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📍 Monroe, NY · Zillow ZHVI · July 2026

Average Home Price in
Monroe, NY

Poughkeepsie-Newburgh-Middletown, NY metro area · Orange County County

Median Home Value
$531,458
↑ 0.6% year-over-year
vs. National Median
$410,000
Monroe is 30% above
Est. Monthly Payment
$2,772/mo
20% down · 6.8% rate
Income Needed
$141K
gross annual (30% rule)
Median Home Value
$531,458
↑ 0.6% year-over-year
Down Payment (20%)$106,292
Monthly P&I$2,772/mo
With Taxes & Ins.~$3,520/mo
Income Needed$140,800/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Monroe, NY

The median home value in Monroe, NY is $531,458 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1% from two years prior.

Compared to the U.S. national median of $410,000, homes in Monroe are priced30% above average. Monroe is part of the Poughkeepsie-Newburgh-Middletown, NY metro area.

City Comparison

Monroe vs. National Median

🏠 Monroe
$531,458
National Median
$410,000

At $531,458, homes in Monroe cost 30% 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
$106,292
on $531,458
Monthly P&I
$2,772/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,520/mo
incl. taxes & insurance
Income Needed
$140,800
gross annual (30% rule)
10% Down Option
$53,146
+ PMI applies
Loan Amount (20% dn)
$425,166
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, NY?
The median home value in Monroe is $531,458 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Monroe?
Over the past year, home values in Monroe have increased by 0.6%.
How much do I need to earn to buy a home in Monroe?
To comfortably afford the median home price of $531,458 with a 20% down payment ($106,292) at today's rates (6.8%), you'd need a gross annual income of approximately $140,800. 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 $531,458, homes in Monroe are 30% above the national average.
What metro area is Monroe part of?
Monroe is part of the Poughkeepsie-Newburgh-Middletown, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.