Metro area index
Home appreciation in the Monroe, MI metro area
FHFA HPI® data shows the Monroe, MI metro area's all-transactions index changed +2.1% over the year to Q2 2026, versus +4.6% for Michigan and +3.0% for the U.S. That ranks 281st of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.1%
- 5-year change
- +36.1%
- Since Q1 1995
- +175%
- Metro rank (1 year)
- 281st
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Monroe, MI vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Monroe, MI: 274.7
- Michigan: 328.0
- United States: 391.6
Appreciation by time window
| Window | Metro | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.1% | +4.6% | +3.0% | −2.5 pts | −0.9 pts |
| 3 years | +16.1% | +18.0% | +12.9% | −1.9 pts | +3.3 pts |
| 5 years | +36.1% | +45.6% | +41.3% | −9.5 pts | −5.2 pts |
| 10 years | +82.4% | +104% | +93.3% | −21.1 pts | −10.9 pts |
| Since Q1 1995 | +175% | +228% | +292% | −53.3 pts | −116.9 pts |
Boom, bust, and recovery in Monroe, MI area
Monroe, MI area's index peaked in Q4 2005, fell 31.7% to its low in Q2 2011, and regained its peak in Q1 2020, about 14.2 years after the top. Today it sits +52.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2005 | Q2 2011 | -31.7% | Q1 2020 (14.2 yrs) | +52.8% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Monroe, MI area's index has changed +24.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MI after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.7% | +0.7% | -0.8% |
| 3 years | +9.8% | +5.8% | +7.4% | +2.8% |
| 5 years | +24.0% | +9.8% | +17.4% | +13.9% |
| 10 years | +39.1% | +31.2% | +46.3% | +39.0% |
| Since Q1 1995 | +121% | +24.1% | +48.1% | +76.8% |
If you bought in the Monroe, MI area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +170% | $809,449 |
| Q2 2000 | +92.4% | $577,303 |
| Q2 2005 | +54.9% | $464,779 |
| Q2 2010 | +109% | $627,981 |
| Q2 2015 | +89.5% | $568,423 |
| Q2 2020 | +52.5% | $457,452 |
| Q2 2021 | +36.1% | $408,395 |
| Q2 2023 | +16.1% | $348,398 |
| Q2 2025 | +2.1% | $306,334 |
Frequently asked questions
- How much have home prices risen in the Monroe, MI area?
- FHFA HPI® data for the Monroe, MI metro area shows changes of +2.1% over one year, +36.1% over five years, and +82.4% over ten years to Q2 2026, and +175% since Q1 1995.
- Is the Monroe, MI area beating the national average?
- Over the past year the metro's index moved −0.9 pts versus the U.S.; over five years the gap is −5.2 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.