $7,513
CROSSCOUNTRY MORTGAGE, LLC 92 3.23% $3,491
Fifth Third Bank 75 3.23% $2,796
MORTGAGE 1 INCORPORATED 75 3.43% $4,374
EQUITY RESOURCES, INC. 71 3.18% $2,739
KeyBank 58 3.11% $2,266
First Merchants Bank 57 3.06% $2,631
Mr. Cooper ( Nationstar Mortgage ) 52 3.34% $4,908
LAKE MICHIGAN CREDIT UNION 47 3.14% $3,936
Nations Lending Corporation 46 3.06% $4,307
CALIBER HOME LOANS, INC. 46 3.29% $3,187
AMERISAVE MORTGAGE CORPORATION 44 2.91% $4,490
LOANDEPOT.COM, LLC 44 3.19% $3,785
MONROE COUNTY COMMUNITY CREDIT UNION 41 3.19% $2,350
First Federal Savings and Loan Association of Lakewood 40 3.08% $4,413
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 37 3.08% $2,610
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 3.15% $4,688
Wells Fargo Bank 37 3.24% $2,814
Flagstar Bank, FSB 37 3.18% $3,202
MID AMERICA MORTGAGE, INC. 37 3.00% $2,853
PNC Bank 35 3.13% $2,839
Old National Bank 34 3.13% $2,614
JPMorgan Chase Bank 34 3.07% $2,966
The State Bank and Trust Company 30 3.06% $3,427
MORTGAGE CENTER L.C 29 3.15% $2,830
Citizens Bank 29 3.13% $3,713
STAUNTON FINANCIAL, INC. 25 3.09% $3,129
Level One Bank 24 3.29% $3,047
Platinum Home Mortgage Corporation 22 3.27% $4,993
ARK-LA-TEX FINANCIAL SERVICES, LLC. 21 3.40% $2,966
GUARANTEED RATE, INC. 20 3.24% $3,153
GreenStone Farm Credit Services, FLCA 20 3.56% $3,667
RUOFF MORTGAGE COMPANY, INC. 19 3.21% $3,021
BLG HOLDINGS, INC. 19 3.15% $3,735
DFCU FINANCIAL 17 3.31% $3,606
First Federal Bank of the Midwest 17 3.10% $2,831
ROSS MORTGAGE CORPORATION 16 3.24% $3,406
BETTER MORTGAGE CORPORATION 16 2.80% $3,792
BROKER SOLUTIONS, INC. 15 3.16% $4,029
HOME POINT FINANCIAL CORPORATION 15 3.15% $2,433
AMERIFIRST FINANCIAL CORPORATION 15 3.30% $3,376
SUCCESS MORTGAGE PARTNERS, INC. 14 3.48% $4,059
GENEVA FINANCIAL, LLC 14 3.54% $4,191
MICHIGAN MUTUAL, INC. 13 3.08% $3,565
The Genoa Banking Company 13 2.93% $3,278
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 13 3.18% $3,685
PRIMELENDING, A PLAINSCAPITAL COMPANY 12 3.26% $3,882
LAND HOME FINANCIAL SERVICES, INC. 12 3.05% $3,150
InterContinental Capital Group, Inc 12 3.17% $4,036
HOWARD HANNA FINANCIAL SERVICES, INC. 12 3.23% $3,054
UNIVERSITY LENDING GROUP, LLC 11 3.33% $2,879
FREEDOM MORTGAGE CORPORATION 11 3.39% $1,636
EVERETT FINANCIAL, INC. 10 3.54% $1,385
ACADEMY MORTGAGE CORPORATION 10 3.23% $2,982
NEWREZ LLC 10 3.20% $3,615
U.S. Bank 10 3.13% $2,533
PLAZA HOME MORTGAGE, INC. 9 3.44% $3,118
GVC MORTGAGE, INC. 9 3.11% $3,690
INSPIRE HOME LOANS INC. 9 3.40% $3,583
Bank of America 8 2.95% $3,152
Independent Bank 8 3.14% $2,987
ADVISORS CAPITAL, INC. 8 3.25% $2,981
PENNYMAC LOAN SERVICES, LLC 8 3.55% $3,962
TLC COMMUNITY Credit Union 8 3.42% $2,685
AMERICAN FINANCING CORPORATION 8 3.08% $3,862
TOWNE MORTGAGE COMPANY 7 3.43% $3,302
NAVY FEDERAL CREDIT UNION 6 3.77% $3,468
Bank of Ann Arbor 6 3.10% $3,356
COMMUNITY FINANCIAL CREDIT UNION 6 3.04% $2,776
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 3.25% $4,842
MICHIGAN SCHOOLS AND GOVERNMENT 6 2.85% $2,600
Paramount Residential Mortgage Group, Inc. 5 3.42% $7,202
ADVANTAGE ONE Credit Union 5 3.45% $6,083
CREDIT UNION ONE 5 3.25% $3,719
Carrington Mortgage Services, LLC 5 3.43% $4,768
Hometown Lenders, Inc. 5 3.62% $7,253
UNIVERSITY OF MICHIGAN CREDIT UNION 5 3.20% $2,607
First Guaranty Mortgage Corporation 5 3.33% $2,848
MMS MORTGAGE SERVICES, LTD. 5 3.40% $3,916
MICHIGAN FIRST CREDIT UNION 5 3.03% $2,590
MUTUAL OF OMAHA MORTGAGE, INC. 5 3.00% $1,895
Northpointe Bank 5 3.22% $2,714
HOMESIDE FINANCIAL, LLC 5 3.17% $4,780
MEMBER FIRST MORTGAGE, LLC 5 3.45% $2,919
GENISYS 4 3.00% $2,746
HARTFORD FUNDING, LTD. 4 3.28% $3,765
J. VIRGIL, INC. 4 3.13% $3,667
SUN Federal Credit Union 4 3.69% $1,723
SOFI LENDING CORP. 4 2.97% $2,585
