Real Estate Investing in Monroe County, Michigan

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

15 ZIP codes • Population: 147,929

Should you buy in Monroe County, MI? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice β€” values are growing steadily and the market is stable enough to buy with confidence.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Monroe County, MI?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $285,074
Avg Monthly Rent $1,266
ZIP Codes 15

Investing in Monroe County Real Estate

Monroe County spans 15 ZIP codes across 14 cities in Michigan, with a population of 147,929. The county's subdued investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

The investment case for Monroe County is difficult to make on screen data alone. better suited elsewhere for a 3.0 rating and cap rates that appear attractive only until real vacancy is underwritten.

The 0% renter share in Monroe masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Monroe County, MI. Anonymous, moderated, never written by AI.

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Avg Home Value
$285,074
Avg Monthly Rent
$1,266
1% Rule
βœ— Below
Landlord Friendly (MI)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Monroe, MI metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
42%
Days Pending
0/2
33 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Monroe County

2 Colleges 2,350 Students 549 Off-Campus Renters
C
Michigan College of Beauty-Monroe
Vocational For-Profit Β· 100 students
C
Monroe County Community College
2-Year Public Β· 2,250 students
πŸ“ ~549 students rent off-campus

Investor Insight: With 549 students living off-campus, Monroe County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Monroe County

ZIP Codes in Monroe County, MI

48162 β˜… β˜… β˜… β˜… β˜…
Monroe
Population 28,275
Avg Home $242,905
Avg Rent $1,083/mo
48161 β˜… β˜… β˜… β˜… β˜…
Monroe
Population 26,556
Avg Home $206,275
Avg Rent $1,076/mo
48182 β˜… β˜… β˜… β˜… β˜…
Temperance
Population 20,705
Avg Home $305,604
Avg Rent $1,974/mo
48166 β˜… β˜… β˜… β˜… β˜…
Newport
Population 13,746
Avg Home $205,207
Avg Rent $1,332/mo
48144 β˜… β˜… β˜… β˜… β˜…
Lambertville
Population 10,275
Avg Home $314,987
Avg Rent $1,224/mo
48117 β˜… β˜… β˜… β˜… β˜…
Carleton
Population 10,199
Avg Home $344,620
Avg Rent $1,206/mo
48131 β˜… β˜… β˜… β˜… β˜…
Dundee
Population 8,306
Avg Home $302,266
Avg Rent $1,332/mo
48133 β˜… β˜… β˜… β˜… β˜…
Erie
Population 6,711
Avg Home $251,054
Avg Rent $1,044/mo
49270 β˜… β˜… β˜… β˜… β˜…
Petersburg
Population 5,728
Avg Home $322,830
Avg Rent $1,179/mo
49267 β˜… β˜… β˜… β˜… β˜…
Ottawa Lake
Population 3,947
Avg Home $343,250
Avg Rent $1,233/mo
48140 β˜… β˜… β˜… β˜… β˜…
Ida
Population 3,370
Avg Home $333,616
Avg Rent $1,215/mo
48179 β˜… β˜… β˜… β˜… β˜…
South Rockwood
Population 3,353
Avg Home $322,734
Avg Rent $1,512/mo
48145 β˜… β˜… β˜… β˜… β˜…
La Salle
Population 2,917
Avg Home $285,267
Avg Rent $1,287/mo
48159 β˜… β˜… β˜… β˜… β˜…
Maybee
Population 2,637
Avg Home $298,821
Avg Rent $1,152/mo
48157 β˜… β˜… β˜… β˜… β˜…
Luna Pier
Population 1,204
Avg Home $196,673
Avg Rent $1,134/mo

Screen every market in Monroe County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Monroe County

Where do home prices stand in, MI?

Typical homes in, MI go for around $285K. The 5-year CAGR of 0.0% reliable price movement.

How landlord-friendly is, MI?

MI law tenant-protective for landlords, and inherits those rules. Investors should still review local ordinances for rental licensing.

What is the typical renter like in, MI?

The renter base in, MI is reasonable for the $1,266/mo price point. Screening well and pricing to market typically yields consistent tenants.

What is the rental occupancy rate in, MI?

Rental vacancy in, MI is elevated. Investors should budget normal turnover but not chronic empty units.

Community Ratings

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