Monroe housing market
Typical home value
$167K
▲ 3.3% 1 yr
Typical rent
$1,180/mo
▲ 8.1% 1 yr
12-month forecast
+1.5%
#350 of 546 metros
Gross rent yield
8.5%
#28 of 546 · U.S. 6.3%
Days to pending
51 days
▼ −11 days 1 yr
Listings with a price cut
24%
▲ +0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $166,928, up 3.3% in a year and up 12% over five years.
- 2Zillow forecasts home values rising 1.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,180/mo (+8.1% YoY), a 8.5% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $917/mo in principal and interest, $263 less than renting.
- 5Homes go under contract in 51 days (−11 days vs last year); 24% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 61/100, #32 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Monroe compares
| Measure | Monroe | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.3% | +1.2% | #171 |
| Home value, 5-yr change | +11.8% | +19.7% | |
| 12-month forecast | +1.5% | +1.1% | #350 |
| Rent, 1-yr change | +8.1% | +2.7% | #33 |
| Gross rent yield | 8.5% | 6.3% | #28 |
| Price-to-rent ratio | 11.8 | 15.8 | |
| Mortgage P&I on typical home | $917 | $2,012 | |
| Income needed to buy | $47,967 | $100,902 | |
| Days to pending | 51 | 56 |
Cities in the Monroe metro
2 cities with home value and rent data.
| Monroe | $155K | ▲ 2.9% | $1,216 | ▲ 8.5% | 9.4% |
| West Monroe | $202K | ▲ 2.9% | $1,219 | ▲ 12.1% | 7.3% |
Run the numbers
Rental property calculator
Cash flow on a typical Monroe rental ($167K, $1,180/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Monroe home.
Rent vs buy
Is it cheaper to rent or buy in Monroe?
Other Louisiana metros
New Orleans, LA
$257K home$1,577 rent7.4% yield
▲ 1.6% 1 yr
Baton Rouge, LA
$246K home$1,366 rent6.7% yield
▲ 2.7% 1 yr
Lafayette, LA
$200K home$1,385 rent8.3% yield
▲ 2.8% 1 yr
Shreveport, LA
$183K home$1,282 rent8.4% yield
▲ 3.8% 1 yr
Lake Charles, LA
$202K home$1,358 rent8.1% yield
▲ 2.3% 1 yr
Houma, LA
$181K home$1,302 rent8.6% yield
▼ 2.5% 1 yr
Alexandria, LA
$172K home$1,029 rent7.2% yield
▲ 4.0% 1 yr
Hammond, LA
$222K home$1,315 rent7.1% yield
▲ 1.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.