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Monroe County, MI

RANK #225 / 996  ·  POP 154,823  ·  MI

PROJECTED GROWTH: +1.9%

Monroe County combines solid growth with real affordability — a rare combination.

[01] Why Monroe County?

Monroe County, Michigan, distinguishes itself with its Lake Erie shoreline and the historic city of Monroe, which played a significant role in the War of 1812 and is home to the River Raisin National Battlefield Park. Located about 30 miles south of Detroit and 17 miles north of Toledo, Ohio, the county offers a blend of small-town charm and convenient access to larger metropolitan areas. Commuting is generally manageable, with major interstates like I-75 and US-23 providing connections, and local transit options like Lake Erie Transit serving the area. The community embraces its natural surroundings, with Sterling State Park providing Michigan's only state park on Lake Erie, offering extensive outdoor recreation including fishing, boating, and miles of trails.

Life in Monroe County offers a relaxed pace, appealing to families and individuals seeking a balance between natural scenery and accessibility. Public schools in the county are generally above average, with districts like Dundee Community Schools and Whiteford Agricultural Schools receiving favorable ratings. The local economy is diverse, with ongoing investments in sectors such as data centers and energy. Efforts are also underway to address housing needs through new construction initiatives. The county's economic development focuses on attracting new enterprises and supporting existing businesses, leveraging its position as a logistics hub with access to major transportation infrastructure.

[02] Market Snapshot

Housing Ratio
4.9x

Above national median (4.7x)

GDP Growth
+3.4%

Above national median

Home Prices
+6.5%

Outpacing national median

Climate & Terrain
-1.4

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 4.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Monroe County U.S. National

The Numbers

DEMOGRAPHICS
Population
154,823
+0.49% YoY
Median Household Income
$72,573
Median Home Value
$202,200
+6.55% 12mo
Median Rent
$996
Average Annual Pay
$60,516
+2.6% YoY
Employment
41,159
+1.4% YoY
Income-to-Home-Value
0.3589
More affordable than average
Migration Inflow
2.54%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$259,500
Days on Market
60
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
23.8%
Listings w/ Price Drops
17.6%
Building Permits (2024)
237
Single-Family Permits
219

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,850M
TOTAL
PROJECT AMOUNT STATUS
Project Cherry Blossom Data Center
Cloverleaf Infrastructure
$1,000M Proposed
Monroe I Energy Center (Battery Storage)
DTE Electric Co.
$350M Approved
Fermi Energy Center (Battery Storage)
DTE Electric Co.
$200M Approved
Azalia Solar
Apex Clean Energy
$150M Planned
Strasburg Solar Park
DTE Energy
$100M Planned
I-75 Rebuilding Project
MDOT
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.4% 65 percentile
Population Growth +0.5% 52 percentile
Income Growth +6.7% 14 percentile
Vacancy Rate 0.5% 95 percentile
Home Price Change +6.5% 96 percentile
Rent Growth +0.1% 11 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Monroe County, MI a good place to move to?

Monroe County has a Boom Town Index score of 78/100, ranking #225 among 996 U.S. counties. With job growth at +1.4% and a median household income of $72,573, it's an above-average county on economic indicators.

Is Monroe County affordable?

The median home value in Monroe County is $202,200 with median rent at $996/month. The income-to-home-value ratio is 0.3589, which is more affordable than the national average.

Is Monroe County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: +1.4%. Home values changed +6.5% in the past 12 months.

Are people moving to Monroe County?

Yes — 2.54% of Monroe County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wood County, WI 88 Lorain County, OH 88 Gloucester County, NJ 88 Rensselaer County, NY 88 Lucas County, OH 88 Montgomery County, OH 88 Wayne County, PA 88 Dutchess County, NY 88