Your Monroe, NC Real Estate Questions Answered

Monroe, NC, is a vibrant and forward-thinking city in Union County that serves as the center of commerce, government, culture, and manufacturing. Located southeast of Charlotte, the city has seen significant changes in recent years, including new restaurants and shops, increasing visitors, and more community activities.

Get away from the city and enjoy the small-town charm of Monroe, NC. If you’re interested in living in Monroe, we have answers to your questions about the local real estate market.

What is the average price of a home in Monroe, NC?

In December 2021, the median list price for Monroe real estate was $335,167, a 29% year-over-year increase. Homes were typically on the market 14 days until sale. The monthly supply of inventory stood at half a month or two weeks.

There were 231 homes for sale in February 2022. The most expensive was for $2.99 million with 6-bedrooms, 4.5 bathrooms, and 8,316 square feet. The most affordable was $165,000 for a 2-bedroom 2-bathroom mobile home with 1,216 square feet. 

Are there any condos or townhomes available in Monroe, NC? 

Yes, you can find condo and townhome properties in Monroe. In February 2022, the highest-priced listing was $310,000 for a 3-bedroom, 3-bathroom townhome with 1,756 sq ft. The most affordable listing was $189,000 for 2-bedrooms, 1-bathroom, and 908 sq ft.

What is the property tax rate for Monroe, NC?

The City of Monroe charged a $0.5025 per $100 of assessed value property tax rate in 2021- 2022. Monroe is inside Union County, which last re-evaluated properties in 2021. The county charged $0.7309 per $100 for property taxes. Union County administers and collects taxes for the municipalities. You could have a special fire district tax if you live outside the city limits. 

What county is Monroe, NC in?

Union County is home to over 43,000 people. Union County is part of the Charlotte-Concord-Gastonia, NC-SC Metropolitan Statistical Area in the Piedmont region of North Carolina.

Union County is primarily agricultural, but it still offers many metropolitan conveniences like a commuter airport, shopping malls, and access to Charlotte. The unincorporated towns and villages sprinkled around the county offer a small-town feel. Many of these towns are continuing to grow and develop. The largest city in Union County is Indian Trail, followed by Monroe. Other cities include Stallings, Weddington, Waxhaw, Stanley, Wedgefield, and Marvin.

Today, Union County is growing with economic and industrial growth centered along the I-85 corridor between Monroe and Charlotte. Union County continues to attract new business development with its favorable tax structure, readily available workforce, interstate access, and central location. The companies include well-known brands like Corning, Teva Pharmaceuticals, Continental Tire North America (Charlotte), Veritiv paper distribution company (Indian Trail), Bayer CropScience, FedEx Freight (Monroe), and the Wells Fargo Home Mortgage Corporate Center.

Is Monroe, NC growing?

The US Census counted 34,562 residents in Monroe during April 2020. The number was just slightly up since 2010 when the Bureau counted 32,797 residents. It is growing at a rate of 0.35% annually.

What neighborhoods are in Monroe, NC?

The neighborhoods with the highest median list price were Crown Forest, Country Ridge, Price Mills, and Court Square. The most affordable communities were Medlin Farms, Wellington, Hampton Meadows, and Seven Oaks. 

Grayson is a single-family home neighborhood typical of Monroe. Homes date back to 2007, usually have 3-4 bedrooms and around two bathrooms. 

Potters Point has homes on more spacious lots, often 1-3 acres. The single-family homes typically had four bedrooms and three bathrooms. 

Ashley Woods is a more established neighborhood. Homes here have three bedrooms and one bathroom.

Lakeview Estates is another established neighborhood. Homes were constructed between 1970-1991 with three to five bedrooms. The homes can be on lots up to an acre. 

Are there any waterfront properties found in Monroe, NC? 

Yes, you can find waterfront properties, but there are not many. Your best bet is along Lake Twitty and around Lake Lee. Richardson Creek runs through part of Monroe and can be another location for waterfront properties. Dry Fork and Bearskin Creek are other possibilities for a property with a waterfront.

How is golf in Monroe, NC?

The Monroe Country Club is a municipal course. It offers 40 boxes, champion bermuda greens, two putting greens and practice green. Donald Ross designed the course in 1930. The subtle elevation changes allow golfers of all skill levels to test their skills. The Back 9 was added in 1980 and designed by Tom Jackson. 

Stonebridge Golf Club is another public course located in Monroe. Richard Osborne designed the course to take advantage of the natural landscape and the scenic views. 

Rolling Hills Country Club has been a private country club in Union County for over 50 years. The founders created the country club as a “meeting place for friends.” Rolling Hills is a family-focused golf and country club with tennis and dining amenities.

Another 22 golf courses are accessible within 20 miles of Monroe. 

Are there golf course communities in Monroe, NC? 

If you want to live close to a golf course or have golf course views, your best bet is Stonebridge. The community has a Monroe zip code, but it is closer to Mineral Springs. 

A few homes back up to the Monroe Country Club and Rolling Hills Golf Course. The homes are not part of a golf course community, though. 

What areas are near Monroe, NC?

The city is southeast of Charlotte and its rich selection of entertainment, dining, and retail venues. Charlotte Douglas International Airport is just under 20 miles northwest of downtown Charlotte.

Mineral Springs is a more recently incorporated town located between Waxhaw and Monroe. While its history dates back to the 18th century, it received its current name when a mineral spring was discovered in 1912. 

Indian Trail is a large town in Union County. It is known for being close to Charlotte, North Carolina, being named “Best Place to Live in America” by Money Magazine ten years running, and its large selection of activities for families. Indian Trail is just northwest of Monroe.

Union County shares its border with South Carolina. You can be in a whole other state within about a 20-minute drive, enjoying more outdoor recreation options.

Wilmington is about a three-hour drive from Monroe whenever you want a beach vacation. You can easily make a weekend trip to the Atlantic shoreline.

What to know about living in Monroe, NC

When you’re looking for a home, what do you want? For most people, it’s affordable and conveniently located. You’ll find both those things in Monroe, North Carolina. In Monroe, you’ll find more significant properties with less traffic and a more rural feel, as well as cheaper oversized lots compared to Charlotte. In some neighborhoods, homes are priced far below their Uptown counterparts.

If you’re looking at living in Monroe, contact a local real estate agent to find the right neighborhood for you.