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 2019 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 1,453 which is the smallest as measured by housing units of all the other places in the local area.

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 1,178.7 which is the second most housing densities of all the places in the greater West Monroe CDP region. The place with the highest housing density in the area is South Monroe CDP which depicts a density of 1,303.8 (10.6% larger). Comparing housing density to the United States average of 38.6, West Monroe CDP is substantially bigger. Also, versus the state of Michigan, housing density of 81.3, 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 shows it has a change in the housing units of -0.1% which is in the center range of other places in the local area. The place with the highest change in the housing units in the area is South Monroe CDP which depicts a housing units of 5.9% ( very much bigger). Comparing change in the housing units to the United States average of 4.9%, West Monroe CDP is about the same size. Also, measured against the state of Michigan, change in the housing units of 1.1%, 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 19.5% which is less than most other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 80.5% 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 price of $47,700 which is the smallest when ranked 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 Raisinville township which shows a home price of $179,000 (approximately 3.8 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 shows it has a rental rates of $1,069 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 Raisinville township which depicts a rental rates of $1,307 (22.3% larger). Comparing rental rates to the United States average of $1,023, West Monroe CDP is only about 4.5% larger. Also, compared to the state of Michigan, rental rates of $850, West Monroe CDP is 25.8% 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 largest proportion of home price worth less than $50,000 at 52% of the total and is ranked #1. Second, it has the smallest proportion of home price worth between $100,000 to $200,000 at 27% of the total. Third, it has the smallest proportion of home price worth between $200,000 to $300,000 at 6% of the total. Also, it has the smallest proportion of home price worth between $300,000 to $400,000 at 2% 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 ownership cost of $700 which is the smallest in terms of 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 cost as a percent of household income of 20% which is more than 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 shows it has a median home value as a percent of median worker earnings of 129% which is the smallest when ranked by median home value as a percent of median worker earnings of all the other places in the metropolitan 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 depicts it has a median housing cost of $1,019 which is the smallest in order of 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 housing cost of $482 which is in the mid point range of other places in the area.

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 12% of the total and is ranked #1. Second, it has one of the largest proportions of owner cost between $300 and $500 at 22% of the total and is ranked #3. Only #2 Monroe-Monroe County (23%), and #1 Monroe (23%) are larger. Third, it has one of the largest proportions of owner cost between $700 and $1,000 at 26% of the total and is ranked #2. The only larger place being South Monroe CDP with 27%. Also, it has the smallest proportion of owner cost between $1,000 and $1,500 at 17% of the total. In addition, it has the smallest proportion of owner cost between $1,500 and $2,000 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 depicts it has a cost as a percent of household income of 22% which is the second most of all the places in the metro area. The place with the highest cost as a percent of household income in the area is South Monroe CDP which depicts a cost as a percent of household income of 25% (12.8% 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 cost as a percent of household income of 17% which is the largest of all places in the greater West Monroe CDP region.

