Monroe, MI Metro Area - Investment Guide
Metro Area • 14 Cities • 15 ZIP Codes
Avg Home Value
$285,074
Avg Monthly Rent
$1,266
Avg Cap Rate
3.55%
Avg Investability
3.0 ★
Cities
14
ZIP Codes
15
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Monroe, MI Metro Area
Even conditions for buyers and sellers
36 days
Average time to sell
Average
9.2%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Monroe, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Monroe, MI
Carleton
Michigan
1 ZIPs
Dundee
Michigan
1 ZIPs
Erie
Michigan
1 ZIPs
Ida
Michigan
1 ZIPs
La Salle
Michigan
1 ZIPs
Lambertville
Michigan
1 ZIPs
Luna Pier
Michigan
1 ZIPs
Maybee
Michigan
1 ZIPs
Monroe
Michigan
2 ZIPs
Newport
Michigan
1 ZIPs
Ottawa Lake
Michigan
1 ZIPs
Petersburg
Michigan
1 ZIPs
South Rockwood
Michigan
1 ZIPs
Temperance
Michigan
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 48159 | Maybee | MI | $271,407 | $1,152 | 3.31% | |
| 48179 | South Rockwood | MI | $311,965 | $1,512 | 3.78% | |
| 48133 | Erie | MI | $242,869 | $1,044 | 3.35% | |
| 48140 | Ida | MI | $320,945 | $1,215 | 2.95% | |
| 48161 | Monroe | MI | $197,980 | $1,041 | 4.10% | |
| 48182 | Temperance | MI | $299,261 | $1,974 | 5.15% | |
| 49267 | Ottawa Lake | MI | $335,582 | $1,233 | 2.87% | |
| 48144 | Lambertville | MI | $309,087 | $1,224 | 3.09% | |
| 48162 | Monroe | MI | $228,023 | $1,201 | 4.11% | |
| 48117 | Carleton | MI | $344,620 | $1,206 | 2.73% | |
| 49270 | Petersburg | MI | $315,312 | $1,179 | 2.92% | |
| 48145 | La Salle | MI | $274,580 | $1,287 | 3.66% | |
| 48166 | Newport | MI | $201,865 | $1,332 | 5.15% | |
| 48179 | South Rockwood | MI | $293,938 | $1,512 | 4.01% | |
| 48131 | Dundee | MI | $302,266 | $1,332 | 3.44% | |
| 48157 | Luna Pier | MI | $189,950 | $1,134 | 4.66% | |
| 48159 | Maybee | MI | $285,899 | $1,152 | 3.14% | |
| 48182 | Temperance | MI | $283,553 | $1,386 | 3.81% | |
| 48133 | Erie | MI | $251,054 | $1,044 | 3.24% | |
| 48140 | Ida | MI | $333,616 | $1,215 | 2.84% | |
| 48161 | Monroe | MI | $204,378 | $1,167 | 4.45% | |
| 49267 | Ottawa Lake | MI | $315,700 | $1,233 | 3.05% | |
| 48117 | Carleton | MI | $315,578 | $1,206 | 2.98% | |
| 49270 | Petersburg | MI | $298,555 | $1,179 | 3.08% | |
| 48144 | Lambertville | MI | $314,987 | $1,224 | 3.03% | |
| 48162 | Monroe | MI | $236,070 | $1,264 | 4.17% | |
| 48166 | Newport | MI | $202,586 | $1,332 | 5.13% | |
| 48131 | Dundee | MI | $282,808 | $1,332 | 3.67% | |
| 48145 | La Salle | MI | $285,267 | $1,287 | 3.52% | |
| 48157 | Luna Pier | MI | $196,673 | $1,134 | 4.50% | |
| 48179 | South Rockwood | MI | $307,216 | $1,512 | 3.84% | |
| 48133 | Erie | MI | $235,892 | $1,044 | 3.45% | |
| 48140 | Ida | MI | $308,153 | $1,215 | 3.08% | |
| 48159 | Maybee | MI | $298,821 | $1,152 | 3.01% | |
| 48182 | Temperance | MI | $297,148 | $1,974 | 5.18% | |
| 48144 | Lambertville | MI | $296,263 | $1,224 | 3.22% | |
| 48161 | Monroe | MI | $206,275 | $1,076 | 4.07% | |
| 49267 | Ottawa Lake | MI | $331,780 | $1,233 | 2.90% | |
| 48117 | Carleton | MI | $340,048 | $1,206 | 2.77% | |
| 49270 | Petersburg | MI | $311,958 | $1,179 | 2.95% | |
| 48145 | La Salle | MI | $264,852 | $1,287 | 3.79% | |
| 48162 | Monroe | MI | $242,905 | $1,083 | 3.48% | |
| 48166 | Newport | MI | $205,207 | $1,332 | 5.06% | |
| 48131 | Dundee | MI | $299,516 | $1,332 | 3.47% | |
| 48157 | Luna Pier | MI | $182,077 | $1,134 | 4.86% | |
| 48159 | Maybee | MI | $274,766 | $1,152 | 3.27% | |
| 48179 | South Rockwood | MI | $322,734 | $1,512 | 3.65% | |
| 48133 | Erie | MI | $251,146 | $1,044 | 3.24% | |
| 48140 | Ida | MI | $332,558 | $1,215 | 2.85% | |
| 48161 | Monroe | MI | $207,939 | $1,137 | 4.27% |
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About Monroe, MI Real Estate Market
The Monroe, MI metropolitan statistical area (MSA) encompasses 14 cities and 15 ZIP codes. The average home value across the metro is $285,074, with an average monthly rent of $1,266. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.