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Monroe County, Michigan

Mortgage Broker in Monroe Township, MI

Mortgage broker Monroe Township MI: the charter township south of the City of Monroe, with its own assessor, two school districts and 14,345 residents in the ACS 2020 to 2024.

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What should you know before buying a home in Monroe Township?

Monroe Township, a charter township in Monroe County, is home to about 14,345 residents in the Census Bureau's 2020 to 2024 American Community Survey (14,391 in the 2020 census) across about 17 square miles of land. Monroe Township is a separate unit of government from the City of Monroe: the two share ZIP codes, but each has its own assessor and tax rates, so a Monroe mailing address alone does not say which one taxes the home. Downtown Toledo is about 17 miles southwest in a straight line, and downtown Detroit is about 36 miles northeast in a straight line.

By the numbers

What do the numbers say about Monroe Township housing?

Values move. Treat these as orientation and let us pull current figures for the address you are considering.

$187,000

Typical home value, from the market research on this page

+32%

Typical rise in taxable value the year after a home sells, 2026 Uncapping Study

1

Residential ZIP code: 48161

What does financing look like in Monroe Township?

Monroe Charter Township is a one-mile-south neighbor of the City of Monroe. The ACS 2020 to 2024 profile puts the median owner value at $187,200 across 4,930 owner occupied homes, with a median gross rent of about $1,021. Block groups range from about $136,600 near Township Hall to about $367,300 around Carrington. For a mortgage broker Monroe Township MI search, the useful difference is that a broker can compare multiple wholesale lenders on one file. Most purchases here sit well inside the 2026 conforming limit of $832,750, so conventional, FHA, VA and USDA loans are all worth comparing (the USDA eligibility check reads an address, and the VA explains its benefit), and FHFA and HUD publish the official limits. FHA also keeps county limits, with $541,287 as the figure we reference, and our loan limits tool shows Monroe County's. The Michigan State Housing Development Authority lists assistance of up to $10,000 and a purchase price limit of $566,355 on its programs, and our HomeReady page covers a low down payment conventional option. The latest Treasury table as of November 2026 is the 2025 one, and rates are updated each year.

Three local items affect the loan. First, a manufactured home or a home in a park changes the program and the appraisal, and the township treasurer collects specific mobile home taxes. Second, address-level checks matter: the FEMA map for flood zones, the county health department for wells and septic, and the township assessor for the district and taxable value. Third, the Michigan tax reset. The year after a sale, taxable value resets to half of the assessor's market value, not automatically half of the price. We run the numbers with your actual taxes and insurance before you write an offer. The affordability calculator, mortgage calculator, budget review and rent versus buy tool help before that, and closing costs are worth reading about. Start with the property tax calculator, the down payment assistance page or the calculators page. Samantha Shelton (about Samantha, reviews) is a Michigan broker, and our Michigan page and the Frenchtown Township page cover the neighboring areas. Check a Loan Estimate against the CFPB's explainer and our PMI removal calculator if mortgage insurance applies. Well water matters for value too, see how well water affects a home's value, and a seller can try the seller net sheet.

Two school districts tax homes in Monroe Charter Township, and Michigan Treasury's 2025 table sets their homestead rates 0.1404 mills apart, 28.7141 for Monroe Public Schools and 28.8545 for Ida, which is about $14 a year per $100,000 of taxable value.

The market

What is the Monroe Township housing market like?

The Census Bureau's American Community Survey puts the median owner-occupied home value in Monroe Township near $187,200, across about 4,930 owner-occupied homes, with a median year built of 1979. The typical home value in Monroe Township is near $187,000. Homeowners pay a median of about $2,348 a year in property taxes, an effective rate of about 1.25% of the median value.

Township or city

Which Monroe parcels are township parcels?

The township sits about one mile south of the City of Monroe, according to its 2015 master plan. The two share the Monroe name and ZIP code 48161, but they are separate governments. The township's online tax portal and assessor answer which one a parcel belongs to.

Which Monroe addresses are in the township?

Only the parcel record answers it. The township's online tax portal and the assessor can tell you, and the Census Bureau counts 14,345 residents in the township itself. A township parcel is taxed by the township, a city parcel by the city.

