Housing affordability · NY · 2024
Monroe Housing Affordability
36th most affordable of 62 New York counties · price-to-income ratio
Monroe at a glance
Monroe is among the more accessible housing markets in New York on both ownership and rental measures — home prices relative to income sit below the state median at 2.8×, and renters face a lower-than-average cost burden.
At Monroe's median household income of $76,382, a renter paying the median monthly rent of $1,173 would commit 18% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
For owner-occupied households, 15% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Monroe FAQ
What is the median home price in Monroe?
The median home value in Monroe, NY is $213,700 (2024 ACS 5-year estimate). This is 50% below the New York state median of $423,800.
Is Monroe an affordable place to buy a home?
Monroe is rated Affordable on the USInsights affordability scale. The price-to-income ratio is 2.8×, meaning the median home costs roughly 2.8 years of median household income ($76,382). Under 3.5× is generally considered affordable.
What is the average rent in Monroe?
The median gross rent in Monroe is $1,173 per month (2024 ACS 5-year estimate). 49% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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