In Monroe, a typical home is worth $259,300 and typical rent is $1,105 a month. Compared with all of Walton County, typical household income is 47% lower, the typical home value is 24% lower, and the share of households that own their home is 37 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $292,802 to $374,249.
Typical rent
$1,777a month
▲ 2.6% more than 12 months ago
Typical rent from Zillow, March 2023 to September 2026: from $1,513 to $1,777.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Monroe is in Walton County. The FHA loan limit ($718,750 for a one-unit home), the fair market rents and the help on this page are those of all of Walton County. See the county
What this place has that others do not, from public data, most unusual first.
1
42% of households in Monroe own their home, against 79% in Walton County.
2
The typical household income in Monroe is $44,656,47% less than in Walton County as a whole ($84,945).
3
The typical home in Monroe is worth $259,300,24% less than in Walton County as a whole ($339,500).
4
13% of households in Monroe have no internet at home (7% in Walton County).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Monroe
What homes there are in Monroe, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Monroe
Walton County
Georgia
United States
Kind of home: Monroe and its comparisons
Measure
Monroe
Walton County
Georgia
United States
Detached house
60%
86%
66%
61%
Attached house
Unreliable estimate
1%
4%
6%
Building of 2 to 4
22%
4%
5%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
16%
19%
Mobile home
Unreliable estimate
6%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Monroe, 6 in 10 homes are single-family detached houses; in Walton County, 9.
Year built
Before 19601960–19791980–19992000–20092010 or later
Monroe
Walton County
Georgia
United States
Year built: Monroe and its comparisons
Measure
Monroe
Walton County
Georgia
United States
Before 1960
27%
8%
12%
26%
1960–1979
24%
15%
20%
24%
1980–1999
27%
35%
33%
25%
2000–2009
12%
29%
21%
14%
2010 or later
9%
14%
14%
11%
The typical home in Monroe was built in 1979, 18 years before the typical one in Walton County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K28%
$200K–$300K19%
$300K–$500K35%
$500K–$750K8%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Monroe and its comparisons
Measure
Monroe
Under $100K
Unreliable estimate
$100K–$200K
28%
$200K–$300K
19%
$300K–$500K
35%
$500K–$750K
8%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50011%
$500–$99930%
$1,000–$1,49940%
$1,500–$1,99915%
HUD fair market rent, 2 bedrooms: $1,762
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Monroe and its comparisons
Measure
Monroe
Under $500
11%
$500–$999
30%
$1,000–$1,499
40%
$1,500–$1,999
15%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
About 88% of rented homes in Monroe cost less than HUD's 2-bedroom fair market rent for Walton County ($1,762).
With a mortgage
$1,746 a month
Walton County: $1,882 a month
Without a mortgage
$471 a month
Walton County: $513 a month
Owners with a mortgage
63%
Walton County: 66%
The typical cost for an owner with a mortgage in Monroe is $1,746 a month, less than in Walton County ($1,882); without one, $471.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Monroe+104%
Walton County+78%
Georgia+72%
United States+53%
Typical rent
Monroe+21%
Walton County+18%
Georgia+39%
United States+33%
Typical household income
Monroe+41%
Walton County+38%
Georgia+32%
United States+29%
Change since 2015–2019: Monroe and its comparisons
Measure
Monroe
Walton County
Georgia
United States
Typical home value
+104%
+78%
+72%
+53%
Typical rent
+21%
+18%
+39%
+33%
Typical household income
+41%
+38%
+32%
+29%
Since 2015–2019, homes in Monroe gained value faster than in Walton County: 104% against 78%.
Rents in Monroe rose faster than in Walton County: 21% since 2015–2019, against 18%.
The typical household income in Monroe rose 41% over that time; home values changed +104% and rent +21%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Monroe and its comparisons
Measure
Monroe
Walton County
Georgia
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
2.8%
2.4%
3.4%
People per household
2.91
2.86
2.62
2.53
Drive alone
74%
76%
71%
69%
Carpool
10%
8%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
Unreliable estimate
13%
16%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
A household in Monroe has 2.91 people on average, about the same as in Walton County (2.86).