How big is the township?

About 17 square miles of land, running from the Custer Road area north of M-50 down to Lake Erie at Bolles Harbor. The ACS counts 6,374 homes, of which 4,161 are detached houses, 1,119 are manufactured homes and about 810 sit in multi-unit buildings.

What mix of homes does the township have?

Roughly 80% of occupied homes are owner occupied, 4,930 of 6,161 in the ACS 2020 to 2024. About 1,181 homes were built in the 1990s, the largest decade, with another 867 from 2000 to 2009 and 524 from 1939 or earlier.

Where to look

Which neighborhoods make up Monroe Township?

Bolles Harbor and LaPlaisance Road

The largest block group in the township, Census block group 325001, runs down toward Lake Erie and covers about 4.9 square miles of land. The American Community Survey (ACS) 2020 to 2024 puts its median owner value near $185,300 (margin of error about $25,400) and its median year built at 1986. About 1,666 of its 2,184 homes are owner occupied, and 629 are manufactured homes. OpenStreetMap places Trout's Yacht Basin and Piper Cove Marina along this stretch.

Carrington Farms and Sweet Briar

Block group 324004 covers about 2.1 square miles and carries the highest ACS median owner value of any block group listed here, near $367,300 (margin of error about $23,800), with a median year built of 1995. About 322 of its 354 homes are owner occupied and 331 are detached houses. OpenStreetMap shows the Carrington Farms and Sweet Briar subdivisions and Carrington Golf Club here. Homes at this level are the ones most likely to need a closer look at the loan limits page.

West Dunbar Road and Telegraph Road

Block group 324003, about 2.9 square miles, shows a median owner value near $315,700 (margin about $27,500) and a median year built of 2001, the newest median in this list. The ACS counts 654 owner occupied homes out of 676, and 604 of the homes are detached. Newer construction here means a different inspection list than the 1940s homes closer to the river, and often a lower maintenance estimate in the first years.

Albain Road and Custer Elementary

Block group 324002 spans about 2.6 square miles south of Dunbar Road. The ACS reports a median owner value near $305,900 with a wide margin of error of about $40,000, a median year built of 1978 and 287 owner occupied homes out of 352. Custer Elementary, a Monroe Public Schools building, sits on West Albain Road. The township's 2015 master plan describes Albain Road as the one major corridor without sewer and water service, so confirm well and septic status address by address.

South Dixie Highway apartments

Block group 324001 covers about 0.4 square miles along South Dixie Highway and holds 633 homes, of which 362 are in buildings with two or more units. The ACS shows 300 owner occupied homes, a median year built of 1974 and a median owner value near $199,300, but the margin of error is about $71,200, so treat that value as a rough marker. Condominium and multi-unit purchases here follow different lender rules than a detached house.

West Monroe and Evergreen Acres

Two small block groups, 323001 and 323005, hold manufactured homes almost entirely: the ACS counts 314 of 333 homes and 116 of 123 homes as manufactured, with a median year built of 1992 and 1993. OpenStreetMap labels the area West Monroe, and the township's 2015 master plan lists the Evergreen Acres picnic area as township property. Whether the lot is owned or leased changes the loan options, so ask early.

Waterloo Park and Custer Road

Block group 323003 covers about half a square mile and has a median year built of 1945. The ACS puts the median owner value near $159,600 (margin about $10,500), with 436 owner occupied homes out of 492, all of them detached. Waterloo Park, a 9-acre Monroe County park, and Waterloo Elementary on South Custer Road are in this part of the township.

Township Hall and Evergreen Drive

Block group 323002 is about 0.4 square miles around East Dunbar Road, where Monroe Charter Township Hall stands at 4925 East Dunbar Road. The ACS reports 167 owner occupied homes out of 261, a median year built of 1964 and a median owner value near $136,600, with a wide margin of about $33,100. The township lists Redeemer Fellowship Church at 5305 Evergreen Drive as the polling place for precincts 1 and 2 in the November 3, 2026 general election.

