Why Live in South Monroe
South Monroe, located just outside the Monroe city limits, offers suburban living with the benefits of lower county taxes. The neighborhood features a mix of new subdivisions and historic homes, with larger yards and houses compared to the city. Housing styles range from mid-1900s ranch-style homes, bungalows, and Cape Cods to modern Craftsman homes and condos. The area includes Oakridge Estates, a large mobile home community with amenities like a clubhouse, swimming pool, and basketball court. South Monroe is within 2 miles of the city center, providing easy access to shopping, major employers, and schools. Monroe Middle School, rated highly, serves the neighborhood, while Custer Elementary and Monroe High School are also nearby. Father Cairns Park, recently renovated, offers paved walking trails, tennis and pickleball courts, and a playground. For entertainment, residents can visit Go Karts Plus or enjoy dining and activities along South Dixie Highway, including Mugsy's Sports Grille & Bar and Pin Seekers. The neighborhood is safer than the national average, making it a practical choice for families. Commuting is convenient with major employers like La-Z-Boy and ProMedica Monroe Regional Hospital within 3 miles, and onramps to Interstate 75 just 2 miles east, providing routes to Detroit and Toledo.
Frequently Asked Questions
What is the average home price in South Monroe, MI?
Homes for sale in South Monroe, MI have an average home price of $223,964.
Are home prices dropping in South Monroe?
Yes, home prices in South Monroe are down 9% in the last 12 months.
How many homes have sold over the last 12 months in South Monroe, MI?
37 homes have sold in South Monroe, MI over the last 12 months.
What are the most popular zip codes in South Monroe, MI?
How much do you need to make to afford a house in South Monroe?
The median home price in South Monroe is $199,900. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,040 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $45K a year to afford the median home price in South Monroe.
How are the schools in South Monroe, MI?
Home Trends in South Monroe, MI
On average, homes in South Monroe, MI sell after 34 days on the market compared to the national average of 50 days. The median sale price for homes in South Monroe, MI over the last 12 months is $195,000, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$195,000
Median Single Family Sale Price
$210,000
Median 2 Bedroom Sale Price
$184,000
Average Price Per Sq Ft
$159
Number of Homes for Sale
6
Last 12 months Home Sales
37
Median List Price
$199,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-13%