Colonial Savings, F.A. 4 3.41% $3,661
PLANET HOME LENDING, LLC 4 2.94% $2,189
WINGS FINANCIAL 4 2.91% $3,014
CREDIT UNION MORTGAGE ASSOCIATION, INC. 4 3.00% $3,004
ZILLOW HOME LOANS, LLC 3 3.17% $4,804
STOCKTON MORTGAGE CORPORATION 3 3.21% $3,540
SUMMIT FUNDING, INC. 3 3.04% $4,025
North American Savings Bank, F.S.B. 3 2.83% $1,869
SUN WEST MORTGAGE COMPANY, INC. 3 3.63% $1,966
TCF National Bank 3 3.00% $2,918
The Dart Bank 3 3.50% $2,928
RESIDENTIAL BANCORP. 3 2.88% $2,673
PHH Mortgage Corporation 3 3.33% $4,479
LAKEVIEW LOAN SERVICING, LLC 2 3.44% $5,029
First Savings Bank 2 3.00% $2,208
Luxury Mortgage Corp. 2 3.25% $2,863
EMBRACE HOME LOANS, INC. 2 3.25% $3,289
Mortgage Research Center, LLC 2 2.99% $2,392
M&T Bank 2 3.25% $3,311
NBKC BANK 2 3.19% $2,915
Comerica Bank 2 2.81% $2,157
PENTAGON FEDERAL CREDIT UNION 2 2.75% $2,002
PROVIDENT FUNDING ASSOCIATES, L.P. 2 2.63% $2,844
ROYAL UNITED MORTGAGE LLC 2 3.06% $4,946
SPRING EQ, LLC 2 3.00% $0
STEARNS LENDING, LLC 2 3.25% $2,649
Superior Credit Union, Inc. 2 3.13% $2,342
The Citizens National Bank of Bluffton 2 3.75% $2,229
TOP FLITE FINANCIAL, INC. 2 3.38% $3,732
UNITED 2 3.13% $3,143
Ally Bank 2 2.94% $3,169
ALLIANCE CATHOLIC CREDIT UNION 2 3.19% $3,465
VAN DYK MORTGAGE CORPORATION 2 3.13% $3,945
Wyndham Capital Mortgage, Inc. 2 2.94% $1,786
Zeal Credit Union 2 2.94% $2,907
LOANPAL, LLC 1 3.99% $6,281
Plains Commerce Bank 1 3.38% $1,769
Liberty Savings Bank, F.S.B. 1 2.88% $4,263
Colten Mortgage, LLC 1 3.88% $3,544
LIBERTY HOME MORTGAGE CORPORATION 1 3.38% $5,499
CMG MORTGAGE, INC. 1 3.75% $5,958
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $7,436
Prime Choice Funding Inc. 1 3.63% $3,265
Citibank 1 3.00% $3,116
Prosperity Home Mortgage, LLC 1 4.75% $2,792
HOMESITE MORTGAGE, LLC 1 3.38% $2,826
ChoiceOne Bank 1 3.00% $3,154
Frankenmuth Credit Union 1 2.75% $2,157
CHERRY CREEK MORTGAGE, LLC 1 2.49% $315
WRIGHT-PATT CREDIT UNION, INC. 1 3.25% $2,843
LENDSURE MORTGAGE CORP. 1 3.75% $5,906
HOMEXPRESS MORTGAGE CORP. 1 6.63% $12,745
INLANTA MORTGAGE, INC. 1 2.88% $5,692
Bank of England 1 3.00% $3,864
INLAND BANK & TRUST 1 2.88% $2,772
GoPrime Mortgage, Inc. 1 2.88% $1,283
Strong Home Mortgage, LLC 1 2.88% $784
Axos Bank 1 3.49% $1,826
KINECTA 1 2.75% $3,056
Great Southern Bank 1 2.98% $2,542
KELLER MORTGAGE, LLC 1 3.50% $4,517
US MORTGAGE CORPORATION 1 3.13% $5,574
GUILD MORTGAGE COMPANY 1 2.99% $3,572
THE ANDERSON FINANCIAL GROUP, INC. 1 2.63% $2,950
The Central Trust Bank 1 2.75% $2,184
Honor Credit Union 1 2.88% $2,942
HEALTH ADVANTAGE FEDERAL CREDIT UNION 1 2.88% $3,225
THE EQUITABLE MORTGAGE CORPORATION 1 3.25% $4,683
The Farmers & Merchants State Bank 1 2.88% $2,079
Arvest Bank 1 3.00% $4,308
ARC HOME LLC 1 3.75% $2,746
The State Bank 1 2.75% $1,796
ANGEL OAK HOME LOANS LLC 1 4.25% $3,752
The Union Bank Company 1 4.13% $4,680
THRIVENT Federal Credit Union 1 3.38% $4,130
TJC Mortgage, Inc. 1 3.38% $3,146
ENVOY MORTGAGE, LTD 1 2.88% $3,634
AMERICAN MORTGAGE SERVICE COMPANY 1 3.88% $3,726
VIBE CREDIT UNION 1 3.00% $1,881
MOVEMENT MORTGAGE, LLC 1 3.19% $3,117
Elements Financial Federal Credit Union 1 3.38% $3,471
American Mortgage & Equity Consultants, Inc. 1 3.00% $4,348
FAY SERVICING, LLC 1 2.63% $3,867
Dort Financial Credit Union 1 2.88% $2,127
Dollar Bank, Federal Savings Bank 1 2.88% $2,805
Truist 1 2.88% $2,645
NEW DAY FINANCIAL, LLC 1 2.99% $2,470
FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $1,306
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 3.50% $3,469
NORTHERN MORTGAGE SERVICES, LLC 1 3.38% $3,713
Merchants Bank of Indiana 1 2.88% $10,984
Mercantile Bank of Michigan 1 3.63% $2,553
Magnolia Bank 1 2.88% $3,282
AMERICAN FINANCIAL RESOURCES, INC. 1 2.88% $3,339
A&D Mortgage LLC 1 4.99% $7,273