South Monroe Street corridor

Block group 322001 sits along South Monroe Street, with about 549 homes, 315 of them owner occupied. The ACS median owner value is near $137,400 (margin about $15,000) and the median year built is 1953. OpenStreetMap lists Kroger, CVS and Dollar General on this road, a few minutes from downtown Monroe. The block group is small enough that a street on one side may be township and the next street city.

Eastwood Drive and South Monroe Street, south side

Block group 322002 is about 0.2 square miles. The ACS shows a median owner value near $199,100 (margin about $14,800), a median year built of 1956, and 354 owner occupied homes out of 402, with 333 detached. It borders the corridor above, and its homes were mostly built in the same decade as many Monroe city homes, so the parcel record is the only reliable way to know which government taxes a given house.

Dixie Highway near the city line

Block group 320002, about 0.6 square miles, has the oldest median year built in this list, 1938. The ACS reports 201 owner occupied homes out of 381, 172 homes in multi-unit buildings and a median owner value near $157,600 (margin about $9,900). Older homes like these reward a careful inspection and an early look at the roof, wiring and foundation before an offer is final.

Schools and commute

Schools

Monroe Charter Township is served by two public school districts. By a sample of the Census Bureau's 2025 boundary files, about 92% of the township's mapped area falls in Monroe Public Schools and about 8% in the Ida Public School District. The township's 2015 master plan reports that the high school and two elementary schools inside the township, Monroe High School, Custer Elementary and Waterloo Elementary, belong to Monroe Public Schools. Michigan Treasury's 2025 Total Rates table lists a homestead rate of 28.7141 mills for Monroe Public Schools parcels and 28.8545 for Ida parcels, and non-homestead rates of 46.7141 and 46.8545. That is a gap of 0.1404 mills, about $14 a year for each $100,000 of taxable value, so the district matters more for the school itself than for the tax bill in 2026. School district lines follow the parcel, not the mailing address, so ask the assessor for the district code of the exact home.

Commute

Three north and south routes cross Monroe Charter Township: Interstate 75, US-24 (South Telegraph Road) and M-125 (South Dixie Highway), with M-50 running east and west to US-23 and Dundee, according to the township's 2015 master plan. From Township Hall at 4925 East Dunbar Road, OpenStreetMap-based routing without traffic gives about 6 minutes to downtown Monroe (2.8 miles), 8 minutes to ProMedica Monroe Regional Hospital and to Monroe County Community College (3.7 miles each), 29 minutes to downtown Toledo, 40 minutes to Detroit Metro Airport and 53 minutes to downtown Detroit or Ann Arbor. In the ACS 2020 to 2024, about 61% of the township's 6,011 workers commute under 30 minutes and about 21% travel 45 minutes or more. Local employers named by the township and OpenStreetMap include Monroe Public Schools, Monroe County government (the health department is on South Custer Road), Monroe County Community College and the regional hospital.

Day to day

Living in Monroe Township

Parks, errands, events and seasons, taken from the township's recreation page, Clean-Up Day page and fire department page, the Monroe County parks and library pages, the River Raisin National Battlefield Park, the Monroe County Fair, Michigan DNR boating access and OpenStreetMap. Condo rules are in the condominium financing guide.

Parks and places to go

The township's 2015 master plan lists Monroe Charter Township Park (volleyball courts, a playground, nature trails, ball fields, a nature center and a fish pond) and Evergreen Acres picnic facilities. The township recreation page lists Custer Ball, CampKids and the Nature Center. Waterloo Park is a 9-acre Monroe County park with ball fields, shelters and river access, open April through October. River Raisin National Battlefield Park is in Monroe nearby.

Errands close to home

OpenStreetMap lists Kroger, CVS and Dollar General on South Monroe Street and Family Dollar on South Dixie Highway. The Ellis Reference and Information Center of the Monroe County Library System is on South Custer Road, and the Monroe post office is on North Monroe Street in the city. South Telegraph Road and South Dixie Highway are the main shopping corridors, according to the township's master plan.

City-run events and farmers markets

The township's Clean-Up Day page says it normally holds two a year, on the third Saturday in May and October, and the 2026 dates were May 16 and October 17, 9 a.m. to 3 p.m., at the rear lot of 4925 East Dunbar Road. The fire department page says an open house is held in October. The Monroe County Fair is held in August on the county fairground.

