Living in Monroe, LA
Monroe, LA, is a charming city offering a mix of historic and modern attractions. With beautiful parks, a thriving arts scene, and access to quality education, it’s an ideal place for families and young professionals. The vibrant local culture and community spirit make Monroe a great place to call home.
Current Market Conditions in Monroe, LA
The real estate market in Monroe, LA, is showing signs of stability, with a gradual increase in home values over the past year. Homes are generally affordable compared to the national average, which attracts first-time buyers and retirees looking for a peaceful place to live. The demand for properties remains consistent, particularly in family-friendly neighborhoods.
Current trends indicate a shift towards increased interest in suburban living, as more people seek space and affordability amidst the rising prices in larger cities. The market is becoming more competitive, leading to quicker sales and occasional bidding wars, especially for properties in desirable areas.
Home Value Estimator For Monroe, LA
There are currently 25,504 real estate properties
in Monroe, LA,
with a median automated valuation model (AVM) price
of $139,063.00. 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 $179,057.00, with the most expensive house
in Monroe, LA, topping out
at $8,042,802.00 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.
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