MONROE Average Closing Costs & Other Stats

MONROE, MI's 188 lenders originated 8,134 loans during 2021. The total origination value was $1,378,390,000, with an average loan value of $169,460.

MONROE's average closing costs are $4,117.

The top MONROE lender as defined by loan originations is QUICKEN LOANS, LLC, with 526 loans originated. Their average total fees are $4,094, which is $688 higher than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee MONROE lenders (with over 10 loans originated) are EVERETT FINANCIAL, INC. ($1,385), FREEDOM MORTGAGE CORPORATION ($1,636), KeyBank ($2,266), MONROE COUNTY COMMUNITY CREDIT UNION ($2,350) and HOME POINT FINANCIAL CORPORATION ($2,433).

The lowest rate MONROE lenders (with over 10 loans originated) are BETTER MORTGAGE CORPORATION (2.80%), AMERISAVE MORTGAGE CORPORATION (2.91%), The Genoa Banking Company (2.93%), MID AMERICA MORTGAGE, INC. (3.00%) and LAND HOME FINANCIAL SERVICES, INC. (3.05%).

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $217,285,000 $220,425,000 1.4% 16.0%
The Huntington National Bank $67,185,000 $80,730,000 20.2% 5.9%
UNION HOME MORTGAGE CORP. $69,445,000 $73,205,000 5.4% 5.3%
UNITED WHOLESALE MORTGAGE, LLC $42,020,000 $61,255,000 45.8% 4.4%
Fifth Third Bank $43,970,000 $51,970,000 18.2% 3.8%
First Merchants Bank $38,420,000 $40,630,000 5.8% 2.9%
AMERICAN FINANCIAL NETWORK, INC. $360,000 $39,435,000 10,854.2% 2.9%
CROSSCOUNTRY MORTGAGE, LLC $23,750,000 $30,265,000 27.4% 2.2%
MORTGAGE 1 INCORPORATED $18,155,000 $27,375,000 50.8% 2.0%
Directions Credit Union, Inc. $38,560,000 $25,500,000 -33.9% 1.8%
KeyBank $21,430,000 $25,340,000 18.2% 1.8%
Nations Lending Corporation $76,590,000 $24,070,000 -68.6% 1.7%
FREEDOM MORTGAGE CORPORATION $25,730,000 $23,720,000 -7.8% 1.7%
Mr. Cooper ( Nationstar Mortgage ) $15,645,000 $23,325,000 49.1% 1.7%
EQUITY RESOURCES, INC. $24,845,000 $19,415,000 -21.9% 1.4%
PNC Bank $14,030,000 $17,825,000 27.0% 1.3%
CALIBER HOME LOANS, INC. $12,765,000 $17,700,000 38.7% 1.3%
First Federal Savings and Loan Association of Lakewood $11,725,000 $17,520,000 49.4% 1.3%
LAKE MICHIGAN CREDIT UNION $21,315,000 $17,170,000 -19.4% 1.2%
MONROE COUNTY COMMUNITY CREDIT UNION $21,005,000 $16,995,000 -19.1% 1.2%
Wells Fargo Bank $8,955,000 $16,005,000 78.7% 1.2%
LOANDEPOT.COM, LLC $13,225,000 $15,735,000 19.0% 1.1%
Citizens Bank $14,760,000 $15,165,000 2.7% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $18,525,000 $14,790,000 -20.2% 1.1%
AMERISAVE MORTGAGE CORPORATION $7,105,000 $14,715,000 107.1% 1.1%
Flagstar Bank, FSB $14,575,000 $13,520,000 -7.2% 1.0%
GreenStone Farm Credit Services, FLCA $12,305,000 $13,290,000 8.0% 1.0%
Old National Bank $13,510,000 $13,285,000 -1.7% 1.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $10,760,000 $12,870,000 19.6% 0.9%
Mortgage Research Center, LLC $8,585,000 $12,390,000 44.3% 0.9%
MID AMERICA MORTGAGE, INC. $11,165,000 $12,380,000 10.9% 0.9%
The State Bank and Trust Company $17,435,000 $12,045,000 -30.9% 0.9%
JPMorgan Chase Bank $10,980,000 $12,000,000 9.3% 0.9%
First Federal Bank of the Midwest $18,320,000 $11,010,000 -39.9% 0.8%
MORTGAGE CENTER L.C $10,800,000 $9,160,000 -15.2% 0.7%
PENNYMAC LOAN SERVICES, LLC $3,990,000 $8,085,000 102.6% 0.6%
HOME POINT FINANCIAL CORPORATION $5,030,000 $7,785,000 54.8% 0.6%
NEWREZ LLC $4,135,000 $7,275,000 75.9% 0.5%
Platinum Home Mortgage Corporation $3,450,000 $7,180,000 108.1% 0.5%
The Genoa Banking Company $7,055,000 n/a 0.5%
DFCU FINANCIAL $5,240,000 $6,970,000 33.0% 0.5%
BETTER MORTGAGE CORPORATION $3,490,000 $6,745,000 93.3% 0.5%
GUARANTEED RATE, INC. $1,535,000 $6,480,000 322.1% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $7,110,000 $6,405,000 -9.9% 0.5%
STAUNTON FINANCIAL, INC. $5,520,000 $6,255,000 13.3% 0.5%
TRIAD FINANCIAL SERVICES, INC. $4,115,000 $6,005,000 45.9% 0.4%
Level One Bank $6,200,000 $5,945,000 -4.1% 0.4%
LAKEVIEW LOAN SERVICING, LLC $4,695,000 $5,790,000 23.3% 0.4%
RUOFF MORTGAGE COMPANY, INC. $5,955,000 $5,550,000 -6.8% 0.4%
ACADEMY MORTGAGE CORPORATION $6,475,000 $5,525,000 -14.7% 0.4%
UNIVERSITY LENDING GROUP, LLC $6,985,000 $5,300,000 -24.1% 0.4%
ROSS MORTGAGE CORPORATION $3,450,000 $5,280,000 53.0% 0.4%
BLG HOLDINGS, INC. $6,645,000 $5,055,000 -23.9% 0.4%
BROKER SOLUTIONS, INC. $3,685,000 $5,030,000 36.5% 0.4%
AMERIFIRST FINANCIAL CORPORATION $7,740,000 $4,800,000 -38.0% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,950,000 $4,705,000 141.3% 0.3%
GVC MORTGAGE, INC. $5,710,000 $4,600,000 -19.4% 0.3%
NAVY FEDERAL CREDIT UNION $4,005,000 $4,600,000 14.9% 0.3%
INSPIRE HOME LOANS INC. $2,825,000 $4,260,000 50.8% 0.3%
HOWARD HANNA FINANCIAL SERVICES, INC. $4,515,000 $4,175,000 -7.5% 0.3%
Bank of America $5,625,000 $4,155,000 -26.1% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,910,000 $4,135,000 5.8% 0.3%
SUN Federal Credit Union $3,670,000 $4,025,000 9.7% 0.3%
U.S. Bank $6,805,000 $3,805,000 -44.1% 0.3%
EVERETT FINANCIAL, INC. $7,050,000 $3,795,000 -46.2% 0.3%
SUCCESS MORTGAGE PARTNERS, INC. $2,735,000 $3,790,000 38.6% 0.3%
LAND HOME FINANCIAL SERVICES, INC. $9,195,000 $3,635,000 -60.5% 0.3%
TLC COMMUNITY Credit Union $7,680,000 $3,540,000 -53.9% 0.3%
MICHIGAN MUTUAL, INC. $1,695,000 $3,485,000 105.6% 0.3%
NEW DAY FINANCIAL, LLC $2,960,000 $3,390,000 14.5% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $2,110,000 $3,305,000 56.6% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $2,515,000 $3,155,000 25.4% 0.2%
