Monroe LA

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Monroe, LA Real Estate Data

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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Monroe Housing Market Information

With 47,877 people, 17,410 houses or apartments, and a median cost of homes of $102,244, house prices in Monroe are solidly below the national average.

Single-family detached homes are the single most common housing type in Monroe, accounting for 67.92% of the city's housing units. Other types of housing that are prevalent in Monroe include duplexes, homes converted to apartments or other small apartment buildings ( 14.04%), large apartment complexes or high rise apartments ( 13.51%), and a few row houses and other attached homes ( 3.05%).

The most prevalent building size and type in Monroe are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.21% owning and 58.79% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Monroe's housing was primarily built during this period, from the '40s through the '60s. A full 44.20% of the city's housing hails from this era. Other housing ages represented in Monroe include homes built between 1970-1999 ( 42.17%) and housing constructed between 2000 and later ( 7.09%). There's also some housing in Monroe built before 1939 ( 6.54%).

Vacant housing appears to be an issue in Monroe. Fully 15.39% of the housing stock is classified as vacant. Left unchecked, vacant Monroe homes and apartments can be a drag on the real estate market, holding 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.

Monroe Home Appreciation Rates

Monroe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Monroe during the period has been just 1.04%, which is lower than 70% of US communities.

Over the last year, Monroe appreciation rates have trailed the rest of the nation. In the last twelve months, Monroe's appreciation rate has been -2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monroe were at 1.53%, which equates to an annual appreciation rate of 6.26%.

Relative to Louisiana, our data show that Monroe's latest annual appreciation rate is lower 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 Monroe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in 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 Monroe real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,076,000 1.1
$807,001 - $1,076,000 1.3
$538,001 - $807,000 2.0
$430,001 - $538,000 1.7
$323,001 - $430,000 3.9
$215,001 - $323,000 11.9
$108,001 - $215,000 24.2
$54,001 - $108,000 26.0
$0 - $54,000 27.9

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.9722627737226 68.5121107266436

Number Of Homes And Apartments:

Monroe Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
49.02% 2.04%
* 10 is highest

Rent & Ownership


Average Market Rent:
$894 / per month

Homeownership Rate

Owners 41.21
Renters 58.79
Vacant 15.39

Housing Market Details


Age of Homes

2000 or Newer 7.1
1970 - 1999 42.2
1940 - 1969 44.2
1939 or Older 6.5

Types of Homes

Single-Family 67.9
Townhomes 3.0
Small Apt. Buildings 14.0
Apt. Complexes 13.5
Mobile Homes 1.5
Other 0.0

Home Size

No Bedroom 1.49
1 Bedroom 13.22
2 Bedrooms 27.01
3 Bedrooms 42.90
4 Bedrooms 13.17
5 or more bedrooms 2.21