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Short Sale Listings in West Monroe, LA 71291

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Living in West Monroe, LA

West Monroe, LA, combines a welcoming community with a variety of amenities. Known for its outdoor activities along the Ouachita River, the city appeals to families and retirees alike. Local schools provide quality education, making it an ideal location for growing families.

Current Market Conditions in West Monroe, LA

The real estate market in West Monroe is currently experiencing steady growth, with a mix of affordable homes and higher-end properties attracting a diverse range of buyers. The demand for family homes is particularly strong, driven by the area's appealing lifestyle and good school systems.

Investors are noticing the potential in West Monroe, as the city’s planned developments and economic initiatives establish it as a promising market. With a stable job market and increasing interest in the area, property values are expected to rise.

Home Value Estimator For West Monroe, LA

There are currently 17,733 real estate properties in West Monroe, LA, with a median automated valuation model (AVM) price of $175,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in West 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 West Monroe, LA, is $196,323.00, with the most expensive house in West Monroe, LA, topping out at $7,468,823.00 and the cheapest home in West Monroe, LA, clocking in at $1,234.00. In other words, there’s something for every potential homebuyer or savvy investor in West Monroe, LA!

Rent Prices In West Monroe, LA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in West Monroe, LA, is on a rollercoaster ride. The average rent price in West Monroe, LA, is $1,216.00. Indeed, when looking to rent in West Monroe, LA, you can expect to pay as little as $460.00 or as much as $2,260.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in West 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.

West Monroe, LA 71291 Short Sale Listings

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