InterContinental Capital Group, Inc $420,000 $3,105,000 639.3% 0.2%
USAA Federal Savings Bank $6,510,000 $2,980,000 -54.2% 0.2%
Bank of Ann Arbor $1,305,000 $2,930,000 124.5% 0.2%
GENEVA FINANCIAL, LLC $1,505,000 $2,925,000 94.4% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,260,000 $2,860,000 127.0% 0.2%
ADVANTAGE ONE Credit Union $2,895,000 $2,770,000 -4.3% 0.2%
Carrington Mortgage Services, LLC $3,035,000 $2,765,000 -8.9% 0.2%
Paramount Residential Mortgage Group, Inc. $1,730,000 $2,525,000 46.0% 0.2%
Waterford Bank, N.A. $4,480,000 $2,385,000 -46.8% 0.2%
MICHIGAN SCHOOLS AND GOVERNMENT $1,395,000 $2,325,000 66.7% 0.2%
TOWNE MORTGAGE COMPANY $2,930,000 $2,160,000 -26.3% 0.2%
PLAZA HOME MORTGAGE, INC. $340,000 $2,155,000 533.8% 0.2%
Hometown Lenders, Inc. $1,800,000 $2,090,000 16.1% 0.2%
First Guaranty Mortgage Corporation $3,155,000 $2,080,000 -34.1% 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $2,380,000 $2,015,000 -15.3% 0.1%
Arbor Realty Trust, Inc. $1,935,000 n/a 0.1%
CREDIT UNION ONE $1,390,000 $1,855,000 33.5% 0.1%
ADVISORS CAPITAL, INC. $1,050,000 $1,850,000 76.2% 0.1%
PLANET HOME LENDING, LLC $915,000 $1,815,000 98.4% 0.1%
AMERICAN FINANCING CORPORATION $1,405,000 $1,730,000 23.1% 0.1%
Independent Bank $3,235,000 $1,645,000 -49.1% 0.1%
J. VIRGIL, INC. $1,380,000 $1,645,000 19.2% 0.1%
COMMUNITY FINANCIAL CREDIT UNION $1,925,000 $1,590,000 -17.4% 0.1%
CLEARPATH LENDING $2,210,000 $1,535,000 -30.5% 0.1%
GENISYS $730,000 $1,495,000 104.8% 0.1%
TCF National Bank $2,025,000 $1,495,000 -26.2% 0.1%
Visio Financial Services Inc. $1,475,000 n/a 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $1,445,000 $1,400,000 -3.1% 0.1%
GLASS CITY Federal Credit Union $1,075,000 $1,390,000 29.3% 0.1%
21ST MORTGAGE CORPORATION $1,050,000 $1,335,000 27.1% 0.1%
Zeal Credit Union $2,620,000 $1,325,000 -49.4% 0.1%
MMS MORTGAGE SERVICES, LTD. $820,000 $1,280,000 56.1% 0.1%
SUMMIT FUNDING, INC. $3,955,000 $1,265,000 -68.0% 0.1%
Northpointe Bank $1,235,000 $1,220,000 -1.2% 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $1,155,000 n/a 0.1%
Ally Bank $1,000,000 $1,125,000 12.5% 0.1%
STEARNS LENDING, LLC $390,000 $1,115,000 185.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,050,000 $1,105,000 5.2% 0.1%
The Federal Savings Bank $2,335,000 $1,100,000 -52.9% 0.1%
SOFI LENDING CORP. $1,095,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $775,000 $1,085,000 40.0% 0.1%
Comerica Bank $1,045,000 $1,075,000 2.9% 0.1%
WINGS FINANCIAL $565,000 $1,055,000 86.7% 0.1%
MEMBER FIRST MORTGAGE, LLC $1,820,000 $1,045,000 -42.6% 0.1%
Colonial Savings, F.A. $385,000 $1,000,000 159.7% 0.1%
PHH Mortgage Corporation $1,045,000 $1,000,000 -4.3% 0.1%
STOCKTON MORTGAGE CORPORATION $970,000 n/a 0.1%
HARTFORD FUNDING, LTD. $960,000 n/a 0.1%
Chicago Mortgage Solutions LLC $940,000 $940,000 0.0% 0.1%
North American Savings Bank, F.S.B. $865,000 $940,000 8.7% 0.1%
NBKC BANK $810,000 $935,000 15.4% 0.1%
RESIDENTIAL BANCORP. $920,000 n/a 0.1%
FirstBank $785,000 $885,000 12.7% 0.1%
The Dart Bank $1,800,000 $880,000 -51.1% 0.1%
AMERICAN ADVISORS GROUP $380,000 $865,000 127.6% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,000,000 $865,000 -13.5% 0.1%
Manufacturers and Traders Trust Company $125,000 $795,000 536.0% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $1,180,000 $770,000 -34.7% 0.1%
ZILLOW HOME LOANS, LLC $730,000 n/a 0.1%
Low VA Rates, LLC $260,000 $710,000 173.1% 0.1%
ENVOY MORTGAGE, LTD $410,000 $695,000 69.5% 0.1%
MICHIGAN FIRST CREDIT UNION $2,765,000 $695,000 -74.9% 0.1%
TOP FLITE FINANCIAL, INC. $560,000 $695,000 24.1% 0.1%
Wyndham Capital Mortgage, Inc. $305,000 $695,000 127.9% 0.1%
DAS Acquisition Company, LLC $690,000 n/a 0.1%
The Union Bank Company $685,000 $675,000 -1.5% 0.0%
Magnolia Bank $1,220,000 $655,000 -46.3% 0.0%
The Central Trust Bank $620,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $610,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $185,000 $605,000 227.0% 0.0%
THE EQUITABLE MORTGAGE CORPORATION $245,000 $605,000 146.9% 0.0%
INLANTA MORTGAGE, INC. $830,000 $595,000 -28.3% 0.0%
Superior Credit Union, Inc. $810,000 $580,000 -28.4% 0.0%
BNC National Bank $580,000 $575,000 -0.9% 0.0%
CIVIC FINANCIAL SERVICES, LLC $570,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $885,000 $565,000 -36.2% 0.0%
UNITED $560,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $65,000 $550,000 746.2% 0.0%
ADVIA $495,000 $545,000 10.1% 0.0%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,400,000 $535,000 -61.8% 0.0%
CHURCHILL MORTGAGE CORPORATION $1,065,000 $525,000 -50.7% 0.0%
NATIONS DIRECT MORTGAGE, LLC $840,000 $515,000 -38.7% 0.0%
Figure Lending LLC $180,000 $500,000 177.8% 0.0%
Barrington Bank & Trust Company, N.A. $225,000 $495,000 120.0% 0.0%
Capital Bank $540,000 $490,000 -9.3% 0.0%
First Savings Bank $630,000 $490,000 -22.2% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $735,000 $480,000 -34.7% 0.0%
CMG MORTGAGE, INC. $240,000 $460,000 91.7% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $300,000 $445,000 48.3% 0.0%
The Citizens National Bank of Bluffton $765,000 $445,000 -41.8% 0.0%
VAN DYK MORTGAGE CORPORATION $1,580,000 $445,000 -71.8% 0.0%
EMBRACE HOME LOANS, INC. $480,000 $435,000 -9.4% 0.0%
ROYAL UNITED MORTGAGE LLC $2,010,000 $435,000 -78.4% 0.0%
BayCoast Bank $430,000 n/a 0.0%