What each season means for a homeowner

Township yard waste curbside pickup runs April 1 through November 30, according to the clean-up page. Summer tax bills are payable July 1 to September 14 and winter bills December 1 to February 14. Special assessments ride on winter bills. Boating runs through Michigan DNR boating access sites and harbors such as Bolles Harbor, with Trout's Yacht Basin and Piper Cove Marina listed in OpenStreetMap.

Which kind of home are you after?

Harbor area: the Bolles Harbor block group has a 1986 median year built and a $185,300 median owner value. Newer homes: Carrington (1995) and West Dunbar (2001). Older in town: Waterloo (1945) and South Monroe Street (1953). Acreage: confirm well and septic on Albain Road. Manufactured: the West Monroe area. Condominium or multi-unit: each follows its own loan rules.

Michigan property taxes

What will my property taxes be after I buy in Monroe Township?

The year after a Michigan home sells, its taxable value resets to half of the assessor's market value, so the seller's tax bill is not your tax bill.

In Monroe Township, our 2026 Uncapping Study found taxable value typically rises about 32% the year after a sale. On a $175,000 home, near the typical Monroe Township value, the first-year tax goes up roughly $610 at the Monroe schools rate most homes here pay. We build your payment on that post-sale number.

Looking at a Monroe Township address? Our Michigan property tax calculator finds that property's published 2025 millage and works out the tax to plan for after you buy.

In Samantha's words

County alone does not tell you much. We would never say you are in a particular county so here are your taxes. It does not work like that. We need the actual property.

Taxes by district

What would the tax planning number look like?

Samantha plans high on purpose. Her planning number is half the price times the homestead millage, and it is a planning number, not what the law sets. Rates are Michigan Treasury's 2025 homestead rates for Monroe Charter Township. The Michigan property tax calculator uses the exact rate for an address, and the state property tax pages and transfer tax calculator cover the rest.

What is the planning number on a $187,000 home?

Half the price is $93,500. At the Monroe Public Schools rate of 28.7141 mills that is about $2,685 a year, and at the Ida rate of 28.8545 mills about $2,698. The ACS median for township homeowners is about $2,348, which reflects capped taxable values.

What changes on a $250,000 or $300,000 home?

On $250,000, half is $125,000, so about $3,589 with Monroe Public Schools and $3,607 with Ida. On $300,000, half is $150,000, about $4,307 and $4,328.

What if the home is not my principal residence?

Treasury's non-homestead rates are 46.7141 mills (Monroe Public Schools) and 46.8545 (Ida), 18.0000 mills higher than homestead. File the principal residence exemption, which the township assessor processes.

Local resources

Check Monroe Township records yourself

The official offices behind the tax and school details on this page.

What our clients say

5.0 on Google across 123 reviews

★★★★★
Samantha Shelton is amazing!! She helped me get into my first home in Ferndale. The closing process was easy I was able to take care of everything without taking a day off of work. Being a first time homebuyer was stressful but she provided clear communication and true experience guidance throughout the entire process
Jeffery HolleyFebruary 2026
★★★★★
Can’t say enough great things about Samantha and her team at Align Lending! Highly recommend
Justin BartonJune 2024
★★★★★
As a first-time homebuyer in Ferndale, I was unsure of some things. Samantha was awesome. She was extremely helpful and made sure I understood every part of the process.
Peter RosaAugust 2026
★★★★★
Want to shout out Samantha for the expert guidance, made my first-time homebuyer experience seamless! It exceeded expectations and was a stress free process throughout. Grateful for all your help and loving my new home in Bloomfield Hills!
MichaelJuly 2026

Individual experiences. Results vary.

Monroe Township mortgage questions

If yours is not here, ask it on the call. There are no dumb questions.

Is a Monroe, MI 48161 mailing address in the township or the city?

It can be either. The township and the City of Monroe share the Monroe mailing name, so the address alone does not say which government taxes the home. Look up the parcel on the township’s online tax and assessing portal or call the assessor at 734-241-8001, and see our page for the City of Monroe if the parcel turns out to be inside the city. The two units have separate assessors and tax rates.

