Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monroe area can be challenging. Home prices in Monroe are now at a median cost of $165,423, lower than the Louisiana average of $194,522.
The average cost of rent is $868/mo in Monroe, primarily driven by the current value of real estate in the Monroe area. While nearly 51.71% of residents own their homes outright in Monroe, 48.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe is $4,075 per month. Households that rent pay about 21.30% of their income on rent here. Monroe's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Sicard, LA: less expensive homes
- North Monroe, LA: equally priced homes
- Richwood, LA: less expensive homes
- Brownsville, LA: less expensive homes
- West Monroe, LA: equally priced homes
- Claiborne, LA: higher priced homes
- Siegle, LA: higher priced homes
- Crew Lake, LA: less expensive homes
- Wall Lake, LA: higher priced homes
- Fowler, LA: higher priced homes
Cities with Similar Populations
- Chandler, AZ: higher priced homes
- Chesapeake, VA: higher priced homes
- Carson, CA: higher priced homes
- Chino, CA: higher priced homes
- Chino Hills, CA: higher priced homes
- Carrollton, TX: higher priced homes
- Clearwater, FL: higher priced homes
- Cedar Rapids, IA: higher priced homes
- Cary, NC: higher priced homes
- Chattanooga, TN: higher priced homes
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