Monroe, LA—71203
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 $181,000, with a year-over-year change of -0.2%. This indicates that home prices in Monroe, LA are flat. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | -0.2% |
| Single Family | $181,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $83,000 | 0.0% |
3 Bed | $177,000 | 0.6% |
4 Bed | $290,000 | 2.5% |
| 5 Bed | $416,000 | 2.2% |
% of Housing Stock
Rental Trends — Monroe, LA
As of July '25, Rentcast reports the average rent in Monroe, LA is $1,240, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Monroe, LA is studios: $450, 1-bedrooms: $1,020, 2-bedrooms: $876, 3-bedrooms: $1,280, 4-bedrooms: $2,060. The most common rental property sizes in Monroe, LA are 2-bedroom and 3-bedroom, accounting for 38.8% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,240 |
| Studio Rent | $450 | $450 |
| 1 Bed Rent | $750 | $1,020 |
| 2 Bed Rent | $800 | $876 |
| 3 Bed Rent | $1,220 | $1,280 |
| 4 Bed Rent | $1,800 | $2,060 |
% 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 58. This is a decrease of -14.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | -8.0% |
Listing Count | 120 | -2.0% |
| Listings as % of Homes | 0.4% | -2.0% |
Days on Market | 58 | -14.0% |
Demographics — Monroe, LA
As of the latest ACS Survey released in 2023, Monroe, LA has a population of 38,800, which has remained stable by -0.8% over the past 5 years. Monroe, LA is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | -0.8% |
% Under 18 | 23.8% | -7.4% |
% Seniors | 13.7% | 11.4% |
% WFH | 10.7% | 189.2% |
% w/ College Degree | 31.5% | 9.8% |
As of the latest ACS Survey released in 2023, Monroe, LA is a predominantly black area, with 47.8% of the population identifying as black. The black population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Monroe, LA is white, making up 45.0% of the population. Foreign-born residents account for 2.7% of the population in Monroe, LA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.0% | -2.4% |
% Black | 47.8% | 1.9% |
% Hispanic | 2.7% | -15.6% |
% Asian | 1.3% | -31.6% |
% Foreign Born | 2.7% | 0.0% |
Mortgage and Risk — Monroe, LA
According to HUD data as of 2023, there were 567 mortgage originations in Monroe, LA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Monroe, LA. Investor activity is high, as 17.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 567 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 17.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Monroe, LA
As of 2024, the percent of homes in Monroe, LA under the Section 8 program is 14.8%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Monroe, LA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,282 |
Total Units Section 8 | 987 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $750 | $810 |
| 2 Bedroom | $250 | $800 | $1,050 |
| 3 Bedroom | $130 | $1,220 | $1,350 |
| 4 Bedroom | -$410 | $1,800 | $1,390 |
Affordability — Monroe, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $181,000 |
| Median Household Income | $46,800 |