West Monroe CDP Michigan Area Home Supply Charts

This page looks at a variety of West Monroe CDP Michigan housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. West Monroe CDP depicts it has a Housing Units of 1,497 which is the third most housing units of all other places in the greater West Monroe CDP region.

Figure 2 illustrates the housing density in the West Monroe CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) West Monroe CDP shows it has a Housing Density of 1214.4 which is in the mid range of other places in the local area. The place with the highest housing density in the area is Woodland Beach CDP which depicts a density of 1856.5 (52.9% larger). Comparing housing density to the United States average of 39.2, West Monroe CDP is considerably bigger. Also, compared to the state of Michigan, housing density of 81.8, West Monroe CDP is very much bigger.

In Figure 4, West Monroe CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. West Monroe CDP indicates it has a Housing Unit Change of 2.9% which is less than most other places in the metro area. The place with the highest change in the housing units in the area is Maybee which shows a housing units of 26.5% ( considerably bigger). Comparing change in the housing units to the United States average of 6.5%, West Monroe CDP is approximately half the size. Also, in comparison with the state of Michigan, change in the housing units of 1.8%, West Monroe CDP is 64.2% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) West Monroe CDP shows it has a Renter Percent of 17.6% which is less than most other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 82.4% which is the third most owner percent of all other places in the greater West Monroe CDP region.

West Monroe CDP Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average West Monroe CDP home price is illustrated for this community and a useful analysis of affordable housing. West Monroe CDP shows it has a Median Home Value of $78,000 which is the smallest in order of median home price of all the other places in the local area. The place with the highest median home price in the area is Maybee which depicts a home price of $154,900 (about twice as large). Figure 8 provides aggregate comparative data for the West Monroe CDP Michigan metro area in terms of the median housing rental rate, apartment rent, etc. West Monroe CDP shows it has a Median Gross Rent of $939 which is the second most rental rates of all the places in the greater West Monroe CDP region. The place with the highest rental rates in the area is Woodland Beach CDP which shows a rental rates of $1,144 (21.8% larger). Comparing rental rates to the United States average of $1,096, West Monroe CDP is about 16.7% smaller. Also, compared to the state of Michigan, rental rates of $892, West Monroe CDP is only about 5.3% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. West Monroe CDP has the percentage of home price worth less than $50,000 the second smallest in terms of home price worth less than $50,000 of all the other places in the metro area at 9% of the total. Second, it has the smallest proportion of home price worth between $50,000 to $100,000 at 34% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. West Monroe CDP shows it has a Median Owner Cost of $760 which is the second smallest when sorted by median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the West Monroe CDP metro area. it has a Owner Cost as % of HH Income of 22% which is the third most cost as a percent of household income of all other places in the greater West Monroe CDP region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. West Monroe CDP depicts it has a Median Home Value as Percent of Median Earnings of 193% which is the smallest in terms of median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) West Monroe CDP shows it has a Median Owner Costs-With Mortgage of $1,147 which is less than most other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $594 which is the most of all places in the greater West Monroe CDP region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. West Monroe CDP has one of the largest proportions of owner cost less than $300 at 28% of the total and is ranked #2. The only larger place being Woodland Beach CDP with 29%. Second, it has the smallest proportion of owner cost between $1,000 and $1,500 at 6% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) West Monroe CDP depicts it has a % of Income Owner Costs-With Mortgage of 22% which is the third most cost as a percent of household income of all other places in the greater West Monroe CDP region. The place with the highest cost as a percent of household income in the area is Detroit Beach CDP which shows a cost as a percent of household income of 25% (15.8% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. West Monroe CDP shows it has a % of Income Owner Costs-No Mortgage of 22% which is the second most cost as a percent of household income of all the places in the greater West Monroe CDP region. The place with the highest cost as a percent of household income in the area is Woodland Beach CDP which indicates a cost as a percent of household income of 26% (18.4% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) West Monroe CDP has the percentage of rent as a percent of income is between 10pct to 20pct in the middle range of other places in the local area at 21% of the total. Second, it has the second smallest in order of rent as a percent of income is less than 10 pct of all the other places in the greater region as measured by rent as a percent of income is between 20pct to 30pct at 14% of the total. Third, it has in the center range of other places in the metro area as measured by rent as a percent of income is between 30pct to 40pct at 4% of the total. Also, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 42% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. West Monroe CDP has the smallest proportion of housing cost between $1,000 and $1,500 at 5% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $966 which is the smallest when sorted by median real estate taxes paid of all the other places in the local area. The place with the highest median real estate taxes paid in the area is Woodland Beach CDP which depicts a taxes paid of $2,115 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,551, West Monroe CDP is approximately a third the size. Also, compared to the state of Michigan, median real estate taxes paid of $2,441, West Monroe CDP is approximately half the size.

