Market Overview
Home Prices in Monroe, ME
The median home value in Monroe, ME is $297,014 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.6% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monroe are priced28% below average.
Over the past five years, Monroe home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Monroe Home Price Trend
2020
$200,338
$200K
—
2021
$245,646
$246K
+22.6%
2022
$291,213
$291K
+18.5%
2023
$278,173
$278K
-4.5%
2024
$293,169
$293K
+5.4%
2025
$301,829
$302K
+3.0%
2026
$297,014
$297K
-1.6%
City Comparison
Monroe vs. National Median
🏠 Monroe
$297,014
National Median
$410,000
At $297,014, homes in Monroe cost 28% below the national median of $410,000. This makes Monroe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monroe?
20% Down Payment
$59,403
on $297,014
Monthly P&I
$1,549/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,967/mo
incl. taxes & insurance
Income Needed
$78,680
gross annual (30% rule)
10% Down Option
$29,701
+ PMI applies
Loan Amount (20% dn)
$237,611
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, ME?
The median home value in Monroe is $297,014 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.6% year-over-year.
How much have home prices changed in Monroe?
Over the past year, home values in Monroe have decreased by 1.6%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Monroe?
To comfortably afford the median home price of $297,014 with a 20% down payment ($59,403) at today's rates (6.8%), you'd need a gross annual income of approximately $78,680. 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 $297,014, homes in Monroe are 28% below the national average.