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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



West Monroe, LA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West Monroe, LA Housing Market Trends

With a population of 12,635, 5,153 total housing units (homes and apartments), and a median house value of $217,048, house prices in West Monroe are solidly below the national average.

Single-family detached homes are the single most common housing type in West Monroe, accounting for 60.95% of the city's housing units. Other types of housing that are prevalent in West Monroe include large apartment complexes or high rise apartments ( 17.99%), duplexes, homes converted to apartments or other small apartment buildings ( 12.63%), and a few mobile homes or trailers ( 5.94%).

The most prevalent building size and type in West Monroe are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.88% owning and 59.12% renting.

There is a lot of housing in West Monroe built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Monroe built between 1940-1969 ( 37.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.92%). There's also some housing in West Monroe built before 1939 ( 3.51%).

Vacant housing appears to be an issue in West Monroe. Fully 16.32% of the housing stock is classified as vacant. Left unchecked, vacant West Monroe homes and apartments can be a drag on the real estate market, holding West Monroe real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

West Monroe Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in West Monroe, where house values have increased just 43.32%, which is annualized rate of 3.66%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, West Monroe's appreciation rate, at 5.02%, has been at or slightly above the national average. In the latest quarter, West Monroe's appreciation rate has been -0.10%, which annualizes to a rate of -0.40%.

Relative to Louisiana, our data show that West Monroe's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Monroe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Monroe - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best West Monroe real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$217,048

West Monroe, LA Home Prices
> $1,280,000
$959,001 - $1,280,000
$640,001 - $959,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
1.2%
1.2%
0.1%
0.1%
1.4%
1.4%
1.1%
1.1%
5.2%
5.2%
18.9%
18.9%
40.8%
40.8%
24.3%
24.3%
7.1%
7.1%
0% 100.0%
% of Homes
High

for Louisiana

Low

for nation

Number of Homes And Apartments:

5,153

West Monroe Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,252 / per month

Homeownership Rate

Owners
Renters
40.9%
40.9%
59.1%
59.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.3%
16.3%
83.7%
83.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.9%
11.9%
47.2%
47.2%
37.3%
37.3%
3.5%
3.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.9%
60.9%
2.1%
2.1%
12.6%
12.6%
18.0%
18.0%
5.9%
5.9%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.9%
3.9%
13.2%
13.2%
31.8%
31.8%
41.1%
41.1%
9.4%
9.4%
0.5%
0.5%
0% 100.0%
% of Homes