Zip 71203 (Monroe, LA) Housing

The median value of a house in Monroe, LA (zip code 71203) is $159,100. This is significantly lower than the US median value of $338,100. However, the 1 year house appreciation in Monroe is 7.40%, which is slightly lower than the 8.27 % national average for house appreciation over the same period. Despite this difference in appreciation rate, it appears that housing in Monroe remains affordable and has been increasing in value over the past year.

The median home cost in Monroe (zip 71203) is $159,100. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Monroe (zip 71203) is up 10.1%.

Average Age of Homes

- The median age of Monroe (zip 71203) real estate is 38 years old

The Rental Market in Monroe (zip 71203)

- Renters make up 37.4% of the Monroe (zip 71203) population
- 5.6% of houses and apartments in Monroe (zip 71203), 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
	16,589.0	139,647,020.0
	40	42
	$159,100	$338,100
	10.1%	16.6%
	24.0%	57.0%
	40.8%	101.1%
	$6.11	$10.98
	$941	$2,690
	47.1%	57.4%
	13.6%	11.2%
	39.2%	31.4%
Vacant Housing
	5.6%	1.9%
	0.5%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	0.6%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	4.4%	2.4%
	1.8%	2.8%
	7.6%	3.9%
	10.0%	4.5%
	20.2%	11.3%
	18.3%	13.0%
	17.4%	20.1%
	8.0%	13.6%
	3.4%	8.3%
	2.5%	9.7%
	2.2%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.0%	13.6%
	15.0%	13.6%
	13.9%	13.6%
	13.2%	13.2%
	22.6%	14.8%
	13.9%	13.6%
	7.7%	10.0%
	2.2%	4.7%
	1.6%	12.2%

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