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 largest proportion of rent as a percent of income is between 10pct to 20pct at 33% of the total and is ranked #1. Second, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 13% of the total. Third, it has the smallest proportion of rent as a percent of income is between 30pct to 40pct at 15% of the total. Also, it has in the middle range of other places in the metro area as measured by rent as a percent of income is between 40pct to 50pct at 13% of the total. In addition, it has the largest proportion of rent as a percent of income is over 50pct at 26% 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 largest proportion of housing cost less than $300 at 10% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $300 and $500 at 19% of the total and is ranked #1. Third, it has the smallest proportion of housing cost between $1,500 and $2,000 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 $991 which is the smallest when sorted by median real estate taxes paid of all the other places in the greater region. The place with the highest median real estate taxes paid in the area is Monroe which shows a taxes paid of $1,966 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,375, West Monroe CDP is approximately half the size. Also, compared to the state of Michigan, median real estate taxes paid of $2,312, West Monroe CDP is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in West Monroe CDP Michigan. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. West Monroe CDP has the largest proportion of pay extra for utilities at 100% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. West Monroe CDP Michigan has the smallest proportion of rent between 300 and 500 dollars at 3% of the total. Second, it has the smallest proportion of rent between 750 and 1000 dollars at 11% of the total. Third, it has the largest proportion of rent between 1000 and 1500 dollars at 60% 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 45% of the total. Second, it has the smallest proportion of 2nd mortgage or heloc-not both at 4% of the total. Third, it has the smallest proportion of with heloc at 4% of the total. Also, it has the largest proportion of both 2nd mortgage and heloc at 1% of the total and is ranked #1. In addition, it has the smallest proportion of no 2nd mortgage and no heloc at 40% of the total. Furthermore, it has the largest proportion of no mortgage at 55% 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 smallest proportion of houses with mortgages at 45% of the total. Second, it has the largest proportion of houses without mortgages at 55% 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 members per housing unit of 3.2 which is the third most family members per housing unit of all other places in the greater West Monroe CDP region. The place with the highest family members per housing unit in the area is Monroe which depicts a family members per housing unit of 3.3 ( only slightly larger). Comparing family members per housing unit to the United States average of 3.3, West Monroe CDP is only about 3.4% smaller. Also, compared to the state of Michigan, family members per housing unit of 3.2, West Monroe CDP is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 5.4 which is the second smallest when sorted by average number of rooms in a house of all the other places in the greater region. The place with the highest average number of rooms in a house in the area is Raisinville township which depicts an average number of rooms in a house of 6.5 (20.4% 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 year built of 1977 which is the second most year built of all the places in the greater West Monroe CDP region. The place with the highest year built in the area is Monroe charter township which shows a year built of 1978 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 4% of the total and is ranked #1. Second, it has the largest proportion of homes built between 1990 to 1999 at 22% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1980 to 1989 at 6% of the total. Also, it has the largest proportion of homes built between 1970 to 1979 at 26% of the total and is ranked #1. In addition, it has the second smallest as measured by homes built in 2014 or later of all the other places in the local area in terms of homes built between 1940 to 1949 at 3% of the total. Furthermore, it has the smallest proportion of homes built between 1939 or earlier 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. has the smallest proportion of owner housing units at 1,088 of the total. Second, it has less than most other places in the greater region when sorted by renter housing units at 264 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit detached at 38% of the total. Second, it has the largest proportion of 20 to 49 units at 2% of the total and is ranked #1. Third, it has the largest proportion of mobile home at 55% 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 1990 to 1999 less than most other places in the greater region at $12,200 of the total. Second, it has less than most other places in the local area as measured by value of homes built 1980 to 1989 at $9,999 of the total. Third, it has the smallest proportion of value of homes built 1970 to 1979 at $9,999 of the total. Also, it has the smallest proportion of value of homes built 1960 to 1969 at $120,300 of the total. In addition, it has the smallest proportion of value of homes built 1950 to 1959 at $102,400 of the total. Furthermore, it has the second smallest as measured by value of homes built 2014 or later of all the other places in the metro area when sorted by value of homes built 1939 or earlier at $90,600 of the total.

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 homeowner household size of 2.5 which is less than most other places in the area. The place with the highest homeowner household size in the area is Raisinville township which shows a homeowner household size of 2.7 (11.0% 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 third most of all other places in the metro area. The place with the highest renter household size in the area is Raisinville township which depicts a renter household sizes of 3.6 (42.8% larger). 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 7% of the total and is ranked #1. Second, it has the largest proportion of owners moved in 2015 to 2016 at 13% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 24% of the total. Also, it has the largest proportion of owners moved in 1990 to 1999 at 20% of the total and is ranked #1. In addition, it has the smallest proportion of owners moved in 1989 or earlier at 12% of the total. Figure 39 shows the year that people who rent moved into the area. West Monroe CDP has the largest proportion of renters moved in 2017 or later at 28% of the total and is ranked #1. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 32% of the total and is ranked #2. The only larger place being Raisinville township with 58%. Third, it has the smallest proportion of renters moved in 2000 to 2009 at 1% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2006 which is the largest 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 shows it has a median year that a renter moved in of 2015 which is the highest of all places in the greater West Monroe CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 1% of the total.