Monroe, NC, population around 32,000, is located roughly 25 miles southeast of Charlotte on highway 74. The county seat of Union County, Monroe has benefited greatly from Charlotte’s rapid economic development as well as those looking to escape the hustle and bustle of the big city. Monroe’s population has grown by almost 50% in the last ten years, increasing the number of new businesses, hotels, restaurants and investments in Union County, especially along highway 74 through Monroe. Growth has had a positive influence on the value of Monroe, NC real estate over the past decade.
Monroe’s beautiful, classic downtown with its tree lined streets, quaint shops, historic buildings and genuinely laid back atmosphere, has only benefited from the new activity along the highway bypassing it. The centerpiece of downtown Monroe is its beautifully preserved circa 1843 original courthouse building.
The historic residential neighborhoods surrounding downtown are being revived and renovated by confident investors. Monroe’s inventory of grand historic homes is remarkable. Downtown Monroe and the surrounding residential streets are a great place to take a walk. The town has a daily farmer’s market, plenty of downtown shopping, and many festivals and events happening on their streets.
When it comes to housing, Monroe, NC is very affordable and literally has something for everyone. Single-family homes, townhouses, condominiums, apartments, multi-family housing, manufactured housing, farmland and plots of land to build on are all available.
When looking for housing, you’ll find that three bedroom single-family homes are the most common type of housing on the Monroe market with the median age of the local housing stock being only about 23 years old suggesting a lot of newer housing on the market, it is also a lot cheaper to get a home warranty plan from companies like First American for small houses.
The median home value in Monroe, NC is approximately $125,900 with an average home size of 1489 square feet. Overall, the median property tax bill in Monroe is about $1400 per year which is a few hundred dollars less than what you’d find in nearby Charlotte, NC.
Nearby Cane Creek Park is a popular outdoor destination and a place you can enjoy hiking, biking, fishing and horseback riding. Monroe is also home to several quality public and private golf courses, and it is not far from the equestrian communities of Mineral Springs, Waxhaw, and Western Union County.
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