Special offer

Rental Report for Monroe New York - May 2008

By
Real Estate Agent with Keller Williams Realty

Monroe is a suburban community of Orange County New York, about 46 miles outside of New York City. With excellent commuter transit options, simple highway access to Westchester County and Northern New Jersey and world famous shopping, Monroe offers an ideal blend of convenience and comfort. The Capitol Region is about 2 hours away by car while Westchester is around 45 minutes and New York City is about an hour drive, depending on traffic.

The Monroe New York rental market has been heating up over the past few months as prospective home buyers look to renting in the area as a way to experience living in the suburbs without the long term commitment of home ownership. There are a variety of rentals to choose from too including month to month, 6 month, 12+ month and lease with option to purchase rentals.

Something to also consider when renting in the Monroe area is the style of home you would like to rent. Monroe is very diverse in its offering with lakefront rentals, townhouses and single family homes to name a few. You might even be surprised to know that the monthly rent for a lakefront home is similar to what you would pay to rent a single family home or townhouse in a gated community.

Without further ado, here are the rental statistics for May 2008, based on April 2008 data.

Number of Active Rentals: 18

Average Active Rental Price: $1,902 per month

Average Leased Rental Price:
$1,659/month

Average Leased Rental List Price: $1,684/month

Above data gathered using the GHVMLS and is deemed accurate but not guaranteed.

For more information on renting in Monroe New York please feel free to leave a comment, visit my site or call me toll free at 1-888-218-8468.