Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$166,928+3.3% YoY · prices are rising fast
Market right nowBalanced marketFewer homes for sale than last year, 21% have cut their price
Income needed to buy, per year$36,187About 0.6× the local median income ($56,604): affordable for a typical household
Days on market64 daysAbout the same pace as a year ago
Next 12 months+1.5%Zillow expects prices to rise slightly
The typical home in Monroe, LA is worth $166,928, up 3.3% from a year ago. That is well below what local incomes have historically supported: fair value is about $194,026, so the area is 14.0% undervalued. It is a balanced market: homes take about 64 days to sell, listings are down 27% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 1.5% over the next year. A household needs about $36,187 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,604. Typical rent is $1,180 a month, or $1,295 for a house. In the latest IRS figures, 789 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$166,928
Change in 1 year
+3.3%
Overvalued %
−14.0%
Show 7 more
Fair home value
$194,026
Change in 5 years
+11.8%
Zillow forecast, next 12 months
+1.5%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$905
Income needed to afford it
$36,187
Property tax rate
0.48%
Rent and investing
Typical rent
$1,180
Typical rent for houses
$1,295
Price-to-rent ratio
11.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,000
Gross rental yield
8.48%
Cap rate (estimate)
5.51%
Market activity
Listings vs a year ago
−27.4%
Days on market
64
Listings with a price cut
20.6%
Show 3 more
Homes for sale
374
Pending sales per 100 listings
41
Asking price per sq ft
$137
People and jobs
Median household income
$56,604
Population change (1 year)
−0.3%
Unemployment rate
6.9%
Show 4 more
Population
222,390
Income adjusted for cost of living
$67,708
Net moves in (IRS)
−789
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
76.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
76.5
Wildfire risk score
51.5
Walkability (1 to 20)
6.1
Road, rail and air noise
53 dB
Questions people ask
Is Monroe, LA overvalued?
Home prices in Monroe, LA are well below what local incomes have historically supported: fair value is about $194,026, so the area is 14.0% undervalued.
Is Monroe, LA a buyer's or seller's market?
Monroe, LA is a balanced market: homes take about 64 days to sell, listings are down 27% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Monroe, LA?
Home values in Monroe, LA are up 3.3% over the last year. Zillow's forecast for the next 12 months is +1.5%.
How much do you need to earn to buy a home in Monroe, LA?
A household needs about $36,187 a year to afford the typical home in Monroe, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,604.