Monroe Metro Area, LA Housing

The housing market in the Monroe, LA Metro Area is strong. The median value of homes in this area is $151,300 compared to the national average of $338,100. In addition, there has been an 8.62% appreciation rate for homes in the area over the past year compared with a national average of 8.27%. This shows that housing prices are on the rise and may continue to increase as demand and interest remain high.

The median home cost in Monroe Metro Area is $151,300. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Monroe Metro Area is up 10.1%.

Average Age of Homes

- The median age of Monroe Metro Area real estate is 38 years old

The Rental Market in Monroe Metro Area

- Renters make up 32.4% of the Monroe Metro Area population
- 3.7% of houses and apartments in Monroe Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Monroe, Louisiana	United States
	92,130.0	139,647,020.0
	40	42
	$151,300	$338,100
	10.1%	16.6%
	24.0%	57.0%
	40.8%	101.1%
	$4.87	$10.98
	$636	$2,690
	51.7%	57.4%
	18.2%	11.2%
	30.2%	31.4%
Vacant Housing
	3.7%	1.9%
	0.3%	0.4%
	0.8%	0.7%
	1.1%	0.4%
	1.9%	3.6%
	10.4%	4.1%
Value of Owner-Occupied Housing
	6.6%	2.6%
	6.3%	2.4%
	6.5%	2.8%
	9.8%	3.9%
	7.2%	4.5%
	16.5%	11.3%
	15.8%	13.0%
	18.3%	20.1%
	6.7%	13.6%
	3.0%	8.3%
	1.7%	9.7%
	0.8%	3.9%
	0.4%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.0%	13.6%
	14.0%	13.6%
	14.6%	13.6%
	14.2%	13.2%
	19.2%	14.8%
	14.6%	13.6%
	9.3%	10.0%
	3.6%	4.7%
	3.1%	12.2%

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