The story of this market
The typical home in ZIP 48162 sells for about $235,000, or $168 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 48162 — Monroe
The housing market in 48162 remains stable with modest price appreciation and low inventory levels. Demand is supported by local employment in the energy and healthcare sectors, though affordability remains a factor for some buyers. The market is currently balanced, with steady sales activity and limited new construction.
This ZIP is well-suited for families and local workers seeking affordable housing options with proximity to both Detroit and Toledo employment corridors.
Median prices moved up 2.2% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48162, Monroe County MI
Crime rates in Monroe (48162) are generally consistent with regional averages for small industrial-adjacent cities in Southeast Michigan, with property crime being the primary concern.
Schools serving the area are primarily part of Monroe Public Schools, which maintain a mix of ratings reflecting the diverse socioeconomic landscape of the city.
The area faces moderate flood risk due to its proximity to the River Raisin and Lake Erie, requiring flood insurance for properties in designated low-lying zones.
Economic momentum is tied to the manufacturing and energy sectors, with ongoing efforts to revitalize the downtown riverfront area and attract small-scale commercial investment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Commuters primarily utilize I-75 to reach employment hubs in Detroit to the north or Toledo to the south, with average commute times reflecting a regional workforce.
The area features access to the River Raisin National Battlefield Park, several local community parks, and proximity to Lake Erie for boating and fishing.
The rental market is characterized by steady demand from local workers, with limited new supply keeping vacancy rates relatively low.
The economy is anchored by manufacturing, healthcare, and energy production, with major employers including DTE Energy and local health systems.
Transportation is heavily reliant on personal vehicles, with I-75 serving as the primary artery for regional connectivity.
Planning efforts are focused on urban infill and the preservation of historical districts near the city center.
The Monroe County Equalization Department oversees assessments, ensuring properties are valued according to state-mandated formulas.
Parcels are subject to standard school district millages and local municipal service districts.
Property insurance premiums are influenced by regional weather patterns and proximity to flood-prone areas near the lake.
Michigan has seen modest net domestic migration, with Monroe County experiencing stable population trends.
Michigan operates as a non-judicial foreclosure state, with specific notice periods and redemption rights for homeowners.
Sellers are required to provide a comprehensive Seller's Disclosure Statement covering the condition of the property at the time of sale.
Data retrieved from data.census.gov using ZCTA 48162 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A significant historical site offering trails and educational programs.
The only state park on Lake Erie in Michigan, offering beach access and camping.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.