Luxury Mortgage Corp. $870,000 $430,000 -50.6% 0.0%
SPRING EQ, LLC $210,000 $405,000 92.9% 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $165,000 $400,000 142.4% 0.0%
KELLER MORTGAGE, LLC $465,000 $400,000 -14.0% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $595,000 $390,000 -34.5% 0.0%
THRIVENT Federal Credit Union $115,000 $390,000 239.1% 0.0%
Dearborn Federal Savings Bank $225,000 $380,000 68.9% 0.0%
Merchants Bank of Indiana $375,000 n/a 0.0%
Farmers StateBank of Munith $360,000 n/a 0.0%
Frankenmuth Credit Union $630,000 $360,000 -42.9% 0.0%
The State Bank $465,000 $350,000 -24.7% 0.0%
County National Bank $195,000 $340,000 74.4% 0.0%
Mercantile Bank of Michigan $165,000 $340,000 106.1% 0.0%
ALL WESTERN MORTGAGE, INC. $335,000 n/a 0.0%
Plains Commerce Bank $205,000 $330,000 61.0% 0.0%
Honor Credit Union $805,000 $325,000 -59.6% 0.0%
Lake Trust Credit Union $175,000 $325,000 85.7% 0.0%
VIBE CREDIT UNION $290,000 $325,000 12.1% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $315,000 n/a 0.0%
ALLIANCE CATHOLIC CREDIT UNION $85,000 $310,000 264.7% 0.0%
Bank of England $855,000 $310,000 -63.7% 0.0%
Truist Bank $310,000 n/a 0.0%
Discover Bank $500,000 $305,000 -39.0% 0.0%
First Federal Bank of Kansas City $305,000 n/a 0.0%
WRIGHT-PATT CREDIT UNION, INC. $305,000 n/a 0.0%
Colten Mortgage, LLC $300,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $295,000 n/a 0.0%
LENDINGONE, LLC $290,000 n/a 0.0%
GoPrime Mortgage, Inc. $285,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $285,000 n/a 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $285,000 n/a 0.0%
Elements Financial Federal Credit Union $275,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $390,000 $275,000 -29.5% 0.0%
SIRVA MORTGAGE, INC. $515,000 $275,000 -46.6% 0.0%
Sunflower Bank $245,000 $275,000 12.2% 0.0%
ACCELERATE MORTGAGE, LLC $265,000 n/a 0.0%
The Farmers & Merchants State Bank $1,115,000 $260,000 -76.7% 0.0%
American Mortgage & Equity Consultants, Inc. $255,000 n/a 0.0%
Axos Bank $255,000 n/a 0.0%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $255,000 n/a 0.0%
Raymond James Bank $255,000 n/a 0.0%
Central Bank & Trust Company $245,000 n/a 0.0%
FIRST OHIO HOME FINANCE, INC. $245,000 n/a 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $245,000 n/a 0.0%
Citibank $160,000 $235,000 46.9% 0.0%
GSF Mortgage Corporation $125,000 $235,000 88.0% 0.0%
NORTHERN MORTGAGE SERVICES, LLC $235,000 n/a 0.0%
Residential Mortgage Solutions, Inc. $490,000 $235,000 -52.0% 0.0%
MIDWEST LOAN SOLUTIONS, INC. $225,000 n/a 0.0%
Strong Home Mortgage, LLC $225,000 n/a 0.0%
INLAND BANK & TRUST $215,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $265,000 $215,000 -18.9% 0.0%
ChoiceOne Bank $1,100,000 $210,000 -80.9% 0.0%
Dollar Bank, Federal Savings Bank $205,000 n/a 0.0%
Dort Financial Credit Union $205,000 n/a 0.0%
Public Service Credit Union $25,000 $205,000 720.0% 0.0%
The Croghan Colonial Bank $125,000 $205,000 64.0% 0.0%
ANGEL OAK HOME LOANS LLC $235,000 $195,000 -17.0% 0.0%
DOW CHEMICAL EMPLOYEES' $185,000 $195,000 5.4% 0.0%
Goldwater Bank, N.A. $195,000 n/a 0.0%
Great Southern Bank $195,000 n/a 0.0%
Credence Funding Corporation $185,000 n/a 0.0%
FBC MORTGAGE, LLC $185,000 n/a 0.0%
Oxford Bank & Trust $475,000 $180,000 -62.1% 0.0%
DIGITAL Federal Credit Union $175,000 n/a 0.0%
HOMESITE MORTGAGE, LLC $175,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $175,000 n/a 0.0%
Pacor Mortgage Corp $175,000 n/a 0.0%
GREENWOOD $170,000 n/a 0.0%
Beeline Loans, Inc. $165,000 n/a 0.0%
ELGA CREDIT UNION $165,000 n/a 0.0%
Prime Choice Funding Inc. $165,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $70,000 $160,000 128.6% 0.0%
Auto Club Trust, FSB $155,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $155,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $245,000 $155,000 -36.7% 0.0%
United Bay Community Credit Union $155,000 n/a 0.0%
US MORTGAGE CORPORATION $155,000 n/a 0.0%
AMERICAN MORTGAGE SERVICE COMPANY $145,000 n/a 0.0%
First Federal Bank $350,000 $145,000 -58.6% 0.0%
Ixonia Bank $145,000 n/a 0.0%
LOANPAL, LLC $145,000 n/a 0.0%
PROMEDICA FEDERAL CREDIT UNION $35,000 $145,000 314.3% 0.0%
RELIANCE FIRST CAPITAL, LLC $145,000 n/a 0.0%
Servion, Inc. $145,000 n/a 0.0%
St James Mortgage Corporation $145,000 n/a 0.0%
ARC HOME LLC $245,000 $135,000 -44.9% 0.0%
GUILD MORTGAGE COMPANY $135,000 n/a 0.0%
Prosperity Home Mortgage, LLC $135,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $135,000 n/a 0.0%
Lakeview Community Capital, LLC $255,000 $125,000 -51.0% 0.0%
LENDSURE MORTGAGE CORP. $125,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $125,000 n/a 0.0%
A&D Mortgage LLC $115,000 n/a 0.0%
KINECTA $115,000 n/a 0.0%
NEW ENGLAND FEDERAL CREDIT UNION $105,000 $115,000 9.5% 0.0%
FAY SERVICING, LLC $105,000 n/a 0.0%
PS Bank $95,000 n/a 0.0%
TJC Mortgage, Inc. $95,000 n/a 0.0%
Arvest Bank $125,000 $85,000 -32.0% 0.0%
HALLMARK HOME MORTGAGE, LLC $85,000 n/a 0.0%
Michigan Educational Credit Union $80,000 n/a 0.0%
CORNERSTONE COMMUNITY FINANCIAL $75,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $15,000 $75,000 400.0% 0.0%
Axiom Bank, N.A. $65,000 n/a 0.0%
Centier Bank $465,000 $60,000 -87.1% 0.0%
NUMARK CREDIT UNION $60,000 n/a 0.0%
ARBOR FINANCIAL CREDIT UNION $325,000 $55,000 -83.1% 0.0%
COMMUNITY CHOICE CREDIT UNION $205,000 $25,000 -87.8% 0.0%
GreenStone Farm Credit Services, ACA $45,000 $15,000 -66.7% 0.0%

