City · 19,755 residents · Snohomish County, Washington
Monroe, Washington
In Monroe, a typical home is worth $668,400 and typical rent is $1,950 a month. Home values, rent and income are very close to those of all of Snohomish County.
Typical home value from Zillow, September 2021 to September 2026: from $610,076 to $706,582.
Typical rent
$2,382a month
▲ 4.3% more than 12 months ago
Typical rent from Zillow, March 2024 to September 2026: from $2,119 to $2,382.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Monroe is in Snohomish County. The FHA loan limit ($1,063,750 for a one-unit home), the fair market rents and the help on this page are those of all of Snohomish County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Sultan, the typical home value is $526,100: 21% less than in Monroe ($668,400).
2
Nearby, in Snohomish, the typical rent is $1,654: 15% less than in Monroe ($1,950).
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
Snohomish County
Washington
United States
Kind of home: Monroe and its comparisons
Measure
Monroe
Snohomish County
Washington
United States
Detached house
71%
64%
62%
61%
Attached house
8%
5%
4%
6%
Building of 2 to 4
5%
6%
6%
8%
Apartments (5 or more)
16%
21%
22%
19%
Mobile home
Unreliable estimate
5%
6%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses, standing on their own, make up 71% of homes here, against 64% in Snohomish County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Monroe
Snohomish County
Washington
United States
Year built: Monroe and its comparisons
Measure
Monroe
Snohomish County
Washington
United States
Before 1960
12%
12%
21%
26%
1960–1979
10%
23%
23%
24%
1980–1999
37%
33%
27%
25%
2000–2009
20%
18%
15%
14%
2010 or later
22%
15%
14%
11%
The typical home in Monroe was built in 1997, 7 years after the typical one in Snohomish County.
There is more room for a big family here: 76% of homes have 3 bedrooms or more, against 66% in Snohomish 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–$500K18%
$500K–$750K44%
$750K–$1M25%
$1M or more10%
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
18%
$500K–$750K
44%
$750K–$1M
25%
$1M or more
10%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49919%
$1,500–$1,99926%
$2,000–$2,49924%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Monroe and its comparisons
Measure
Monroe
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
19%
$1,500–$1,999
26%
$2,000–$2,499
24%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,601 a month
Snohomish County: $2,748 a month
Without a mortgage
$769 a month
Snohomish County: $864 a month
Owners with a mortgage
78%
Snohomish County: 72%
In Monroe, 78% of owners have a mortgage, and their typical cost is $2,601 a month, against $2,748 in Snohomish County. Without one it drops to $769.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Monroe+87%
Snohomish County+73%
Washington+67%
United States+53%
Typical rent
Monroe+40%
Snohomish County+36%
Washington+40%
United States+33%
Typical household income
Monroe+29%
Snohomish County+28%
Washington+33%
United States+29%
Change since 2015–2019: Monroe and its comparisons
Measure
Monroe
Snohomish County
Washington
United States
Typical home value
+87%
+73%
+67%
+53%
Typical rent
+40%
+36%
+40%
+33%
Typical household income
+29%
+28%
+33%
+29%
From 2015–2019 to 2020–2024, the typical home value in Monroe rose 87%; in Snohomish County, it rose 73%.
The typical rent in Monroe rose 40% over the same time; in Snohomish County, it rose 36%.
The typical household income in Monroe rose 29%: less than home values (+87%) and rent (+40%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Monroe and its comparisons
Measure
Monroe
Snohomish County
Washington
United States
Rental vacancy
Unreliable estimate
4.0%
4.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.5%
0.7%
0.9%
More than one person per room
Unreliable estimate
3.7%
3.5%
3.4%
People per household
2.75
2.64
2.50
2.53
Drive alone
68%
65%
63%
69%
Carpool
8%
9%
9%
9%
Public transit
Unreliable estimate
3%
3%
3%
Walk or bike
2%
2%
4%
3%
Work from home
20%
20%
20%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Snohomish County, a household in Monroe has 2.75 people on average.
The car rules in Monroe: 68% of workers drive to work alone, and the typical trip takes 30 to 39 minutes.
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 $668,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 59% of the typical household income in Monroe, which is $110,461 a year. For that payment to be 28% of income, a household would need to earn about $231,379 a year.
The calculator's FHA and conventional loan limits are those of all of Snohomish 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 $23,394 (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
$5,399
at 7.18% · 30 years
Loan amount
$656,294
Total interest
$944,253
Paid off in
November 2056
Includes $11,288 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,577 a month
Tight
$2,577 to $3,314 a month
Hard
more than $3,314 a month
Your payment · 59%
Compared with the typical household income in Monroe ($110,461 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$4,446
Property tax
$379
Home insurance
$279
FHA mortgage insurance (MIP)
$296
You need at least $23,394 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 $5,399; principal and interest $4,446.
The city and its county
Monroe and Snohomish County
Monroe is in Snohomish County, Washington. 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 Snohomish County, Washington, with Monroe marked. Around it, the neighboring counties.
Monroe
Snohomish County
Other cities with a page
Monroe's own numbers
Typical home value
$668,400
Typical monthly rent
$1,950
Typical yearly household income
$110,461
Households that own their home
71%
Effective property tax rate
0.68%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Snohomish County
FHA limit, one-unit home
$1,063,750
Conventional limit, one unit
$1,063,750
HUD fair market rent, 2 bedrooms
$2,549
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
1.9%
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 Snohomish County.
