In Monroe, a typical home is worth $427,800 and typical rent is $2,202 a month. Compared with all of Orange County, typical rent is 31% higher, typical household income is 13% higher, and the share of households that own their home is 13 points higher.
Typical home value from Zillow, March 2024 to September 2026: from $509,196 to $524,410.
Typical rent
$2,905a month
▲ 5.3% more than 12 months ago
Typical rent from Zillow, December 2024 to September 2026: from $2,816 to $2,905.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Monroe is in Orange County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Orange County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Washingtonville, the typical rent is $1,351: 39% less than in Monroe ($2,202).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Monroe barely changed; in New York, it rose 5.6%.
3
The typical rent in Monroe is $2,202 a month, 31% more than in Orange County as a whole ($1,680).
4
81% of households in Monroe own their home, against 68% in Orange County.
5
Monroe has the 18th smallest share of rent-burdened renters of the 300 cities in New York with more than 5,000 people (37%).
6
Nearby, in Washingtonville, the typical home value is $355,700: 17% less than in Monroe ($427,800).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
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
Orange County
New York
United States
Kind of home: Monroe and its comparisons
Measure
Monroe
Orange County
New York
United States
Detached house
74%
61%
41%
61%
Attached house
12%
8%
6%
6%
Building of 2 to 4
6%
12%
17%
8%
Apartments (5 or more)
Unreliable estimate
18%
35%
19%
Mobile home
Unreliable estimate
2%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Monroe, 7 in 10 homes are single-family detached houses; in Orange County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Monroe
Orange County
New York
United States
Year built: Monroe and its comparisons
Measure
Monroe
Orange County
New York
United States
Before 1960
27%
35%
52%
26%
1960–1979
23%
21%
22%
24%
1980–1999
37%
23%
14%
25%
2000–2009
Unreliable estimate
12%
6%
14%
2010 or later
8%
9%
6%
11%
The typical home in Monroe was built in 1980, 5 years after the typical one in Orange County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K65%
$500K–$750K16%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Monroe and its comparisons
Measure
Monroe
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
65%
$500K–$750K
16%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Monroe and its comparisons
Measure
Monroe
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$3,147 a month
Orange County: $2,664 a month
Without a mortgage
$1,353 a month
Orange County: $1,140 a month
Owners with a mortgage
73%
Orange County: 67%
Owning costs more in Monroe: with a mortgage, the typical cost is $3,147 a month; in Orange County, $2,664. Without one, $1,353.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Monroe+32%
Orange County+43%
New York+35%
United States+53%
Typical rent
Monroe+35%
Orange County+33%
New York+27%
United States+33%
Typical household income
MonroeNo clear change
Orange County+22%
New York+26%
United States+29%
Change since 2015–2019: Monroe and its comparisons
Measure
Monroe
Orange County
New York
United States
Typical home value
+32%
+43%
+35%
+53%
Typical rent
+35%
+33%
+27%
+33%
Typical household income
No clear change
+22%
+26%
+29%
The typical home value in Monroe rose 32% since 2015–2019, less than in Orange County (43%).
The typical rent in Monroe rose 35% since 2015–2019, about the same as in Orange County (33%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Monroe and its comparisons
Measure
Monroe
Orange County
New York
United States
Rental vacancy
Unreliable estimate
3.8%
3.8%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
1.1%
0.9%
More than one person per room
Unreliable estimate
3.7%
5.3%
3.4%
People per household
3.33
2.84
2.49
2.53
Drive alone
66%
67%
49%
69%
Carpool
18%
10%
6%
9%
Public transit
Unreliable estimate
5%
22%
3%
Walk or bike
Unreliable estimate
4%
6%
3%
Work from home
8%
13%
15%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Monroe are bigger: 3.33 people on average; in Orange County, 2.84.
In Monroe, 18% of workers share a car to get to work; in Orange County, 10%.
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 $427,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Monroe, which is $109,851 a year. For that payment to be 28% of income, a household would need to earn about $173,453 a year.
The calculator's FHA and conventional loan limits are those of all of Orange 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 $14,973 (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
$4,047
at 7.18% · 30 years
Loan amount
$420,051
Total interest
$604,356
Paid off in
November 2056
Includes $7,224 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,563 a month
Tight
$2,563 to $3,296 a month
Hard
more than $3,296 a month
Your payment · 44%
Compared with the typical household income in Monroe ($109,851 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,846
Property tax
$834
Home insurance
$178
FHA mortgage insurance (MIP)
$189
You need at least $14,973 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 $4,047; principal and interest $2,846.
The city and its county
Monroe and Orange County
Monroe is in Orange County, New York. 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 Orange County, New York, with Monroe marked. Around it, the neighboring counties.
Monroe
Orange County
Other cities with a page
Monroe's own numbers
Typical home value
$427,800
Typical monthly rent
$2,202
Typical yearly household income
$109,851
Households that own their home
81%
Effective property tax rate
2.34%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Orange County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,131
Price change over 5 years (FHFA)
+62%
Homes in a high flood-risk zone
1.8%
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 Orange County.