Two districts reach the township. By a sample of the Census Bureau’s boundary files, about 92% of the township’s mapped area lies in Monroe Public Schools and about 8% in the Ida Public School District. Michigan Treasury’s 2025 table lists homestead rates of 28.7141 mills for Monroe and 28.8545 for Ida, so the district shows up on the tax bill. Ask the assessor to confirm the district code for the parcel before you count on either.

The township assesses its own property. The assessor’s office is open Monday to Friday, 8:30 a.m. to 4:30 p.m., at 734-241-8001. It also processes property transfer affidavits, which the township says must be filed within 45 days of a transfer, and principal residence exemption forms. The treasurer’s office at 734-241-6575 collects the bills. For general questions the township hall number is 734-241-5501.

The township’s 2015 master plan says the central water system can serve almost all property, supplied through the City of Monroe’s water plant, and that Albain Road was then the one major corridor without sewer and water. Sewage goes to the regional system the City of Monroe operates. Check the specific address with the Monroe County Health Department if a well or septic tank is involved, and read our guide to buying a home with a septic system. Confirm current service for the address in 2026.

Only if the specific address sits in a FEMA high-risk flood zone and the loan is federally backed. Look the address up on FEMA’s Flood Map Service Center early in your search, because a lender will order its own determination at underwriting. The township has a floodplain management ordinance, Ordinance 139, listed on its ordinances page. Our guide to buying a home in a flood zone explains the steps.

The township treasurer lists summer taxes as payable from July 1 to September 14 and winter taxes from December 1 to February 14, and paying inside those windows avoids the late charges the treasurer lists for payments after them. Unpaid real property taxes after February 28 pass to the Monroe County Treasurer. Special assessments are placed on winter bills. Details are on the treasurer’s page.

Often, yes, depending on the home and the land. The ACS counts about 1,119 manufactured homes among the township’s 6,374 housing units, roughly 1 in 6. Lenders look at whether the home is on a permanent foundation, whether you own the land and the home’s age, and a home in a park is taxed differently, since the township treasurer collects specific mobile home taxes. See our manufactured home loans page and the manufactured home guide.

From the township hall on East Dunbar Road, OpenStreetMap-based routing without traffic gives about 29 minutes to downtown Toledo (20.4 miles), 53 minutes to downtown Detroit (40.7 miles) and 53 minutes to Ann Arbor (38.9 miles). Detroit Metro Airport is about 40 minutes (28.7 miles). Interstate 75, US-24 (Telegraph Road) and M-125 (South Dixie Highway) all cross the township, according to its master plan. Rush hour adds time, and the SEMCOG community profiles carry regional commute data.

Before you offer

Things to settle on a Monroe Township house

A short list to run through with the parcel record in hand, from the township portal. The City of Monroe page, the city's water and sewer page, the loan programs page and the Loan Estimate check cover the rest.

Is it a township parcel or a city parcel?

Check the township portal first. If the home is in the city, the city's own records and rates apply instead.

Is the address on central water and sewer?

The township's master plan says central water reaches almost all property, supplied from the City of Monroe water plant, and sewage goes to the regional system. Confirm for a rural address.

What does the loan need for this kind of home?

A detached house, a condominium and a manufactured home each follow different rules. Compare options on the loan programs page and use the Loan Estimate check once you have offers.

Talk with a local mortgage expert

Tell Samantha what you are trying to do in Monroe Township and she will tell you what actually matters for your situation, including whether the timing is right.

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    Tell us what you are trying to do

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    Samantha looks at your situation

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    You leave with a plan

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Sources

Where do the Monroe Township figures on this page come from?

34 sources behind the Monroe Township figures above, every link checked November 2026.

Align Lending LLC, NMLS #2041154. Samantha Shelton, NMLS 1647301. Equal Housing Opportunity. Licensed in Michigan, Ohio, North Carolina, Florida, Louisiana and Texas. Figures on this page are market research for orientation, not a quote. This page is for educational purposes only. It is not a credit decision, a preapproval, a commitment to lend, or an offer of credit.

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