Market Overview
Home Prices in Monroe, CT
The median home value in Monroe, CT is $655,588 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.3% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monroe are priced60% above average. Monroe is part of the Bridgeport-Stamford-Norwalk, CT metro area.
Over the past five years, Monroe home values have risen by approximately40.7%, reflecting strong long-term appreciation in this market.
Price History
Monroe Home Price Trend
City Comparison
Monroe vs. National Median
At $655,588, homes in Monroe cost 60% above the national median of $410,000. Buyers in Monroe should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monroe?
20% Down Payment
$131,118
on $655,588
Monthly P&I
$3,419/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,342/mo
incl. taxes & insurance
Income Needed
$173,680
gross annual (30% rule)
10% Down Option
$65,559
+ PMI applies
Loan Amount (20% dn)
$524,470
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Monroe, CT?
The median home value in Monroe is $655,588 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.3% year-over-year.
How much have home prices changed in Monroe?
Over the past year, home values in Monroe have increased by 8.3%. Over five years, prices have risen approximately 40.7%.
How much do I need to earn to buy a home in Monroe?
To comfortably afford the median home price of $655,588 with a 20% down payment ($131,118) at today's rates (6.8%), you'd need a gross annual income of approximately $173,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Monroe compare to the national average home price?
The national median home value is approximately $410,000. At $655,588, homes in Monroe are 60% above the national average.
What metro area is Monroe part of?
Monroe is part of the Bridgeport-Stamford-Norwalk, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.