ACS 2023 · HUD FY2027 · 7 ZCTAs with ACS
Monroe apartment-building stock & renter economics
Monroe apartment pages lead with 5–49 and 50+ unit stock, LIHTC, HUD-assisted multifamily, and allocated 5+ permits. 2-unit stock lives on the duplex page.
7 ZCTAs · 7 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.
- Population
- 100,695
- Households
- 36,905
- Housing units
- 40,483
- 5–49 unit stock
- 5,913
- 50+ unit stock
- 1,338
- Median renter share
- 26.5%
- ACS median rent
- $1,224
- Contract rent
- $972
- 1BR SAFMR
- $1,140
- 2BR SAFMR
- $1,240
- SAFMR / ACS rent
- 1.20×
- Vacancy (ACS)
- 10.2%
- Pop Δ 2018–2023
- +10.3%
- Median HH income
- $82,566
- Rent burden ≥30%
- 44.0%
- Rent burden ≥50%
- 19.9%
- LIHTC projects / units
- 14 / 1,336
- HUD assisted MF
- 5 / 138
- Alloc. 5+ permits
- 239
LIHTC and HUD-assisted counts are inventory of record in these ZCTAs: typically 5+ unit buildings, not duplexes. 5+ permits are county BPS allocated by ZCTA housing-unit share.
Georgia ZIP housing directory·All Georgia ZCTAs·SAFMR directory·Voucher Spread™
ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.
Apartment Buildings for Sale in Monroe
5+ unit product is scarce in smaller Georgia cities. Empty here does not mean empty in the county. Use the Georgia apartments collection for the full 5–50+ unit FMLS set. Monroe is Walton east-of-Atlanta pricing. Thin live set. Jeff Crowe CRE (Georgia license 355533, Century 21 The Avenues in Calhoun) represents buyers and sellers of this inventory.
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Run the numbers on Monroe apartment buildings
Apartment buildings trade on income. Start with the multifamily cap rate calculator to check the ask against NOI, test the loan with the DSCR and cash-on-cash calculator, and price per door on the apartment building value calculator.
Know the terms first:apartment cap rates in Georgiaapartment building DSCR loan guidenet operating income explainedmultifamily pro forma and T-12 guidecash-on-cash return guidegross rent multiplier explainedapartment building loans explainedOpportunity Zone tax benefits explained
- Cap rate · NOIcap rate and NOI calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR · Cash-on-cash · Cash flowmultifamily deal analyzerRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
- GRM · Price per unit · Income approachGRM and price per unit calculatorIncome-approach value, price per door, and GRM with a cap rate sensitivity.
- Debt service · Balloon · Commercial mortgagecommercial loan balloon calculatorMonthly payment, annual debt service, and the balloon on a commercial loan.
- IRR · Equity multipleIRR and equity multiple calculatorLevered IRR and equity multiple from cash flow growth and an exit cap.
- 1031 exchange · Boot1031 boot calculatorDeferred gain, cash and mortgage boot, minimum replacement price, 45 and 180 day clock.
- Opinion of valuefree multifamily valuationOwn a building? Get a broker opinion of value built from your rents and comps.
- LIHTC · Rent limits · Tax creditsLIHTC rent limits by Georgia countyGeorgia LIHTC rent caps by county and AMI tier, plus annual credits and equity from eligible basis.
Screening estimates only. Confirm rents, expenses and loan terms with a T-12, rent roll and lender quote.
Also browsing commercial buildings? See commercial properties for sale in Monroe.
How Monroe apartment buildings get financed
Five units and up is commercial lending: a bank, credit union or agency lender sizes the loan to the building's rent, not your W-2. Most want the net operating income to cover the payment at least 1.25 times, which is the test in our DSCR loans for apartment buildings guide. Down payments, terms and recourse by lender type are in apartment building financing in Georgia, and you can price the payment and any balloon on the apartment loan payment calculator.
- Selling a rental to buy bigger? Run the 1031 exchange into an apartment building numbers: deferred gain, boot and the 45 and 180 day clock.
- Looking at income-restricted units? Check county rent caps with the Georgia LIHTC rent limit calculator before you trust a rent roll.
- Holding ten years or more? See Opportunity Zone apartment buildings for listings in designated tracts.
- Benchmarking Monroe? Compare rents and price per door with apartment buildings for sale in Atlanta and statewide apartment buildings for sale in Georgia.
- Converting instead of buying stabilized? Some buyers turn former churches for sale in Georgia into apartments, with a rezoning and a construction loan.
- Spreading money across property types? Compare apartment cap rates with commercial properties for sale in Georgia, where lease length and tenant credit drive the price.
Send me the address or the listing and I will run the debt with you: what a lender will likely size, what you bring to closing, and where the deal breaks. Ask about a building.
Multifamily alerts
Get new multifamily listings by email
Duplex, triplex, fourplex, and apartment listings in Monroe from live FMLS. Tell us what you are after and we will email you when new matching listings hit FMLS.
- New matching FMLS listings by email
- Your criteria reviewed by Jeff Crowe, CENTURY 21 The Avenues
- Starts with Monroe; change types, markets or frequency any time
Frequently Asked Questions: Monroe Apartment Buildings
How do you finance an apartment building in Monroe?
Five or more units is commercial lending, so a bank, credit union or agency lender sizes the loan to the building's net operating income rather than your personal income. Most want the NOI to cover the annual payment at least 1.25 times. We model 30% down on a 25-year amortization; terms of 5 to 10 years with a balloon are common at banks, while agency loans can run longer. Price the payment and balloon on the amortization calculator, and send me the listing if you want the debt sized before you offer.
Can I use a 1031 exchange to buy an apartment building in Monroe?
Yes. If you sell investment real estate, such as a rental house, duplex or commercial building, you can defer the capital gains tax by buying an apartment building of equal or greater value through a qualified intermediary. You have 45 days from the sale to identify the replacement and 180 days to close, and cash you take out or debt you do not replace is taxable boot. Line up the apartment search before you list the property you are selling, and confirm the plan with your tax advisor.
Are there apartment buildings for sale in Monroe?
This page is the live FMLS Residential Income set for apartment buildings in Monroe. Counts change with the MLS feed. If inventory is thin, open the statewide Georgia apartment buildings collection or the county page for a larger sample.
How does Monroe compare to Georgia overall for apartment buildings?
Use the statewide inventory at /multifamily-for-sale/georgia/apartments for the full Georgia apartment buildings set, then compare $/door and published cap estimates against this city. Smaller markets often have one or two live listings; that is not a full comp set.
Do apartment buildings in Monroe still qualify for residential financing?
5+ unit buildings are typically treated as commercial. Confirm DSCR, reserves, and lender appetite before you underwrite a residential close.
Why is the estimated cap rate missing on some Monroe listings?
Yields on this site are independent screening models, not MLS fields. A listing is left out of the cap sample when we cannot publish a number. That is not a zero cap: pull the rent roll.
Looking for apartment buildings in Monroe?
Send Jeff your criteria and get new matching listings plus local help screening them.
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