How much do homeowners pay a month in the Village of Monroe, NY?
Homeowners with a mortgage in the Village of Monroe, NY pay a median of $3,147 (±$201) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,353 (±$124).
72.8% of owned homes carry a mortgage.
In the Village of Monroe, the median monthly cost with a mortgage went from $2,828 in 2015–2019 to $3,147 in 2020–2024 (+11.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $3,147 (±$201)
- Without a mortgage
- $1,353 (±$124)
- Owned with a mortgage
- 72.8%
Monthly owner costs in the Village of Monroe
| Village of Monroe | Orange County | New York | United States | |
|---|---|---|---|---|
| With a mortgage | $3,147 (±$201) | $2,664 (±$34) | $2,555 (±$9) | $1,963 |
| Without a mortgage | $1,353 (±$124) | $1,140 (±$27) | $958 (±$5) | $638 |
| Owned homes with a mortgage | 72.8% (±6.4 points) | 66.5% (±1.3 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $8,494 (±$149) | $6,582 (±$21) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In the Village of Monroe, the median cost with a mortgage is higher than in Orange County ($2,664).
It is also higher than in New York ($2,555).
It is higher than the national figure ($1,963).
In Orange County, the Village of Monroe ranks 4 of 19 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 132 of 528.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in the Village of Monroe have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,828 (±$185) | $3,147 (±$201) | +11.3% | Down after inflation |
| Median home value | $324,800 (±$13,150) | $427,800 (±$16,540) | +31.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near the Village of Monroe
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Village of Monroe | — | $3,147 (±$201) | — |
| Town of Monroe | 1.1 mi | $3,231 (±$168) | Not measurably different |
| Town of Palm Tree | 1.9 mi | $2,616 (±$264) | Lower |
| Village of Kiryas Joel | 1.9 mi | $2,616 (±$264) | Lower |
| Walton Park | 2.1 mi | $2,832 (±$184) | Lower |
| Village of Harriman | 2.2 mi | $2,448 (±$342) | Lower |
| Village of South Blooming Grove | 4.0 mi | $3,091 (±$331) | Not measurably different |
| Town of Woodbury | 4.4 mi | $3,083 (±$282) | Not measurably different |
| Village of Woodbury | 4.4 mi | $3,161 (±$326) | Not measurably different |
Nearby places with a measurably lower figure: Town of Palm Tree, NY ($2,616), Village of Kiryas Joel, NY ($2,616), Walton Park, NY ($2,832).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Orange County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Village of Tuxedo Park | $4,000 or more |
| 2 | Village of Cornwall-on-Hudson | $3,539 (±$293) |
| 3 | Village of Woodbury | $3,161 (±$326) |
| 4 | Village of Monroe | $3,147 (±$201) |
| 5 | Village of Warwick | $3,103 (±$256) |
| 6 | Village of South Blooming Grove | $3,091 (±$331) |
| 7 | Village of Washingtonville | $2,770 (±$329) |
| 8 | Village of Unionville | $2,667 (±$459) |
| 9 | Village of Highland Falls | $2,652 (±$146) |
| 10 | Village of Florida | $2,638 (±$117) |
Showing 10 of 19 places in Orange County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Village of Monroe
What is the average mortgage payment in the Village of Monroe?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Village of Monroe, NY is $3,147 (±$201) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in the Village of Monroe?
Owners without a mortgage in the Village of Monroe pay a median of $1,353 (±$124) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in the Village of Monroe gone up?
In the Village of Monroe, the median monthly cost with a mortgage went from $2,828 in 2015–2019 to $3,147 in 2020–2024 (+11.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monroe village, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Monroe village, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Monroe village, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Monroe village, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Monroe village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Monroe village, New York (place:47988, in state:36).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Village of Monroe at a glance
- Median rent in the Village of Monroe
- Rent by bedrooms in the Village of Monroe
- Renters and owners in the Village of Monroe
- Income and affordability in the Village of Monroe
- Home values in the Village of Monroe
- Property taxes in the Village of Monroe
- Types of homes in the Village of Monroe
- Bedrooms in the Village of Monroe
- Age of homes in the Village of Monroe
- Heating fuel in the Village of Monroe
- Commute and cars in the Village of Monroe
- Crime reported to police in the Village of Monroe
- Population growth in the Village of Monroe
- How long people stay in the Village of Monroe
- Crowding and facilities in the Village of Monroe
- New York landlord and tenant rules
- Housing across Orange County
- Housing data for every place in New York