To get to work, 74% of workers in Monroe drive alone; in Walton County, 76%.
Do the math
What would you pay each month for a home in Monroe?
A typical home costs more than the typical income allows
We start with a typical home in Monroe, worth $259,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 57% of the typical household income in Monroe, which is $44,656 a year. For that payment to be 28% of income, a household would need to earn about $91,614 a year.
The calculator's FHA and conventional loan limits are those of all of Walton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Monroe. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $9,076 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,138
at 7.18% · 30 years
Loan amount
$254,603
Total interest
$366,314
Paid off in
November 2056
Includes $4,379 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,042 a month
Tight
$1,042 to $1,340 a month
Hard
more than $1,340 a month
Your payment · 57%
Compared with the typical household income in Monroe ($44,656 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,725
Property tax
$190
Home insurance
$108
FHA mortgage insurance (MIP)
$115
You need at least $9,076 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,138; principal and interest $1,725.
The city and its county
Monroe and Walton County
Monroe is in Walton County, Georgia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Monroe
Map of Walton County, Georgia, with Monroe marked. Around it, the neighboring counties.
Monroe
Walton County
Other cities with a page
Monroe's own numbers
Typical home value
$259,300
Typical monthly rent
$1,105
Typical yearly household income
$44,656
Households that own their home
42%
Effective property tax rate
0.88%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Walton County
FHA limit, one-unit home
$718,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,762
Price change over 5 years (FHFA)
+67%
Homes in a high flood-risk zone
1.4%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Walton County.
A typical home in Monroe is worth $259,300: 24% below the county and 15% below Georgia. With the typical household income in Monroe ($44,656 a year), a typical home costs 5.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Monroe5.8 years
Walton4.0 years
Georgia3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Walton County
According to FHFA’s house price index, home prices in Walton County rose 137% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Walton County.
Yearly change in FHFA’s price index in Walton County, 2016 to 2025
2016: +8.4% +8.4% 2016
2017: +6.1% +6.1% 2017
2018: +9.1% +9.1% 2018
2019: +6.2% +6.2% 2019
2020: +6.4% +6.4% 2020
2021: +15.1% +15.1% 2021
2022: +23.7% +23.7% 2022
2023: +8.6% +8.6% 2023
2024: +6.0% +6.0% 2024
2025: +1.9% +1.9% 2025
Change in FHFA’s price index in Walton County, Georgia and the United States
Period
County
Georgia
U.S.
Last year (2025)
+1.9%
+2.2%
+2.9%
5 years (2020–2025)
+67%
+58%
+47%
10 years (2015–2025)
+137%
+110%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Monroe next to Walton County, Georgia and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Monroe$259,300
Walton$339,500
Georgia$303,300
United States$332,700
Typical monthly rent
Monroe$1,105
Walton$1,175
Georgia$1,393
United States$1,413
Typical yearly household income
Monroe$44,656
Walton$84,945
Georgia$77,353
United States$80,734
See the full table
Monroe next to Walton County and Georgia
Measure
Monroe
Walton County
Georgia
U.S.
