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Monroe city, LA

ZIP 71203 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 71203

Median Home Value
$181,200
Median Rent
$764
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,164/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 71203 in Monroe city, LA, a household would need roughly $50,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,164. That is roughly in line with the local median household income ($46,822). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
54.1%-17% vs US avg
x
Vacancy Rate
13.3%+29% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
32.2%-35% vs US avg
x
Mortgage-Free
40.2%+5% vs US avg
x
$181,200
Home Value
$764
Rent
1984
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.2%
  • 1-unit attached1.8%
  • 2-9 units20.0%
  • 10+ units6.3%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$181,200
Median rent$764
Owner-occupied54.1%
Vacant13.3%
Price-to-income3.9x
Est. income to buy$50,000