In Monroe, a typical home is worth $282,400 and typical rent is $1,608 a month. Compared with all of Butler County, typical rent is 42% higher, typical household income is 29% higher, and the share of households that own their home is 11 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $265,975 to $353,511.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Monroe is in Butler 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 Butler County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Middletown, the typical home value is $164,400: 42% less than in Monroe ($282,400).
2
Nearby, in Franklin, the typical rent is $981: 39% less than in Monroe ($1,608).
3
The typical rent in Monroe is $1,608 a month, 42% more than in Butler County as a whole ($1,135).
4
The typical household income in Monroe is $105,250,29% more than in Butler County as a whole ($81,590).
5
81% of households in Monroe own their home, against 70% in Butler 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
Butler County
Ohio
United States
Kind of home: Monroe and its comparisons
Measure
Monroe
Butler County
Ohio
United States
Detached house
89%
72%
69%
61%
Attached house
4%
5%
5%
6%
Building of 2 to 4
Unreliable estimate
7%
8%
8%
Apartments (5 or more)
Unreliable estimate
13%
15%
19%
Mobile home
Unreliable estimate
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Monroe, 9 in 10 homes are single-family detached houses; in Butler County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Monroe
Butler County
Ohio
United States
Year built: Monroe and its comparisons
Measure
Monroe
Butler County
Ohio
United States
Before 1960
9%
26%
38%
26%
1960–1979
19%
26%
26%
24%
1980–1999
19%
26%
20%
25%
2000–2009
40%
14%
10%
14%
2010 or later
13%
8%
7%
11%
The typical home in Monroe was built in 2001, 22 years after the typical one in Butler County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K20%
$200K–$300K34%
$300K–$500K41%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Monroe and its comparisons
Measure
Monroe
Under $100K
Unreliable estimate
$100K–$200K
20%
$200K–$300K
34%
$300K–$500K
41%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49937%
$1,500–$1,99938%
$2,000–$2,49916%
$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
37%
$1,500–$1,999
38%
$2,000–$2,499
16%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,775 a month
Butler County: $1,665 a month
Without a mortgage
$591 a month
Butler County: $619 a month
Owners with a mortgage
74%
Butler County: 65%
Owning costs more in Monroe: with a mortgage, the typical cost is $1,775 a month; in Butler County, $1,665. Without one, $591.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Monroe+56%
Butler County+50%
Ohio+47%
United States+53%
Typical rent
Monroe+50%
Butler County+29%
Ohio+28%
United States+33%
Typical household income
Monroe+21%
Butler County+23%
Ohio+26%
United States+29%
Change since 2015–2019: Monroe and its comparisons
Measure
Monroe
Butler County
Ohio
United States
Typical home value
+56%
+50%
+47%
+53%
Typical rent
+50%
+29%
+28%
+33%
Typical household income
+21%
+23%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Monroe rose 56%; in Butler County, it rose 50%.
Rents in Monroe rose faster than in Butler County: 50% since 2015–2019, against 29%.
The typical household income in Monroe rose 21%: less than home values (+56%) and rent (+50%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Monroe and its comparisons
Measure
Monroe
Butler County
Ohio
United States
Rental vacancy
Unreliable estimate
4.5%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.8%
1.5%
3.4%
People per household
2.90
2.60
2.37
2.53
Drive alone
73%
75%
75%
69%
Carpool
9%
8%
8%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
17%
13%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Monroe has 2.90 people, more than in Butler County (2.60).
Working from home is more common in Monroe: 17%, against 13% in Butler County.
Do the math
What would you pay each month for a home in Monroe?
A typical home is within reach of the typical income
We start with a typical home in Monroe, worth $282,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Monroe, which is $105,250 a year.
The calculator's FHA and conventional loan limits are those of all of Butler 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 $9,884 (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
$2,420
at 7.18% · 30 years
Loan amount
$277,285
Total interest
$398,948
Paid off in
November 2056
Includes $4,769 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,456 a month
Your payment · 28%
Tight
$2,456 to $3,158 a month
Hard
more than $3,158 a month
Compared with the typical household income in Monroe ($105,250 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,878
Property tax
$299
Home insurance
$118
FHA mortgage insurance (MIP)
$125
You need at least $9,884 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 $2,420; principal and interest $1,878.
The city and its county
Monroe and Butler County
Monroe is in Butler County, Ohio. 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 Butler County, Ohio, with Monroe marked. Around it, the neighboring counties.
Monroe
Butler County
Other cities with a page
Monroe's own numbers
Typical home value
$282,400
Typical monthly rent
$1,608
Typical yearly household income
$105,250
Households that own their home
81%
Effective property tax rate
1.27%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Butler County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,442
Price change over 5 years (FHFA)
+59%
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 Butler County.