Typical home value
$259,300 ▼24% below the county
$339,500
$303,300
$332,700
Typical monthly rent
$1,105 ▼6% below the county
$1,175
$1,393
$1,413
Typical yearly household income
$44,656 ▼47% below the county
$84,945
$77,353
$80,734
Households that own their home
42% ▼37 points below the county
79%
66%
65%
Typical yearly property tax
$2,282 ▼11% below the county
$2,563
$2,341
$3,119
Effective property tax rate
0.88% ▲0.13 points above the county
0.75%
0.77%
0.94%
Renters with high rent for their income
57% ▲5 points above the county
52%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Walton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Monroe
For a typical $259,300 home in Monroe, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Monroe's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,138a month
Least cash to close
Down payment
$9,076
Cash to close
$16,855
Rate
7.18%
Mortgage insurance
FHA MIP · $115
Conventional, 5% down$2,090a month
Down payment
$12,965
Cash to close
$20,744
Rate
7.18%
Mortgage insurance
PMI · $123
Conventional, 20% down, no PMI$1,703a month
Down payment
$51,860
Cash to close
$59,639
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,943a month
Down payment
$38,895
Cash to close
$46,674
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Monroe
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,138
$9,076
$254,603
7.18%
FHA MIP · $115
$16,855
580
Conventional, 5% down
$2,090
$12,965
$246,335
7.18%
PMI · $123
$20,744
620*
Conventional, 20% down, no PMI
$1,703
$51,860
$207,440
7.18%
None
$59,639
620*
ITIN, 15% down (example)
$1,943
$38,895
$220,405
8.18%
None
$46,674
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Monroe is $1,105 a month: 6% below the county. In Monroe, 57% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Walton County, by unit size. To pay the 2-bedroom one ($1,762 a month) without spending more than 30% of your income, you would need to earn $33.88 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Walton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,554
$29.88
$62,160
1 bedroom
$1,619
$31.13
$64,760
2 bedrooms
$1,762
$33.88
$70,480
3 bedrooms
$2,099
$40.37
$83,960
4 bedrooms
$2,493
$47.94
$99,720
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Monroe
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Monroe has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,240 in 30655 to $1,370 in 30656.
None is above the fair market rent for Walton County ($1,762).
Fair market rent by ZIP code and size in Monroe, fiscal year 2027.
30655
$1,090
$1,140
$1,240
$1,480
$1,750
30656
$1,210
$1,260
$1,370
$1,630
$1,940
ZIP code2 bd3 bd
30655 $1,240$1,480
30656 $1,370$1,630
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Monroe when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 7 buildings with rents for lower incomes in Monroe. These are the largest.
Magnolia Terrace809A Stowers Dr, Monroe 30655200 low-income homes · Run by Housing Authority of the City of Monroe · Average payment: $438 a month · Average wait: 19 months(770) 267-6591
Ashton Pointe Apartments II550 Plaza Dr, Monroe 3065556 low-income homes · 1 bd: 8 · 2 bd: 24 · 3 bd: 24 · In service since 1999
Camptowne Gardens Apartments334 Towler St, Monroe 3065550 low-income homes · For families(770) 267-8822
Ashton Pointe429 Plaza Dr, Monroe 3065548 low-income homes · 1 bd: 10 · 2 bd: 19 · 3 bd: 19 · In service since 1999
Walton Village210 Baker St, Monroe 3065548 low-income homes · For older adults(770) 267-9588
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Walton County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Monroe or Walton County. The ones below are statewide in Georgia: they work in Monroe the same as in the rest of the state.
Georgia state program for first-time buyers: a mortgage with down payment assistance of up to 5% of the price or $10,000, as a 0% second mortgage with no monthly payments.Offered by Georgia Department of Community Affairs.
FHA or VA mortgage from the Georgia Dream program with down payment assistance of 3.5% of the price (up to $10,000), or 4% (up to $12,500) for police officers, educators, health care workers, military members or families with a person with a disability; no first-time buyer requirement.Offered by Georgia Department of Community Affairs.
No legal help resource on our list is for Monroe or Walton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Monroe and all of Walton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Monroe?
The typical home value in Monroe is $259,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Walton County it is $339,500.
How much does it cost to rent in Monroe?
Typical rent in Monroe is $1,105 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Walton County is $1,762.
What is the FHA loan limit in Monroe?
Monroe uses the FHA limit for all of Walton County (2026): $718,750 for a one-unit home and $1,382,250 for a four-unit home.
How much property tax do owners pay in Monroe?
The typical homeowner in Monroe pays $2,282 a year, according to the U.S. Census Bureau. That is 0.88% of the home’s value; in Walton County, the rate is 0.75%.
Where can I find free help to buy or rent in Monroe?
We found no HUD-approved counseling agencies with an office in Walton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
