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Monroe County, MI

Bedford

RANK #205 / 996 NAT  ·  #23 / 36 MI  ·  POP 154,823

1YR FORECAST: +3.3%

5YR OUTLOOK: +32%

Our model projects above-average housing market growth for Monroe County at +3.3% over the next year.

[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] Top Employers

  1. 1
    La-Z-Boy World Headquarters Manufacturing
    10,000+
  2. 2
    Walmart Retail
  3. 3
    Gerdau Manufacturing
  4. 4
    Backyard Products Manufacturing
    100+
  5. 5
    ProMedica Monroe Regional Hospital Healthcare
  6. 6
    DTE Energy Energy
  7. 7
    Monroe Public Schools Education
  8. 8
    First Merchants Bank Finance
  9. 9
    Monroe County Community College Education
  10. 10
    Tenneco Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
22.6%
of residents (national avg: 33%)

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] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
2.0
per 100K · nat avg 6.3
Firearm Fatalities
10.4
per 100K · nat avg 14.8
Injury Deaths
80.7
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

A
AIR QUALITY
GRADE
Median AQI (3yr)
23.3
Good
Good Air Days
89%
167 of 187 days
Unhealthy+ Days (3yr)
2
Includes 1 Very Unhealthy
Primary Pollutant
PM10
Coarse particulate matter
Yearly Trend
2021
19
2022
26
2023
25
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 79/100, Monroe County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.4%, and median household income stands at $72,573 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MI.

Is Monroe County affordable?

By national standards, Monroe County is quite affordable. Homes here have a median value of $202,200, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $996/month. Residents can generally buy a home without being cost-burdened.

Is Monroe County growing or shrinking?

Employers in Monroe County are hiring — job growth of +1.4% — but the population is close to flat (+0.5% YoY). Home values moved +6.5% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Monroe County?

There's a moderate stream of newcomers. About 2.54% of residents moved from another state, which is above average and suggests Monroe County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Monroe County?

Home values climbed +6.5% year-over-year, which is a solid pace of appreciation. The median home in Monroe County is now valued at $202,200. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Clinton County, MI 80 Barry County, MI 78 Marquette County, MI 81 Ingham County, MI 77 Kalamazoo County, MI 77 Kent County, MI 83 Rensselaer County, NY 79 Cass County, MO 79