MONROE's top lender by overall market share is QUICKEN LOANS, LLC, with 16.0% market share. In second place, with 5.9%, is The Huntington National Bank, having originated $80,730,000 in loans. In third place, with 5.3%, is UNION HOME MORTGAGE CORP., having originated $73,205,000 in loans. In fourth place, with 4.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $61,255,000 in loans. In fifth place, with 3.8%, is Fifth Third Bank, having originated $51,970,000 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%) 0.62 425
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 (2.6%) 0.71 587
2018-09-01 $199,000 (10.6%) $222,844 (2.2%) 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 (18.9%) $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%) 0.66 432
2019-03-01 $203,614 (8.9%) $228,110 (4.7%) 0.67 417
2019-04-01 $209,900 (6.3%) $228,918 (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 $211,298 (-2.4%) $238,680 (3.9%) 0.66 494
2019-08-01 $207,173 (-2.0%) $235,754 (5.3%) 0.65 498
2019-09-01 $203,082 (2.1%) $234,251 (5.1%) 0.65 493
2019-10-01 $202,855 (3.0%) $235,105 (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%) 0.68 342
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 (7.6%) $244,771 (2.6%) 0.66 241
2020-08-01 $239,900 (15.8%) $254,669 (8.0%) 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%) $261,028 (14.8%) 0.69 174
2021-02-01 $246,473 (17.4%) $268,798 (14.1%) 0.72 157
2021-03-01 $239,950 (14.3%) $269,690 (12.1%) 0.68 143
2021-04-01 $260,630 (27.2%) $289,398 (28.5%) 0.70 152
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%) 0.64 205
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 (11.0%) 0.63 164
2022-02-01 $251,500 (2.0%) $298,795 (11.2%) 0.65 141
2022-03-01 $250,750 (4.5%) $300,272 (11.3%) 0.63 121
2022-04-01 $254,000 (-2.5%) $303,202 (4.8%) 0.60 126
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%) $314,825 (11.9%) 0.62 228
2022-08-01 $247,400 (-0.3%) $292,086 (3.7%) 0.57 252
2022-09-01 $263,000 (6.8%) $300,201 (6.2%) 0.61 233
2022-10-01 $259,200 (8.1%) $291,786 (3.5%) 0.61 224
2022-11-01 $265,500 (10.7%) $297,640 (5.4%) 0.64 221
2022-12-01 $279,850 (19.1%) $311,298 (8.1%) 0.69 197
2023-01-01 $275,900 (17.5%) $306,009 (5.7%) 0.68 184
2023-02-01 $265,000 (5.4%) $306,604 (2.6%) 0.64 169
MONROE's median listing price for 2023-02-01 was $265,000, a difference of $13,500 (5.4%) versus the prior year and $-10,900 versus the prior month.

