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Bankruptcy Homes in Monroe, LA 71203

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Monroe, LA Foreclosures

How much do homes sell for in Monroe, LA?
The average home price is currently $177,461.
In Monroe, LA, how many homes are available?
There are currently 283 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 $7,995,001.
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 charming city known for its Southern hospitality and cultural richness. With a variety of amenities, outdoor activities, and educational institutions, it caters to families and individuals alike. The city embraces a relaxed lifestyle, allowing residents to enjoy both urban and natural experiences.

Current Market Conditions in Monroe, LA

The real estate market in Monroe has remained stable over the past few months, with a steady demand for homes due to its affordable pricing compared to national averages. First-time homebuyers are particularly attracted to the area, drawn in by lower entry-level prices and favorable mortgage rates.

Currently, there is a growing trend of relocation to Monroe as remote work continues to rise in popularity, allowing individuals to seek affordable housing options in a family-friendly environment. This trend is supported by local employers increasing hiring, which bolsters the economy.

Home Value Estimator For Monroe, LA

There are currently 25,501 real estate properties in Monroe, LA, with a median automated valuation model (AVM) price of $139,756.00. 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 $177,461.00, with the most expensive house in Monroe, LA, topping out at $7,995,001.00 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.

Monroe, LA 71203 Bankruptcy Homes

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