Rental numbers for Monroe County, MI
The typical home here runs -$913 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.8%.
- Gross yield
- 5.8%
- typical home, Zillow
- Median ZIP yield
- 6.8%
- 3 ZIPs with full data
- Cash flow
- -$913/mo
- at 7.78%, 25% down
- Typical price
- $273,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,331/mo
- Zillow ZORI, Aug 2026
ZIP codes in Monroe County
15 with published figures
| 48166Newport | $206,000 | $1,480* | 8.6% | 4.7% | -$306 | n/a |
| 48182Temperance | $303,000 | $2,026 | 8.0% | 4.5% | -$496 | n/a |
| 48157Luna Pier | $195,000 | $1,260* | 7.8% | 4.0% | -$396 | n/a |
| 48161Monroe | $206,000 | $1,160 | 6.8% | 3.0% | -$603 | +8.6% |
| 48179South Rockwood | $321,000 | $1,680* | 6.3% | 3.0% | -$931 | n/a |
| 48145La Salle | $283,000 | $1,430* | 6.1% | 2.9% | -$844 | n/a |
| 48131Dundee | $299,000 | $1,480* | 5.9% | 2.5% | -$979 | n/a |
| 48162Monroe | $241,000 | $1,164 | 5.8% | 2.2% | -$853 | n/a |
| 48133Erie | $259,000 | $1,160* | 5.4% | 2.1% | -$949 | n/a |
| 48144Lambertville | $314,000 | $1,360* | 5.2% | 2.1% | -$1,148 | n/a |
| 48159Maybee | $296,000 | $1,280* | 5.2% | 2.0% | -$1,111 | n/a |
| 48140Ida | $331,000 | $1,350* | 4.9% | 2.1% | -$1,217 | n/a |
| 49270Petersburg | $322,000 | $1,310* | 4.9% | 1.9% | -$1,214 | n/a |
| 49267Ottawa Lake | $339,000 | $1,370* | 4.8% | 1.8% | -$1,330 | n/a |
| 48117Carleton | $340,000 | $1,340* | 4.7% | 1.8% | -$1,329 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +6.3%
- Rent, 12 months
- +5.5%
- Rent minus price growth
- -0.9 pts
- Property tax
- 1.16%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $216,196 | $1,063 |
| Aug 2022 | $233,473 | $1,176 |
| Aug 2023 | $238,592 | $1,200 |
| Aug 2024 | $247,644 | $1,260 |
| Aug 2025 | $257,189 | $1,262 |
| Aug 2026 | $273,480 | $1,331 |
HUD Fair Market Rent
FY2027, Monroe, MI MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $908 | $997 | $1,304 | $1,595 | $2,153 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 3.2
- 204 units, last 12 months
- National percentile
- 36th
- among US counties
Tools
Test a listing in Monroe County against today's rate.
Open the calculatorPart of the Monroe, MI metro.
Questions
- Is Monroe County good for rental property?
- The typical home here runs -$913 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Monroe County?
- About 1.16% of value, from Census ACS median taxes paid over median home value. On a $273,000 home that is about $3,164 a year.
- What is Fair Market Rent in Monroe County?
- HUD's FY2027 Fair Market Rent here is $997 for a 1-bedroom, $1,304 for a 2-bedroom and $1,595 for a 3-bedroom. Typical cash flow at today's rate is -$913 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.