Market Overview
Home Prices in Monroe City, MO
The median home value in Monroe City, MO is $201,461 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and up 8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monroe City are priced51% below average. Monroe City is part of the Hannibal, MO metro area.
Over the past five years, Monroe City home values have risen by approximately41.0%, reflecting strong long-term appreciation in this market.
Price History
Monroe City Home Price Trend
City Comparison
Monroe City vs. National Median
At $201,461, homes in Monroe City cost 51% below the national median of $410,000. This makes Monroe City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monroe City?
20% Down Payment
$40,292
on $201,461
Monthly P&I
$1,051/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,335/mo
incl. taxes & insurance
Income Needed
$53,400
gross annual (30% rule)
10% Down Option
$20,146
+ PMI applies
Loan Amount (20% dn)
$161,169
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 City, MO?
The median home value in Monroe City is $201,461 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Monroe City?
Over the past year, home values in Monroe City have increased by 8.2%. Over five years, prices have risen approximately 41.0%.
How much do I need to earn to buy a home in Monroe City?
To comfortably afford the median home price of $201,461 with a 20% down payment ($40,292) at today's rates (6.8%), you'd need a gross annual income of approximately $53,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Monroe City compare to the national average home price?
The national median home value is approximately $410,000. At $201,461, homes in Monroe City are 51% below the national average.
What metro area is Monroe City part of?
Monroe City is part of the Hannibal, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.