Zip 71201 (Monroe, LA) Housing

The median house value in 71201 Monroe, LA is $213,800 which is lower than the US median house value of $338,100. Over the past year, the appreciation rate for housing in this area was 7.40%, below the national average of 8.27%. Despite this lower appreciation rate, the housing market in this area remains relatively stable and a good investment opportunity for potential homeowners.

The median home cost in Monroe (zip 71201) is $213,800. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Monroe (zip 71201) is up 10.1%.

Average Age of Homes

- The median age of Monroe (zip 71201) real estate is 47 years old

The Rental Market in Monroe (zip 71201)

- Renters make up 39.6% of the Monroe (zip 71201) population
- 4.2% of houses and apartments in Monroe (zip 71201), 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
	10,051.0	139,647,020.0
	50	42
	$213,800	$338,100
	10.1%	16.6%
	24.0%	57.0%
	40.8%	101.1%
	$5.05	$10.98
	$1,533	$2,690
	48.5%	57.4%
	11.5%	11.2%
	40.1%	31.4%
Vacant Housing
	4.2%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	1.4%	2.4%
	0.7%	2.8%
	3.5%	3.9%
	5.4%	4.5%
	12.8%	11.3%
	20.0%	13.0%
	25.1%	20.1%
	13.8%	13.6%
	6.3%	8.3%
	5.6%	9.7%
	1.1%	3.9%
	1.5%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	9.4%	13.6%
	13.5%	13.2%
	15.7%	14.8%
	9.4%	13.6%
	16.5%	10.0%
	6.8%	4.7%
	8.5%	12.2%

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