Monroe
Solid value in a growing area
2 homes for sale·Median $170K·Walkability 0.5/10·Schools 4.4/10
The road north out of town runs straight through farmland and timber before the landscape opens into the kind of space that makes sense only after you've lived somewhere cramped. Monroe is mostly rural—22,990 acres of it—which means you're looking at genuine distance between things, the sort of place where quiet roads and actual land take priority over convenience. It's an hour and a half from downtown Grand Rapids if you need that, but the trade-off is obvious: acreage, quiet roads, the ability to actually see what you own. Homes run in the low-to-mid $300Ks, which in this part of Newaygo County buys you something with actual land attached. There's no pretense here, no boutique coffee shops or Instagram angles—just the practical reality of rural Michigan, the kind of place people move to when they've decided they'd rather have woods and space than walkable downtown bars.
Why people love it here
$53K median household income
- $170K median · 3 sales in last 12mo
Conventional Mortgage Calculator
Median home price in Monroe
Estimated Monthly Payment
$1,153/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
3 homes sold in Monroe this year. Thinking of selling?
See what your home is worthBased on 5 rated schools nearby
Range: 3/10 to 6/10
School District: White Cloud Public Schools
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Berger Pond
Birchgrove Trail
To buy a median-priced Monroe home (around $169,900) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $28k/year in household income to qualify — an estimated monthly payment of $1,041 (principal, interest, property tax, and insurance).
The typical Monroe household earns $53,125 — above what the median home requires. At that income, a buyer can afford roughly $346,000 with 20% down.
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,041/mo | $27,749 |
| 10% (+PMI) | $1,212/mo | $32,309 |
| 5% (+PMI) | $1,269/mo | $33,834 |
Estimates use a 6.49% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price and median property taxes, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
5 parcels
Active / pending
Typical Land Value
$5K/acre
Median asking
Median Price
$189K
Per listing
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$945/yr in electricity from a typical rooftop solar system
Produces ~6,354 kWh/yr · offsets ~61% of a typical home's use
Private well
Rural township; individual private wells
Septic - individual
No municipal sewer; individual septic
Resident-arranged private hauler (Republic Services)
No municipal collection; residents contract haulers
Great Lakes Energy Coop · ~14.9¢/kWh
Coop serves rural Newaygo; Consumers Energy in pockets
Confirm by addressNo piped natural gas (propane/LP)
Deep-rural; typically propane
Confirm by addressArea fire department (via Newaygo County 911)
Rural fire coverage dispatched through county
Source: monroemitwp.com
Utility, solar, and service details for Monroe are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
Median Income
$53K
Home Value (Census)
$123K
Flood Risk
None
Not in flood zone
Nearest Park
Diamond Lake County Park
5.5 mi
Parks Nearby
0
within 1 mile
🍕 Restaurants(1)
Restaurant
Frequently asked about Monroe
- What do homes cost in Monroe?
- The median home value in Monroe is about $169,900. Individual prices vary by street, size, and condition.
- How active is the Monroe housing market?
- there are 2 homes for sale in Monroe right now, and 3 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Monroe?
- Monroe is served by White Cloud Public Schools. Its highest-rated assigned school is Big Rapids High School (6/10).
- Is Monroe walkable?
- Monroe scores 0.5/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in Monroe
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