MONROE's median listing price comes in at 64% of the national average.

MONROE's average listing price for 2023-02-01 was $306,604, a difference of $7,809 (2.6%) versus the prior year and $595 versus the prior month.

For the 2023-02-01 period, MONROE had 169 MLS listings, a difference of -15 listings (-8%) 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 87 days 1,644 sqft
2018-02-01 90 days 1,622 sqft
2018-03-01 78 days 1,641 sqft
2018-04-01 52 days 1,684 sqft
2018-05-01 50 days 1,699 sqft
2018-06-01 47 days 1,725 sqft
2018-07-01 47 days 1,759 sqft
2018-08-01 47 days 1,734 sqft
2018-09-01 53 days 1,691 sqft
2018-10-01 61 days 1,682 sqft
2018-11-01 74 days 1,685 sqft
2018-12-01 82 days 1,705 sqft
2019-01-01 93 days 1,678 sqft
2019-02-01 95 days 1,700 sqft
2019-03-01 74 days 1,716 sqft
2019-04-01 58 days 1,734 sqft
2019-05-01 49 days 1,705 sqft
2019-06-01 51 days 1,732 sqft
2019-07-01 45 days 1,768 sqft
2019-08-01 49 days 1,753 sqft
2019-09-01 55 days 1,742 sqft
2019-10-01 56 days 1,735 sqft
2019-11-01 56 days 1,715 sqft
2019-12-01 71 days 1,697 sqft
2020-01-01 89 days 1,699 sqft
2020-02-01 100 days 1,702 sqft
2020-03-01 116 days 1,675 sqft
2020-04-01 105 days 1,636 sqft
2020-05-01 72 days 1,629 sqft
2020-06-01 59 days 1,669 sqft
2020-07-01 51 days 1,675 sqft
2020-08-01 51 days 1,706 sqft
2020-09-01 52 days 1,734 sqft
2020-10-01 58 days 1,737 sqft
2020-11-01 59 days 1,728 sqft
2020-12-01 58 days 1,662 sqft
2021-01-01 68 days 1,684 sqft
2021-02-01 63 days 1,689 sqft
2021-03-01 53 days 1,669 sqft
2021-04-01 33 days 1,681 sqft
2021-05-01 43 days 1,675 sqft
2021-06-01 31 days 1,664 sqft
2021-07-01 31 days 1,664 sqft
2021-08-01 31 days 1,659 sqft
2021-09-01 39 days 1,659 sqft
2021-10-01 48 days 1,680 sqft
2021-11-01 64 days 1,621 sqft
2021-12-01 58 days 1,526 sqft
2022-01-01 55 days 1,544 sqft
2022-02-01 58 days 1,566 sqft
2022-03-01 57 days 1,601 sqft
2022-04-01 50 days 1,662 sqft
2022-05-01 30 days 1,736 sqft
2022-06-01 29 days 1,774 sqft
2022-07-01 31 days 1,749 sqft
2022-08-01 33 days 1,640 sqft
2022-09-01 42 days 1,635 sqft
2022-10-01 51 days 1,600 sqft
2022-11-01 55 days 1,628 sqft
2022-12-01 59 days 1,650 sqft
2023-01-01 67 days 1,666 sqft
2023-02-01 60 days 1,653 sqft
MONROE's median listing age (time on market) for 2023-02-01 was 60 days. This is 3% longer than the same period one year ago.