Figure 23 shows the rental rate distribution for this area. West Monroe CDP Michigan has the percentage of rent less than 300 dollars less than most other places in the area at 4% of the total. Second, it has one of the largest proportions of rent between 300 and 500 dollars at 34% of the total and is ranked #2. The only larger place being Detroit Beach CDP with 61%. Third, it has the second smallest as measured by rent less than 300 dollars of all the other places in the greater region when sorted by rent between 500 and 750 dollars at 18% of the total. Also, it has one of the largest proportions of rent between 750 and 1000 dollars at 44% of the total and is ranked #2. The only larger place being Woodland Beach CDP with 50%.

West Monroe CDP Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. West Monroe CDP has the smallest proportion of With mortgage at 36% of the total. Second, it has the smallest proportion of No 2nd Mortgage or HELOC at 1% of the total. Third, it has the smallest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 1% of the total. Also, it has the largest proportion of With HELOC no Primary Mortgage at 63% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. West Monroe CDP has the largest proportion of houses with mortgages at 63% of the total and is ranked #1.

West Monroe CDP Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the second most family members per housing unit of all the places in the greater West Monroe CDP region. The place with the highest family members per housing unit in the area is Maybee which depicts a family members per housing unit of 3.2 ( about the same size). Comparing family members per housing unit to the United States average of 3.3, West Monroe CDP is about the same size. Also, compared to the state of Michigan, family members per housing unit of 3.1, West Monroe CDP is only about 3.3% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.7 which is in the mid range of other places in the local area. The place with the highest average number of rooms in a house in the area is Maybee which shows an average number of rooms in a house of 6.3 (10.5% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1976 which is more than all other places in the greater West Monroe CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest in order of homes built in 2014 or later of all the other places in the greater region at 4% of the total. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 24% of the total and is ranked #2. The only larger place being Woodland Beach CDP with 25%. Third, it has the largest proportion of homes built between 1980 to 1989 at 22% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1960 to 1969 at 15% of the total. In addition, it has the second smallest when sorted by homes built in 2014 or later of all the other places in the area in terms of homes built between 1950 to 1959 at 4% of the total. Furthermore, it has the smallest proportion of homes built between 1940 to 1949 at 6% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 250 of the total and is ranked #3. Only #2 South Monroe CDP (975), and #1 Monroe (2,958) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 49% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2000 to 2009 the second smallest as measured by value of homes built 2014 or later of all the other places in the greater region at $17,600 of the total. Second, it has one of the largest proportions of value of homes built 1990 to 1999 at $9,999 of the total and is ranked #3. Only #2 Luna Pier ($175,000), and #1 Monroe ($193,900) are larger. Third, it has one of the largest proportions of value of homes built 1970 to 1979 at $135,600 of the total and is ranked #3. Only #2 Monroe ($147,900), and #1 South Monroe CDP ($176,800) are larger. Also, it has less than most other places in the metro area as measured by value of homes built 1960 to 1969 at $117,700 of the total. In addition, it has one of the largest proportions of value of homes built 1940 to 1949 at $135,900 of the total and is ranked #2. The only larger place being Woodland Beach CDP with $156,100.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for West Monroe CDP residents. it has a Owner-Household Size of 2.3 which is less than most other places in the metro area. The place with the highest homeowner household size in the area is Woodland Beach CDP which depicts a homeowner household size of 2.7 (17.7% larger).

Figure 37 shows the household size for renters. West Monroe CDP shows it has a Renter-Household Size of 2.5 which is the second most renter household sizes of all the places in the greater West Monroe CDP region. The place with the highest renter household size in the area is Woodland Beach CDP which shows a renter household sizes of 2.9 (15.5% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 30% of the total and is ranked #2. The only larger place being Detroit Beach CDP with 31%. Second, it has less than most other places in the metropolitan area as measured by owners moved in 2010 to 2014 at 21% of the total. Third, it has the smallest proportion of owners moved in 1990 to 1999 at 11% of the total. Figure 39 shows the year that people who rent moved into the area. West Monroe CDP has one of the largest proportions of renters moved in 2019 or later at 61% of the total and is ranked #3. Only #2 Maybee (64%), and #1 Detroit Beach CDP (80%) are larger. Second, it has less than most other places in the metro area in terms of renters moved in 2015 to 2018 at 21% of the total. Third, it has the smallest proportion of renters moved in 2010 to 2014 at 7% of the total. Also, it has the largest proportion of renters moved in 2000 to 2009 at 12% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2008 which is the second most median year that a home owner moved in of all the places in the greater West Monroe CDP region. Figure 41 compares the median year that renters moved into their home. West Monroe CDP depicts it has a Renter Median Year Moved In of 2014 which is less than most other places in the greater region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 3% of the total and is ranked #1.