Monroe, LA—71202
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 $52,000, with a year-over-year change of -19.4%. This indicates that home prices in Monroe, LA are decreasing. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $52,000 | -19.4% |
| Single Family | $52,000 | -18.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $34,000 | -24.4% |
3 Bed | $59,000 | -15.7% |
4 Bed | $81,000 | -15.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monroe, LA
As of July '25, Rentcast reports the average rent in Monroe, LA is $1,290, with a year-over-year rent change of 51.2%. Per bedroom, the median rent as of July '25 in Monroe, LA is 1-bedrooms: $760, 2-bedrooms: $2,040, 3-bedrooms: $818. The most common rental property sizes in Monroe, LA are 3-bedroom and 2-bedroom, accounting for 49.2% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $865 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $865 | $760 |
| 2 Bed Rent | $2,500 | $2,040 |
| 3 Bed Rent | $835 | $818 |
| 4 Bed Rent | N/A | N/A |
% 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 61. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $53,700 | -48.0% |
Listing Count | 14 | -40.0% |
| Listings as % of Homes | 0.1% | -40.0% |
Days on Market | 61 | -4.0% |
Demographics — Monroe, LA
As of the latest ACS Survey released in 2023, Monroe, LA has a population of 26,800, which has decreased by -9.8% over the past 5 years. Monroe, LA is a popular place for families, as children make up 30.5% of the population. The area has a poorly educated workforce, with 10.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | -9.8% |
% Under 18 | 30.5% | 10.1% |
% Seniors | 13.8% | 26.6% |
% WFH | 4.4% | 633.3% |
% w/ College Degree | 10.9% | 49.3% |
As of the latest ACS Survey released in 2023, Monroe, LA is a predominantly black area, with 84.0% of the population identifying as black. The black population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Monroe, LA is white, making up 11.0% of the population. Foreign-born residents account for 0.6% of the population in Monroe, LA, and this percentage has increased by 200.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 11.0% | -16.7% |
% Black | 84.0% | -2.4% |
% Hispanic | 2.4% | 200.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.6% | 200.0% |
Mortgage and Risk — Monroe, LA
According to HUD data as of 2023, there were 94 mortgage originations in Monroe, LA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Monroe, LA. Investor activity is high, as 40.0% 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 | 94 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 40.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Monroe, LA
Monroe, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2,355 |
Total Units Section 8 | 1,317 |
% Rentals under Section 8 | 26.5% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$165 | $865 | $700 |
| 2 Bedroom | -$1,600 | $2,500 | $900 |
| 3 Bedroom | $325 | $835 | $1,160 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Monroe, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $52,000 |
| Median Household Income | $26,900 |