A typical home in Monroe is worth $668,400: 4% below the county and 18% above Washington. With the typical household income in Monroe ($110,461 a year), a typical home costs 6.1 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.
Monroe6.1 years
Snohomish6.3 years
Washington5.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Snohomish County
According to FHFA’s house price index, home prices in Snohomish County rose 128% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Snohomish County.
Yearly change in FHFA’s price index in Snohomish County, 2016 to 2025
2016: +11.6% +11.6% 2016
2017: +12.2% +12.2% 2017
2018: +10.1% +10.1% 2018
2019: +4.4% +4.4% 2019
2020: +5.0% +5.0% 2020
2021: +16.2% +16.2% 2021
2022: +18.1% +18.1% 2022
2023: +1.9% +1.9% 2023
2024: +6.5% +6.5% 2024
2025: +1.3% +1.3% 2025
Change in FHFA’s price index in Snohomish County, Washington and the United States
Period
County
Washington
U.S.
Last year (2025)
+1.3%
+1.8%
+2.9%
5 years (2020–2025)
+51%
+44%
+47%
10 years (2015–2025)
+128%
+113%
+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 Snohomish County, Washington and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Monroe$668,400
Snohomish$696,000
Washington$564,600
United States$332,700
Typical monthly rent
Monroe$1,950
Snohomish$1,949
Washington$1,760
United States$1,413
Typical yearly household income
Monroe$110,461
Snohomish$111,246
Washington$98,141
United States$80,734
See the full table
Monroe next to Snohomish County and Washington
Measure
Monroe
Snohomish County
Washington
U.S.
Typical home value
$668,400 ▼4% below the county
$696,000
$564,600
$332,700
Typical monthly rent
$1,950
$1,949
$1,760
$1,413
Typical yearly household income
$110,461
$111,246
$98,141
$80,734
Households that own their home
71% ▲3 points above the county
68%
64%
65%
Typical yearly property tax
$4,547 ▼15% below the county
$5,364
$4,556
$3,119
Effective property tax rate
0.68% ▼0.09 points below the county
0.77%
0.81%
0.94%
Renters with high rent for their income
50% ▼3 points below the county
54%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Snohomish 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 $668,400 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$5,399a month
Least cash to close
Down payment
$23,394
Cash to close
$43,446
Rate
7.18%
Mortgage insurance
FHA MIP · $296
Conventional, 5% down$5,276a month
Down payment
$33,420
Cash to close
$53,472
Rate
7.18%
Mortgage insurance
PMI · $317
Conventional, 20% down, no PMI$4,280a month
Down payment
$133,680
Cash to close
$153,732
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,898a month
Down payment
$100,260
Cash to close
$120,312
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
$5,399
$23,394
$656,294
7.18%
FHA MIP · $296
$43,446
580
Conventional, 5% down
$5,276
$33,420
$634,980
7.18%
PMI · $317
$53,472
620*
Conventional, 20% down, no PMI
$4,280
$133,680
$534,720
7.18%
None
$153,732
620*
ITIN, 15% down (example)
$4,898
$100,260
$568,140
8.18%
None
$120,312
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 $1,950 a month: about the same as the county. In Monroe, 50% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Snohomish County, by unit size. To pay the 2-bedroom one ($2,549 a month) without spending more than 30% of your income, you would need to earn $49.02 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 Snohomish County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$2,091
$40.21
$83,640
1 bedroom
$2,180
$41.92
$87,200
2 bedrooms
$2,549
$49.02
$101,960
3 bedrooms
$3,324
$63.92
$132,960
4 bedrooms
$3,954
$76.04
$158,160
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 98272.
For 2 bedrooms it is $2,400: $149 less than the fair market rent for Snohomish County ($2,549).
Fair market rent by ZIP code and size in Monroe, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
98272
$1,970
$2,050
$2,400
$3,130
$3,720
ZIP code2 bd3 bd
98272 $2,400$3,130
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 is 1 HUD-approved agency with an office in Snohomish County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Monroe or Snohomish County. The ones below are statewide in Washington: they work in Monroe the same as in the rest of the state.
Washington state commission 0% second mortgage for 3%, 4% or 5% of the first mortgage, with no monthly payments; you do not need to be a first-time buyer.Offered by Washington State Housing Finance Commission.
Washington state commission loan with no monthly payments of up to 20% of the price (maximum $150,000) plus closing costs, for first-time buyers whose family lived in Washington before 1968 and belonged to a group affected by housing discrimination, including Hispanic people.Offered by Washington State Housing Finance Commission.
Washington state commission loan of up to $15,000 at 1% simple interest, with no monthly payments, for the down payment and closing costs of first-time buyers with the House Key Opportunity mortgage.Offered by Washington State Housing Finance Commission.
No legal help resource on our list is for Monroe or Snohomish 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 Snohomish 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 $668,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Snohomish County it is $696,000.
How much does it cost to rent in Monroe?
Typical rent in Monroe is $1,950 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Snohomish County is $2,549.
What is the FHA loan limit in Monroe?
Monroe uses the FHA limit for all of Snohomish County (2026): $1,063,750 for a one-unit home and $2,045,700 for a four-unit home.
How much property tax do owners pay in Monroe?
The typical homeowner in Monroe pays $4,547 a year, according to the U.S. Census Bureau. That is 0.68% of the home’s value; in Snohomish County, the rate is 0.77%.
Where can I find free help to buy or rent in Monroe?
There is 1 HUD-approved counseling agency with an office in Snohomish County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
