Market Overview
Home Prices in Monitor, MI
The median home value in Monitor, MI is $242,487 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monitor are priced41% below average. Monitor is part of the Bay City, MI metro area.
Over the past five years, Monitor home values have risen by approximately36.6%, reflecting strong long-term appreciation in this market.
Price History
Monitor Home Price Trend
City Comparison
Monitor vs. National Median
At $242,487, homes in Monitor cost 41% below the national median of $410,000. This makes Monitor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monitor?
20% Down Payment
$48,497
on $242,487
Monthly P&I
$1,265/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,607/mo
incl. taxes & insurance
Income Needed
$64,280
gross annual (30% rule)
10% Down Option
$24,249
+ PMI applies
Loan Amount (20% dn)
$193,990
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 Monitor, MI?
The median home value in Monitor is $242,487 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Monitor?
Over the past year, home values in Monitor have increased by 6.5%. Over five years, prices have risen approximately 36.6%.
How much do I need to earn to buy a home in Monitor?
To comfortably afford the median home price of $242,487 with a 20% down payment ($48,497) at today's rates (6.8%), you'd need a gross annual income of approximately $64,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Monitor compare to the national average home price?
The national median home value is approximately $410,000. At $242,487, homes in Monitor are 41% below the national average.
What metro area is Monitor part of?
Monitor is part of the Bay City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.