Zip 71202 (Monroe, LA) Housing

The housing market in 71202 Monroe, LA has a median value of $70,200, which is significantly lower than the US median value of $338,100. The US house appreciation rate for the past year was 8.27%, while house appreciation in Monroe over the last year was 7.40%. This indicates that the housing prices are increasing at a slower rate in Monroe than on average across the United States. Despite this slow growth, it may still be a good time to invest in real estate in Monroe as the median prices are still relatively low compared to other areas.

The median home cost in Monroe (zip 71202) is $70,200. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Monroe (zip 71202) is up 10.1%.

Average Age of Homes

- The median age of Monroe (zip 71202) real estate is 45 years old

The Rental Market in Monroe (zip 71202)

- Renters make up 45.9% of the Monroe (zip 71202) population
- 2.7% of houses and apartments in Monroe (zip 71202), 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
	11,170.0	139,647,020.0
	48	42
	$70,200	$338,100
	10.1%	16.6%
	24.0%	57.0%
	40.8%	101.1%
	$5.05	$10.98
	$199	$2,690
	36.5%	57.4%
	20.9%	11.2%
	42.6%	31.4%
Vacant Housing
	2.7%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.8%	0.4%
	0.8%	3.6%
	16.4%	4.1%
Value of Owner-Occupied Housing
	7.6%	2.6%
	12.5%	2.4%
	24.5%	2.8%
	19.3%	3.9%
	13.0%	4.5%
	12.8%	11.3%
	2.6%	13.0%
	4.1%	20.1%
	2.4%	13.6%
	0.2%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	8.1%	13.6%
	9.8%	13.2%
	28.0%	14.8%
	8.1%	13.6%
	12.3%	10.0%
	5.0%	4.7%
	2.3%	12.2%

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