Market Overview
Home Prices in Old Monroe, MO
The median home value in Old Monroe, MO is $348,201 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Old Monroe are priced15% below average. Old Monroe is part of the St. Louis, MO-IL metro area.
Over the past five years, Old Monroe home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Old Monroe Home Price Trend
City Comparison
Old Monroe vs. National Median
At $348,201, homes in Old Monroe cost 15% below the national median of $410,000. This makes Old Monroe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Old Monroe?
20% Down Payment
$69,640
on $348,201
Monthly P&I
$1,816/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,306/mo
incl. taxes & insurance
Income Needed
$92,240
gross annual (30% rule)
10% Down Option
$34,820
+ PMI applies
Loan Amount (20% dn)
$278,561
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 Old Monroe, MO?
The median home value in Old Monroe is $348,201 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Old Monroe?
Over the past year, home values in Old Monroe have increased by 6.3%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Old Monroe?
To comfortably afford the median home price of $348,201 with a 20% down payment ($69,640) at today's rates (6.8%), you'd need a gross annual income of approximately $92,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Old Monroe compare to the national average home price?
The national median home value is approximately $410,000. At $348,201, homes in Old Monroe are 15% below the national average.
What metro area is Old Monroe part of?
Old Monroe is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.