Real Estate Investing in Monroe, Louisiana (71202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71202 (Monroe, LA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.0% of homes vacant — above national norms.
- Declining values: -0.2% 5-year CAGR — values have moved lower.
- Elevated poverty: 44.8% poverty rate — can affect rent collection.
- Lower household income: $27,627 median — tenant affordability is tighter.
What’s happening in Monroe, LA (71202)?
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Market Analysis: 71202 Monroe
The 71202 ZIP clocks in at an robust value-add profile — below-median pricing at $59K, a renter base of 54%, and room for operational improvement.
ZIP 71202 favors investors with a contractor on speed dial. From a cash-flow lens, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $700/mo average.
The a credible choice for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 71202 has not.
Household income in 71202 supports the rent-lift thesis. 26,791 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
BRRRR is the most natural fit. Buy under $59K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Monroe:
Property Strategy for 71202
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $34,006 | $930 | 19.7% | -2.8% | $17,003 |
| 3BR | $58,658 | $1,200 | 14.7% | -1.5% | $19,553 |
| 4BR | $81,183 | $1,230 | 10.9% | -0.9% | $20,296 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 71202 Compare?
| Metric | 71202 | Monroe | Monroe, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $59,347 | $38,799 | N/A | $207,909 |
| 5-Year CAGR | N/A | 2.2% | N/A | 0.7% |
| Avg Rent | $700 | $1,416 | N/A | - |
| Cap Rate | 9.2% | 7.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71202 (Monroe, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $59,347 |
| Monthly Rent | $700 |
| Price-to-Rent | 7.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.2% |
| Cap Rate | 9.2% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | -0.2% ▼ |
| 10-Year CAGR | -0.6% ▼ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71202
Population: 26,791
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 71202
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,795 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Monroe, LA?
Rental rates in Monroe, LA average $700/mo. Tenant demand and $59K home values make the yield look reasonable by investor standards.
What does house hacking look like in Monroe, LA?
The an attractive house-hack environment in Monroe, LA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is housing expensive in Monroe, LA?
Monroe, LA home values average about $59K. That price point suits investors targeting rentals with $700/mo in monthly income.
Does Monroe, LA make sense for an investment property?
The 4.0/5 investability rating in Monroe, LA reflects its $59K prices and $700/mo rents. Investors generally consider it a solid option within LA.
Is Monroe, LA a viable BRRRR market?
BRRRR viability in Monroe, LA is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
You know 71202 now. You don’t know where it ranks.
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How 71202 ranks in Monroe, LA
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