Welcome to our 28110 real estate data hub, tailored for investors in Monroe, NC. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 28110 in Monroe, NC. Discover Section 8 housing opportunities and challenges to maximize your investment potential in UNION COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Monroe, NC real estate investing. Uncover the wealth of information available, and position yourself for success in the Monroe property market.
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Location Overview
- Zip Code: 28110
- City: Monroe
- State: NC
- Metro Area: Charlotte-Concord-Gastonia, NC-SC
- County Name: UNION COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $344,224
- Average Home Price (Single Family Homes): $345,556
- Average Monthly Rental Price (All Types): $1,908
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: 2.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,240
- Average 3 Bedroom Section 8 Rental Rates: $1,570
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.13
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.27
- Number of Units Offered in Section 8 in the County: 394
- Number of Occupied Units in Section 8 in the County: 377
- Percentage of Section 8 Units Occupied in the County: 95.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 242.71
- Total % Appreciation since 2000 (Government Data): 135.13
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.71%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.51%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 51.21%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.33%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 155.97%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.02%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 143.65%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -2.49%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.03%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.96%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 45.62%