MONROE's median square footage for active listings during the 2023-02-01 period was 1,653 sqft. One year prior, the average listing was 1,566 sqft.

MONROE, MI Average Rent (2022)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
48111 Monroe, MI $930 $940 $1,140 $1,440 $1,710
48117 Monroe, MI $640 $740 $950 $1,250 $1,520
48131 Monroe, MI $650 $740 $970 $1,280 $1,550
48133 Monroe, MI $700 $810 $1,050 $1,380 $1,680
48134 Monroe, MI $650 $750 $960 $1,210 $1,320
48140 Monroe, MI $570 $630 $810 $1,100 $1,210
48144 Monroe, MI $770 $880 $1,150 $1,510 $1,840
48145 Monroe, MI $750 $860 $1,120 $1,470 $1,790
48157 Monroe, MI $570 $630 $810 $1,100 $1,210
48159 Monroe, MI $670 $770 $1,000 $1,310 $1,600
48160 Monroe, MI $930 $940 $1,140 $1,440 $1,710
48161 Monroe, MI $580 $670 $870 $1,140 $1,390
48162 Monroe, MI $600 $680 $890 $1,170 $1,420
48164 Monroe, MI $860 $990 $1,270 $1,610 $1,730
48166 Monroe, MI $780 $890 $1,160 $1,530 $1,850
48177 Monroe, MI $650 $740 $970 $1,280 $1,550
48179 Monroe, MI $810 $930 $1,210 $1,590 $1,930
48182 Monroe, MI $650 $740 $970 $1,280 $1,550
48191 Monroe, MI $1,250 $1,260 $1,520 $1,880 $2,190
49228 Monroe, MI $630 $720 $940 $1,240 $1,500
49229 Monroe, MI $930 $940 $1,140 $1,440 $1,710
49238 Monroe, MI $600 $690 $900 $1,180 $1,440
49267 Monroe, MI $680 $780 $1,020 $1,340 $1,630
49270 Monroe, MI $630 $720 $940 $1,240 $1,500
49276 Monroe, MI $780 $890 $1,160 $1,530 $1,850

2022 Average & Median Rent Data Statistics
MONROE, MI average 1BR rent: $813, median: $770
MONROE, MI average 2BR rent: $1,042, median: $1,000
MONROE, MI average 3BR rent: $1,358, median: $1,310

MONROE, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 3,241 $536,185,000 $165,438
Home Purchase 2,491 $494,315,000 $198,440
Cash Out Refi 1,753 $298,295,000 $170,163
Home Improvement 352 $25,760,000 $73,182
Other 297 $23,835,000 $80,253

Monroe's most frequently cited loan purpose was Refi, with 3,241 originations. The 2nd most popular reason was Home Purchase, with 2,491 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 3,204 $581,800,000 $181,586
3-4% 2,898 $505,320,000 $174,369
<2.5% 1,369 $232,095,000 $169,536
4-5% 325 $35,895,000 $110,446
Over 8% 113 $5,915,000 $52,345
5-6% 105 $6,925,000 $65,952
6-7% 53 $3,425,000 $64,623
7-8% 37 $1,735,000 $46,892

During 2021, Monroe's most frequently originated rate bucket was 2.5-3%, with 3,204 originations.

Loan Sizing (MONROE, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,955 $581,745,000 $147,091
$200k-400k 2,312 $604,500,000 $261,462
$100,000 or less 1,712 $112,070,000 $65,461
$400k-600k 136 $63,320,000 $465,588
$600k-1000k 15 $9,985,000 $665,667
$Over $1MM 4 $6,770,000 $1,692,500

MONROE's loan sizing saw the bucket of loans from $100k-200k with 3,955 originations, totaling $581,745,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 2,693 $501,115,000 $186,081
80-100% 2,583 $532,215,000 $206,045
40-60% 1,352 $192,230,000 $142,182
20-40% 676 $57,800,000 $85,503
Under 20% 319 $11,805,000 $37,006
Over 100% 53 $14,885,000 $280,849

MONROE's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 2,693 originations, totaling $501,115,000 in origination value.