Monroe County, Pennsylvania Housing Market Prices
Monroe County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 53% above the Pennsylvania median More expensive than 89% of counties in Pennsylvania$233,093
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Median rent 15% above the Pennsylvania median More expensive than 92% of counties in Pennsylvania$1,392
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $233,093 | $152,469 | $248,835 |
| Price Trend (Annual %) | 9.3% | 3.7% | 7.5% |
| Median Gross Rent | $1,392 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 53% higher than in Pennsylvania. Rent is about 15% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Monroe County, up about 9.3% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 37.4% between 2015 and 2024, from $1,013 to $1,392. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 14.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Monroe County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Monroe County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $233,093 | $152,469 | $248,835 |
| Median Household Income | $83,939 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 100.1%, while median household income rose about 39.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Monroe County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 63.0% | 58.5% |
| Rental Rate | 15.3% | 27.9% | 31.2% |
| Vacancy Rate | 23.0% | 9.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Monroe County has a homeownership rate of 61.7%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 23.0%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Monroe County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1983 | 1966 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Monroe County was built around 1983. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Monroe County, PA Housing Compared With Nearby Counties
Monroe County, PA is the 3rd largest of the 6 counties compared here, 167,515 residents against a local median of 110,807. Monroe County, PA sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 9% above the local median at $233,093 against $213,097. Monroe County, PA has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, PA | 167,515 | $233,093 #3/6 | $1,392 #3/6 | 80.2% #2/6 |
| Northampton County, PA | 318,250 | $213,097 | $1,395 | 71.1% |
| Carbon County, PA | 65,382 | $56,943 | $993 | 76.4% |
| Warren County, NJ | 110,807 | $257,078 | $1,409 | 75.1% |
| Pike County, PA | 60,618 | $264,463 | $1,378 | 87.0% |
| Lackawanna County, PA | 216,127 | $127,976 | $1,007 | 65.4% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Pennsylvania.
What is the median home price in Monroe County, Pennsylvania?
The median home price in Monroe County, Pennsylvania is $233,093, higher than the Pennsylvania average of $152,469.
What is the average home price in Monroe County, Pennsylvania?
The typical home price in Monroe County, Pennsylvania, reported as the median sale price, is $233,093. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Monroe County, Pennsylvania?
The median gross rent in Monroe County, Pennsylvania is $1,392 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Pennsylvania was $1,154 per month.
What is the price-to-rent ratio in Monroe County, Pennsylvania?
The price-to-rent ratio in Monroe County, Pennsylvania is about 14.0, meaning it would take roughly 14.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Monroe County.
Are home prices or rent rising faster in Monroe County, Pennsylvania?
Both home prices and rent are rising in Monroe County, up about 9.3% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Pennsylvania?
61.7% of households in Monroe County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Monroe County, Pennsylvania?
The housing vacancy rate in Monroe County, Pennsylvania is 23.0%, higher than the Pennsylvania average of 9.1%.
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