A typical home in Monroe is worth $427,800: 10% above the county and about the same as New York. With the typical household income in Monroe ($109,851 a year), a typical home costs 3.9 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.
Monroe3.9 years
Orange4.0 years
New York4.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Orange County
According to FHFA’s house price index, home prices in Orange County rose 101% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Orange County.
Yearly change in FHFA’s price index in Orange County, 2016 to 2025
2016: +0.8% +0.8% 2016
2017: +4.0% +4.0% 2017
2018: +7.1% +7.1% 2018
2019: +5.4% +5.4% 2019
2020: +4.9% +4.9% 2020
2021: +14.4% +14.4% 2021
2022: +16.7% +16.7% 2022
2023: +8.1% +8.1% 2023
2024: +5.7% +5.7% 2024
2025: +6.2% +6.2% 2025
Change in FHFA’s price index in Orange County, New York and the United States
Period
County
New York
U.S.
Last year (2025)
+6.2%
+6.0%
+2.9%
5 years (2020–2025)
+62%
+52%
+47%
10 years (2015–2025)
+101%
+86%
+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 Orange County, New York and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Monroe$427,800
Orange$387,900
New York$423,800
United States$332,700
Typical monthly rent
Monroe$2,202
Orange$1,680
New York$1,621
United States$1,413
Typical yearly household income
Monroe$109,851
Orange$97,178
New York$85,974
United States$80,734
See the full table
Monroe next to Orange County and New York
Measure
Monroe
Orange County
New York
U.S.
Typical home value
$427,800 ▲10% above the county
$387,900
$423,800
$332,700
Typical monthly rent
$2,202 ▲31% above the county
$1,680
$1,621
$1,413
Typical yearly household income
$109,851 ▲13% above the county
$97,178
$85,974
$80,734
Households that own their home
81% ▲13 points above the county
68%
54%
65%
Typical yearly property tax
$10,001 ▲18% above the county
$8,494
$6,582
$3,119
Effective property tax rate
2.34% ▲0.15 points above the county
2.19%
1.55%
0.94%
Renters with high rent for their income
37% ▼20 points below the county
57%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Orange 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 $427,800 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$4,047a month
Least cash to close
Down payment
$14,973
Cash to close
$27,807
Rate
7.18%
Mortgage insurance
FHA MIP · $189
Conventional, 5% down$3,969a month
Down payment
$21,390
Cash to close
$34,224
Rate
7.18%
Mortgage insurance
PMI · $203
Conventional, 20% down, no PMI$3,331a month
Down payment
$85,560
Cash to close
$98,394
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,726a month
Down payment
$64,170
Cash to close
$77,004
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
$4,047
$14,973
$420,051
7.18%
FHA MIP · $189
$27,807
580
Conventional, 5% down
$3,969
$21,390
$406,410
7.18%
PMI · $203
$34,224
620*
Conventional, 20% down, no PMI
$3,331
$85,560
$342,240
7.18%
None
$98,394
620*
ITIN, 15% down (example)
$3,726
$64,170
$363,630
8.18%
None
$77,004
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 $2,202 a month: 31% above the county. In Monroe, 37% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Orange County, by unit size. To pay the 2-bedroom one ($2,131 a month) without spending more than 30% of your income, you would need to earn $40.98 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 Orange County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,484
$28.54
$59,360
1 bedroom
$1,659
$31.90
$66,360
2 bedrooms
$2,131
$40.98
$85,240
3 bedrooms
$2,685
$51.63
$107,400
4 bedrooms
$2,824
$54.31
$112,960
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 is in ZIP code 10950.
For 2 bedrooms it is $2,260: $129 more than the fair market rent for Orange County ($2,131).
Fair market rent by ZIP code and size in Monroe, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
10950
$1,570
$1,760
$2,260
$2,850
$2,990
ZIP code2 bd3 bd
10950 $2,260$2,850
1 of these ZIP codes crosses 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)
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.
There are 2 HUD-approved agencies with an office in Orange County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Monroe or Orange County. The ones below are statewide in New York: they work in Monroe the same as in the rest of the state.
SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York.Offered by State of New York Mortgage Agency (SONYMA).
SONYMA mortgage at a very low fixed rate for low-income first-time buyers in New York, with a minimal down payment.Offered by State of New York Mortgage Agency (SONYMA).
No legal help resource on our list is for Monroe or Orange 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 Orange 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 $427,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Orange County it is $387,900.
How much does it cost to rent in Monroe?
Typical rent in Monroe is $2,202 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Orange County is $2,131.
What is the FHA loan limit in Monroe?
Monroe uses the FHA limit for all of Orange County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Monroe?
The typical homeowner in Monroe pays $10,001 a year, according to the U.S. Census Bureau. That is 2.34% of the home’s value; in Orange County, the rate is 2.19%.
Where can I find free help to buy or rent in Monroe?
There are 2 HUD-approved counseling agencies with an office in Orange County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
