Monroe, LA Foreclosures
How much do homes sell for in Monroe, LA?
The average home price is currently $193,371.
In Monroe, LA, how many homes are available?
There are currently 385 active home listings available in Monroe.
What’s the average rental cost in Monroe, LA?
The average rental price in Monroe is $1,143.
What is the most expensive home in Monroe?
The most expensive home sold in Monroe had a price of $17,389,205.
What is currently the cheapest priced home in Monroe, LA?
The cheapest home for sale in Monroe is priced at $1,414.
Living in Monroe, LA
Monroe, LA is a vibrant city that offers a blend of history, culture, and outdoor activities. With numerous parks and a lively community, it provides an excellent quality of life for its residents. The area features a variety of amenities, including shopping, dining, and entertainment options.
Current Market Conditions in Monroe, LA
The real estate market in Monroe has been relatively stable over the past few years, showing consistent growth in property values. The demand for affordable housing has been rising, attracting both first-time homebuyers and investors looking for rental opportunities. The overall market is competitive, with a mix of traditional homes, newer developments, and investment properties available.
In recent months, Monroe has seen an increase in buyer activity, particularly in more desirable neighborhoods. This has led to a slight uptick in home prices, although they still remain affordable when compared to other cities in Louisiana. The rental market is also doing well, with low vacancies and steady demand.
Home Value Estimator For Monroe, LA
There are currently 27,931 real estate properties
in Monroe, LA,
with a median automated valuation model (AVM) price
of $144,745.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monroe, LA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Monroe, LA,
is $193,371.00, with the most expensive house
in Monroe, LA, topping out
at $17,389,205.00 and the cheapest home
in Monroe, LA,
clocking in at $1,414.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monroe, LA!
Rent Prices
In Monroe, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monroe, LA, is on
a rollercoaster ride. The
average rent price in Monroe, LA,
is $1,143.00. Indeed, when looking to rent in
Monroe, LA, you can expect to pay as little
as $470.00 or as much
as $2,260.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Monroe, LA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
