Monroe, LA home prices
Typical home $166,928 · +3.3% in a year · income needed $45,300
The Monroe, LA metro area ranks 770 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.3% in a year and +11.8% over five years. With 20% down at 7.11%, the typical home costs about $1,057 a month including 0.54% property tax (Ouachita Parish rate).
Mortgage on the typical Monroe home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $33,386 | $133,542 | $898 | $0 | $159 | $1,057 | $45,300 |
| 10% down | $16,693 | $150,235 | $1,011 | $63 | $159 | $1,232 | $52,800 |
| 5% down | $8,346 | $158,582 | $1,067 | $66 | $159 | $1,292 | $55,400 |
| 3.5% down (FHA) | $5,842 | $163,905 | $1,103 | $74 | $159 | $1,335 | $57,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.54% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Monroe area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Ouachita Parish, LA | $181,215 | +2.6% | 0.54% |
| Morehouse Parish, LA | $97,826 | +7.0% | 0.45% |
| Union Parish, LA | $157,531 | +5.5% | 0.46% |
What can you afford in Louisiana on your salary? · Louisiana home prices · Salaries in Louisiana
Frequently asked questions
How much is a house in Monroe?
The typical home in the Monroe, LA metro area is worth $166,928 (Zillow, September 2026).
What salary do you need to buy a house in Monroe?
About $45,300 a year for the typical home with 20% down at 7.11%.