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:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Monroe, MI Metro Area
Even conditions for buyers and sellers
33 days
Average time to sell
Average
8.8%
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 August 29, 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 |
|---|---|---|---|---|---|---|
| 48162 | Monroe | MI | $229,182 | $1,264 | 4.30% | |
| 48117 | Carleton | MI | $312,222 | $1,206 | 3.01% | |
| 49267 | Ottawa Lake | MI | $343,250 | $1,233 | 2.80% | |
| 48144 | Lambertville | MI | $314,769 | $1,224 | 3.03% | |
| 48145 | La Salle | MI | $284,734 | $1,287 | 3.53% | |
| 48166 | Newport | MI | $207,894 | $1,332 | 5.00% | |
| 48131 | Dundee | MI | $278,476 | $1,332 | 3.73% | |
| 49270 | Petersburg | MI | $322,830 | $1,179 | 2.85% | |
| 48133 | Erie | MI | $240,733 | $1,044 | 3.38% | |
| 48157 | Luna Pier | MI | $194,136 | $1,134 | 4.56% | |
| 48179 | South Rockwood | MI | $295,466 | $1,512 | 3.99% | |
| 48182 | Temperance | MI | $286,139 | $1,386 | 3.78% | |
| 48140 | Ida | MI | $304,058 | $1,215 | 3.12% | |
| 48159 | Maybee | MI | $296,820 | $1,152 | 3.03% | |
| 48161 | Monroe | MI | $207,398 | $1,075 | 4.04% | |
| 49267 | Ottawa Lake | MI | $318,111 | $1,233 | 3.02% | |
| 48144 | Lambertville | MI | $297,198 | $1,224 | 3.21% | |
| 48145 | La Salle | MI | $263,326 | $1,287 | 3.81% | |
| 48162 | Monroe | MI | $242,624 | $1,211 | 3.89% | |
| 48117 | Carleton | MI | $332,082 | $1,206 | 2.83% | |
| 49270 | Petersburg | MI | $299,544 | $1,179 | 3.07% | |
| 48157 | Luna Pier | MI | $180,503 | $1,134 | 4.90% | |
| 48166 | Newport | MI | $208,265 | $1,332 | 4.99% | |
| 48131 | Dundee | MI | $291,795 | $1,332 | 3.56% | |
| 48133 | Erie | MI | $252,694 | $1,044 | 3.22% | |
| 48159 | Maybee | MI | $271,407 | $1,152 | 3.31% | |
| 48179 | South Rockwood | MI | $321,018 | $1,512 | 3.67% | |
| 48182 | Temperance | MI | $304,401 | $1,974 | 5.06% | |
| 48140 | Ida | MI | $324,002 | $1,215 | 2.92% | |
| 48161 | Monroe | MI | $197,980 | $1,041 | 4.10% | |
| 48162 | Monroe | MI | $228,023 | $1,201 | 4.11% | |
| 48117 | Carleton | MI | $312,222 | $1,206 | 3.01% | |
| 49267 | Ottawa Lake | MI | $344,720 | $1,233 | 2.79% | |
| 48144 | Lambertville | MI | $309,064 | $1,224 | 3.09% | |
| 48145 | La Salle | MI | $277,626 | $1,287 | 3.62% | |
| 48166 | Newport | MI | $201,865 | $1,332 | 5.15% | |
| 48131 | Dundee | MI | $278,476 | $1,332 | 3.73% | |
| 49270 | Petersburg | MI | $324,420 | $1,179 | 2.83% | |
| 48133 | Erie | MI | $240,733 | $1,044 | 3.38% | |
| 48157 | Luna Pier | MI | $190,491 | $1,134 | 4.64% | |
| 48179 | South Rockwood | MI | $293,938 | $1,512 | 4.01% | |
| 48182 | Temperance | MI | $283,553 | $1,386 | 3.81% | |
| 48140 | Ida | MI | $304,058 | $1,215 | 3.12% | |
| 48159 | Maybee | MI | $289,085 | $1,152 | 3.11% | |
| 48161 | Monroe | MI | $205,773 | $1,042 | 3.95% | |
| 49267 | Ottawa Lake | MI | $315,700 | $1,233 | 3.05% | |
| 48144 | Lambertville | MI | $297,198 | $1,224 | 3.21% | |
| 48145 | La Salle | MI | $263,326 | $1,287 | 3.81% | |
| 48162 | Monroe | MI | $237,892 | $1,264 | 4.14% | |
| 48117 | Carleton | MI | $328,323 | $1,206 | 2.87% |
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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.