Monroe, LA—71201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monroe, LA
As of Oct '25, the median home price in Monroe, LA is $209,000, with a year-over-year change of 1.2%. This indicates that home prices in Monroe, LA are increasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | 1.2% |
| Single Family | $212,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $120,000 | 0.8% |
3 Bed | $208,000 | 1.5% |
4 Bed | $328,000 | 1.2% |
| 5 Bed | $496,000 | -0.4% |
% of Housing Stock
Rental Trends — Monroe, LA
As of July '25, Rentcast reports the average rent in Monroe, LA is $1,380, with a year-over-year rent change of 35.3%. Per bedroom, the median rent as of July '25 in Monroe, LA is 1-bedrooms: $950, 2-bedrooms: $690, 3-bedrooms: $1,990, 4-bedrooms: $1,800. The most common rental property sizes in Monroe, LA are 2-bedroom and 3-bedroom, accounting for 36.8% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $950 |
| 2 Bed Rent | $785 | $690 |
| 3 Bed Rent | $1,800 | $1,990 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Monroe, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Monroe, LA is 69. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -5.0% |
Listing Count | 91 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 69 | 26.0% |
Demographics — Monroe, LA
As of the latest ACS Survey released in 2023, Monroe, LA has a population of 21,100, which has increased by 1.6% over the past 5 years. Monroe, LA is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 43.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | 1.6% |
% Under 18 | 24.9% | 7.8% |
% Seniors | 16.9% | -0.6% |
% WFH | 8.7% | 335.0% |
% w/ College Degree | 43.1% | -1.4% |
As of the latest ACS Survey released in 2023, Monroe, LA is a predominantly white area, with 57.2% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Monroe, LA is black, making up 34.7% of the population. Foreign-born residents account for 2.7% of the population in Monroe, LA, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.2% | -6.4% |
% Black | 34.7% | 4.2% |
% Hispanic | 2.6% | -7.1% |
% Asian | 2.3% | 91.7% |
% Foreign Born | 2.7% | -10.0% |
Mortgage and Risk — Monroe, LA
According to HUD data as of 2023, there were 268 mortgage originations in Monroe, LA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Monroe, LA. Investor activity is high, as 26.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 26.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Monroe, LA
As of 2024, the percent of homes in Monroe, LA under the Section 8 program is 11.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Monroe, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 937 |
Total Units Section 8 | 518 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $700 | $790 |
| 2 Bedroom | $245 | $785 | $1,030 |
| 3 Bedroom | -$480 | $1,800 | $1,320 |
| 4 Bedroom | -$430 | $1,800 | $1,370 |
Affordability — Monroe, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $209,000 |
| Median Household Income | $53,500 |