A typical home in Monroe is worth $282,400: 9% above the county and 31% above Ohio. With the typical household income in Monroe ($105,250 a year), a typical home costs 2.7 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.
Monroe2.7 years
Butler3.2 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Butler County
According to FHFA’s house price index, home prices in Butler County rose 104% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Butler County.
Yearly change in FHFA’s price index in Butler County, 2016 to 2025
2016: +3.6% +3.6% 2016
2017: +5.8% +5.8% 2017
2018: +6.2% +6.2% 2018
2019: +5.2% +5.2% 2019
2020: +4.4% +4.4% 2020
2021: +12.2% +12.2% 2021
2022: +15.8% +15.8% 2022
2023: +9.5% +9.5% 2023
2024: +6.5% +6.5% 2024
2025: +5.1% +5.1% 2025
Change in FHFA’s price index in Butler County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+5.1%
+4.8%
+2.9%
5 years (2020–2025)
+59%
+53%
+47%
10 years (2015–2025)
+104%
+93%
+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 Butler County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Monroe$282,400
Butler$258,500
Ohio$214,800
United States$332,700
Typical monthly rent
Monroe$1,608
Butler$1,135
Ohio$1,034
United States$1,413
Typical yearly household income
Monroe$105,250
Butler$81,590
Ohio$71,389
United States$80,734
See the full table
Monroe next to Butler County and Ohio
Measure
Monroe
Butler County
Ohio
U.S.
Typical home value
$282,400 ▲9% above the county
$258,500
$214,800
$332,700
Typical monthly rent
$1,608 ▲42% above the county
$1,135
$1,034
$1,413
Typical yearly household income
$105,250 ▲29% above the county
$81,590
$71,389
$80,734
Households that own their home
81% ▲11 points above the county
70%
67%
65%
Typical yearly property tax
$3,592 ▲14% above the county
$3,141
$2,822
$3,119
Effective property tax rate
1.27% ▲0.05 points above the county
1.22%
1.31%
0.94%
Renters with high rent for their income
57% ▲8 points above the county
48%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Butler 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 $282,400 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$2,420a month
Least cash to close
Down payment
$9,884
Cash to close
$18,356
Rate
7.18%
Mortgage insurance
FHA MIP · $125
Conventional, 5% down$2,368a month
Down payment
$14,120
Cash to close
$22,592
Rate
7.18%
Mortgage insurance
PMI · $134
Conventional, 20% down, no PMI$1,947a month
Down payment
$56,480
Cash to close
$64,952
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,208a month
Down payment
$42,360
Cash to close
$50,832
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
$2,420
$9,884
$277,285
7.18%
FHA MIP · $125
$18,356
580
Conventional, 5% down
$2,368
$14,120
$268,280
7.18%
PMI · $134
$22,592
620*
Conventional, 20% down, no PMI
$1,947
$56,480
$225,920
7.18%
None
$64,952
620*
ITIN, 15% down (example)
$2,208
$42,360
$240,040
8.18%
None
$50,832
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 $1,608 a month: 42% above 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 Butler County, by unit size. To pay the 2-bedroom one ($1,442 a month) without spending more than 30% of your income, you would need to earn $27.73 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 Butler County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,052
$20.23
$42,080
1 bedroom
$1,128
$21.69
$45,120
2 bedrooms
$1,442
$27.73
$57,680
3 bedrooms
$1,897
$36.48
$75,880
4 bedrooms
$2,141
$41.17
$85,640
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 $1,310 in 45044 to $1,950 in 45050.
1 of the 2 is above the fair market rent for Butler County ($1,442).
Fair market rent by ZIP code and size in Monroe, fiscal year 2027.
45044
$960
$1,030
$1,310
$1,720
$1,940
45050
$1,420
$1,530
$1,950
$2,570
$2,900
ZIP code2 bd3 bd
45044 $1,310$1,720
45050 $1,950$2,570
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 Butler County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Monroe or Butler County. The ones below are statewide in Ohio: they work in Monroe the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Monroe or Butler 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 Butler 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 $282,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Butler County it is $258,500.
How much does it cost to rent in Monroe?
Typical rent in Monroe is $1,608 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Butler County is $1,442.
What is the FHA loan limit in Monroe?
Monroe uses the FHA limit for all of Butler 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 $3,592 a year, according to the U.S. Census Bureau. That is 1.27% of the home’s value; in Butler County, the rate is 1.22%.
Where can I find free help to buy or rent in Monroe?
There are 2 HUD-approved counseling agencies with an office in Butler County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
