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 2020 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 shows it has a Housing Units of 1,439 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 depicts it has a Housing Density of 1167.3 which is in the mid range of other places in the surrounding region. The place with the highest housing density in the area is Woodland Beach CDP which depicts a density of 1679.5 (43.9% larger). Comparing housing density to the United States average of 38.9, West Monroe CDP is appreciably bigger. Also, benchmarked against the state of Michigan, housing density of 81.5, West Monroe CDP is substantially 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 shows it has a Housing Unit Change of -1.1% which is the second smallest as measured by change in the housing units of all the other places in the surrounding region. The place with the highest change in the housing units in the area is Maybee which depicts a housing units of 8.1% ( considerably bigger). Comparing change in the housing units to the United States average of 5.7%, West Monroe CDP is about the same size. Also, measured against the state of Michigan, change in the housing units of 1.4%, West Monroe CDP is about the same size.

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 19.2% which is less than most other places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 80.8% 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 depicts it has a Median Home Value of $62,400 which is the smallest as measured by 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 shows a home price of $159,200 (approximately 2.6 times bigger). 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 depicts it has a Median Gross Rent of $1,091 which is the most of all places in the greater region. Comparing rental rates to the United States average of $1,062, West Monroe CDP is only about 2.7% larger. Also, in contrast to the state of Michigan, rental rates of $871, West Monroe CDP is 25.3% 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 smallest proportion of home price worth less than $50,000 at 11% of the total. Second, it has the smallest proportion of home price worth between $50,000 to $100,000 at 34% of the total. Third, it has the largest proportion of home price worth between $400,000 to $500,000 at 1% of the total and is ranked #1.

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 $704 which is the second smallest in order of median ownership cost of all the other places in the 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 20% which is the second most cost as a percent of household income of all the 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 162% which is the smallest in order 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 $1,085 which is the second smallest when ranked by median housing cost of all the other places in the surrounding 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 $482 which is the second most median housing cost of all the 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 the largest proportion of owner cost less than $300 at 32% of the total and is ranked #1. Second, it has one of the largest proportions of owner cost between $300 and $500 at 17% of the total and is ranked #3. Only #2 South Monroe CDP (20%), and #1 Luna Pier (21%) are larger. Third, it has the smallest proportion of owner cost between $1,000 and $1,500 at 5% 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 shows it has a % of Income Owner Costs-With Mortgage of 24% which is the highest of all places in the greater West Monroe CDP region. 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 depicts it has a % of Income Owner Costs-No Mortgage of 17% which is more than all other places in the metro area.

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 one of the largest proportions of rent as a percent of income is less than 10 pct at 29% of the total and is ranked #2. The only larger place being Maybee with 32%. 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 surrounding region in order of rent as a percent of income is between 20pct to 30pct at 15% of the total. Third, it has in the middle range of other places in the metro area as measured by rent as a percent of income is between 30pct to 40pct at 3% of the total. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 28% of the total and is ranked #2. The only larger place being Woodland Beach CDP with 32%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. West Monroe CDP has the largest proportion of housing cost between $700 and $1,000 at 29% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $1,000 and $1,500 at 4% 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 $992 which is the smallest in terms of 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 Maybee which shows a taxes paid of $2,038 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,471, West Monroe CDP is approximately half the size. Also, compared with the state of Michigan, median real estate taxes paid of $2,381, 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 between 300 and 500 dollars less than most other places in the metropolitan area at 20% of the total. Second, it has the second smallest in order of rent less than 300 dollars of all the other places in the local area when ranked by rent between 500 and 750 dollars at 12% of the total. Third, it has the largest proportion of rent between 750 and 1000 dollars at 65% of the total and is ranked #1.

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 1% of the total. Second, it has the smallest proportion of 2nd mortgage at 1% of the total. Third, it has the smallest proportion of both 2nd mortgage and heloc at 43% of the total. Also, it has the largest proportion of no 2nd mortgage and no heloc at 56% 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 56% 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 3.4 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 3.6 (8.2% larger). 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 3.2, West Monroe CDP is 6.2% 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 5.5 which is the second smallest when ranked by average number of rooms in a house of all the other places in the local area. The place with the highest average number of rooms in a house in the area is Maybee which depicts an average number of rooms in a house of 6.4 (16.4% 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 the most of all 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 in the intermediate range of other places in the surrounding region at 7% of the total. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 19% of the total and is ranked #3. Only #2 Detroit Beach CDP (20%), and #1 Woodland Beach CDP (26%) are larger. Third, it has the largest proportion of homes built between 1980 to 1989 at 24% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1970 to 1979 at 11% of the total and is ranked #1. In addition, it has the second smallest in terms of homes built in 2014 or later of all the other places in the greater region as measured by homes built between 1960 to 1969 at 14% of the total. Furthermore, it has the smallest proportion of homes built between 1950 to 1959 at 4% of the total. Next it has the smallest proportion of homes built between 1940 to 1949 at 5% 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 261 of the total and is ranked #3. Only #2 South Monroe CDP (989), and #1 Monroe (3,190) 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 53% 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 2010 to 2013 in the mid point range of other places in the greater region at $154,500 of the total. Second, it has less than most other places in the local area in order of value of homes built 2000 to 2009 at $14,100 of the total. Third, 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 ($170,800), and #1 Monroe ($175,500) are larger. Also, it has less than most other places in the metro area as measured by value of homes built 1970 to 1979 at $121,300 of the total. In addition, it has less than most other places in the local area as measured by value of homes built 1960 to 1969 at $109,600 of the total. Furthermore, it has one of the largest proportions of value of homes built 1950 to 1959 at $153,600 of the total and is ranked #2. The only larger place being Luna Pier with $159,200. Next it has the largest proportion of value of homes built 1940 to 1949 at $132,100 of the total and is ranked #1.

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 2.5 which is in the middle range of other places in the greater region. The place with the highest homeowner household size in the area is Maybee which depicts a homeowner household size of 3.2 (30.0% larger).

Figure 37 shows the household size for renters. West Monroe CDP depicts it has a Renter-Household Size of 2.9 which is the highest of all places in the greater West Monroe CDP region. Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 18% of the total and is ranked #1. Second, it has less than most other places in the metro area when sorted by owners moved in 2010 to 2014 at 22% 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 the percentage of renters moved in 2017 or later in the center range of other places in the metro area at 25% of the total. Second, it has less than most other places in the surrounding region in order of renters moved in 2015 to 2016 at 18% of the total. Third, it has the second smallest when ranked by renters moved in 2017 or later of all the other places in the surrounding region when sorted by renters moved in 2010 to 2014 at 1% of the total. Also, it has the largest proportion of renters moved in 2000 to 2009 at 11% 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 2009 which is ranked #1 of all 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 2016 which is ranked #1 of all places in the area.

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. Second, it has one of the largest proportions of home using bottled, tank, or lp gas at 12% of the total and is ranked #3. Only #2 Monroe (13%), and #1 Luna Pier (14%) are larger.