Zip lookup · MI

48161
Monroe, Michigan.

Monroe, Monroe County, MI · Monroe, MI metro · population 26,304

What it costs per month · 48161 $1,063/mo

to buy the typical home at today's mortgage rate — +$520 (+96%) since Jan 2020.

What the home itself did
1 year
Up $10,852 +6%
$191,621$202,473 since Sep 2025
5 years
Up $38,415 +23%
$164,058$202,473 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 48161 $1,063 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 48161$1,063
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 16 years.

Typical home values in zip 48161 rose 5.7% over the past year — faster than the nation's +1.2%.

Asking rents in zip 48161 rose 12.5% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 48161 runs $348/mo more than renting one. The gap peaked at $372 in May 2026.

That is $1,475 a month against $1,127 rent: a $1,063 mortgage payment, plus $195 property tax and $217 insurance & upkeep.

Owning vs renting — zip 48161

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $1,250 $1,500 2025 2026 Owning all in $1,475 Renting $1,127 Mortgage only $1,063
$1,000 $1,250 $1,500 2025 2026
  • Owning all in$1,475
  • Renting$1,127
  • Mortgage only$1,063

Property tax · $195/mo 1.16% of value a year — the ACS 2020-2024 median bill over the median home value for Monroe County, MI

Insurance & upkeep · $217/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Monroe, MI — measured over the city limits, which is a different area from this zip.

Asking rent $1,127 as of Sep 2026
+12.5%year on year
Typical home value $202,473 as of Sep 2026
+5.7%year on year

Asking rent — 48161

Against the Monroe, MI metro and the national benchmark.

$1,000 $1,250 $1,500 $1,750 2025 2026 48161 $1,127 Monroe $1,277 United States $1,932
$1,000 $1,250 $1,500 $1,750 2025 2026
  • 48161$1,127
  • Monroe$1,277
  • United States$1,932

Typical home value — 48161

Mid-tier homes, smoothed and seasonally adjusted.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 48161 $202,473 Monroe $270,413 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 48161$202,473
  • Monroe$270,413
  • United States$366,157

Within 20 miles

Showing 30 of 37 zips in range — sorting picks from all 37.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
4.0 48145 La Salle 2,904 — $279,299
4.1 48162 Monroe 28,156 $1,289 $238,709
6.0 48140 Ida 3,664 — $326,508
6.7 48157 Luna Pier 1,244 — $191,935
8.6 48133 Erie 7,085 — $255,291
9.2 48159 Maybee 2,578 — $289,104
9.7 48182 Temperance 20,179 $2,026 $300,109
10.3 48117 Carleton 10,262 — $335,118
10.7 48166 Newport 14,056 — $212,335
11.0 48131 Dundee 8,637 — $296,380
11.1 49270 Petersburg 5,567 — $314,526
13.4 48144 Lambertville 10,507 — $310,446
14.1 48179 South Rockwood 3,209 — $317,818
14.3 43611 Toledo 18,664 $1,208 $156,935
14.3 43612 Toledo 28,480 $1,060 $118,193
15.4 48191 Willis 4,403 — $302,010
15.5 43613 Toledo 30,780 $1,058 $160,054
15.6 48164 New Boston 9,576 — $343,924
16.0 43608 Toledo 13,593 $1,058 $54,526
16.1 48160 Milan 13,972 — $308,284
16.2 49238 Deerfield 1,914 — $237,660
16.5 49267 Ottawa Lake 3,974 — $333,612
16.5 48134 Flat Rock 23,935 $1,508 $313,255
16.6 43610 Toledo 4,060 $985 $59,965
16.8 43623 Toledo 20,267 $1,047 $208,094
16.8 48190 Whittaker 76 — $231,362
17.3 43620 Toledo 4,912 — $90,500
17.6 48173 Rockwood 12,931 — $268,124
17.6 43616 Oregon 20,309 $1,592 $231,345
17.8 49276 Riga 703 — $294,936

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.