Monroe, Washington.
Typical home $706,582 (-0.6% in a year), asking rent $2,382 (+4.3%). Seattle-Tacoma-Bellevue, WA metro.
to buy the typical home at today's mortgage rate — +$2,016 (+119%) since Jan 2020.
- 1 year
- Down $4,113 -1%
- $710,695$706,582 since Sep 2025
- 5 years
- Up $96,506 +16%
- $610,076$706,582 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.
- Monroe$3,709
- Washington$3,084
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Monroe, WA fell 0.6% over the past year — slower than the nation's +1.2%.
Asking rents in Monroe, WA rose 4.3% over the past year — faster than the nation's +2.7%.
Owning the typical home in Monroe runs $2,537/mo more than renting one. The gap peaked at $2,988 in Jan 2025.
That is $4,919 a month against $2,382 rent: a $3,709 mortgage payment, plus $454 property tax and $756 insurance & upkeep.
Owning vs renting — Monroe
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.
- Owning all in$4,919
- Renting$2,382
- Mortgage only$3,709
Property tax · $454/mo 0.77% of value a year — the ACS 2020-2024 median bill over the median home value for Snohomish County, WA
Insurance & upkeep · $756/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.
Living in Monroe, Snohomish County, Washington
Monroe is a city of 19,699 people in Snohomish County. Half its households earn more than $110,461 a year and half less, against $111,246 across Snohomish County; 7% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Snohomish County was 4.8% in August 2026, and the county had 0.5% more jobs in 2025 than the year before. The most residents work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Monroe is a small city in Snohomish County, and its people are somewhat younger than in many towns. Household incomes sit just below the county's, and most homes are lived in by their owners, with a smaller group of renters. Winters are cold and wet rather than snowy, with only a dusting of snow most years, and summers are mild and pleasant.
Work. Residents work in professional and business services, in schools, hospitals and social care, in shops, and in manufacturing. The largest workplaces in town include the Washington State Department of Corrections, the Monroe School District and Evergreen Health Monroe. Commutes are long, and a good number of people work from home.
Things to do. In or beside town, Evergreen Speedway is a race track, and the Snohomish River, a short drive away, offers a stretch of water close to home. A longer drive brings the larger sights of the Seattle area, including Lake Washington, a big lake, and the Museum of Pop Culture, a museum.
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- 6,280households
- 30%of adults have a degree
- 7%below the poverty line
- 31 mintypical commute
- 20%work from home
What residents work in
Employed residents by industry, from the Census survey. Snohomish County had 299,062 jobs in 2025, 0.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 43° and lows near 32°; warmest in August, with highs near 75° and lows near 52°. About 3 inches of snow and 51 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Monroe weather station, a mile away (NOAA).
Largest workplaces in Monroe
- Washington State Department of CorrectionsCorrectional institutions1,096
- Monroe School DistrictSchool district606FTE
- Canyon Creek Cabinet CompanyKitchen cabinets, stock or custom wood, manufacturing267
- Natural Factors NutritionalHerbal supplements manufacturing256
- Evergreen Health MonroeGeneral hospital196FTE
- Lowe's Companies, INCHomecenter164
- Regency Care Center at MonroeConvalescent homes or convalescent hospitals130
- Steve Ruhnke ConstructionAerial or picker truck, construction, rental with operator125
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 26 workplaces with 20 or more staff, 3,146 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
- Ice stormsRelatively moderate
- Inland floodingrelatively high in parts of MonroeRelatively moderate
- Heat wavesRelatively moderate
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Monroe’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Snohomish County and the Seattle-Tacoma-Bellevue, WA metro.
Monroe home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Monroe$706,582
- Washington$587,533
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Monroe listings, and the typical home goes pending in 16 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Monroe36.12%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Monroe16
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Monroe110
New listings per month
Sellers arriving at the market.
- Monroe27
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Monroe$676,833
- United States$371,553
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
Not enough data to draw this yet.
Zip codes with a Monroe address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Monroe — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.