The story of this market
The typical home in ZIP 71203 sells for about $229,900, or $135 per square foot.
Prices are down 3.3% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,950 a month.
ZIP 71203 — Monroe
The 71203 housing market is currently stable, characterized by a median listing price of $229,900 and a moderate inventory level. While year-over-year prices have seen a slight decline, the market remains active for entry-level and mid-range buyers. Demand is supported by local employment stability, though the rental market has seen significant price volatility recently.
This ZIP code is well-suited for budget-conscious family buyers and local workers seeking proximity to Monroe's employment core without the higher costs of newer suburban developments.
Median prices moved down 3.3% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 16.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 71203, Ouachita Parish, LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Monroe area are generally higher than the national average, with property crime being the most frequently reported issue in this ZIP code.
Schools serving the 71203 area are part of the Monroe City School District and Ouachita Parish School System, with performance ratings varying significantly by individual campus.
The area is subject to flood risks associated with the Ouachita River basin, requiring many residents to maintain flood insurance coverage.
Economic momentum is driven by healthcare, education, and retail sectors in Monroe, though new residential development within 71203 remains modest.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Louisiana) — Ad Valorem Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by applying the local millage rate to the assessed value. A homestead exemption of $75,000 of the assessed value is available for owner-occupied primary residences.
Residents primarily rely on personal vehicles for commuting, with easy access to U.S. Highway 165 and Interstate 20 providing routes to major employment hubs in Monroe.
The area features proximity to Black Bayou Lake National Wildlife Refuge and various local parks, offering outdoor recreation, fishing, and walking trails.
The rental market shows moderate demand with a mix of single-family homes and apartment complexes; vacancy rates are influenced by the local student and workforce population.
The local economy is anchored by healthcare systems like St. Francis Medical Center, the University of Louisiana at Monroe, and regional retail trade.
Transportation is dominated by private vehicle use, with limited public transit options provided by the Monroe Transit System.
Development is largely focused on infill and the rehabilitation of existing residential and commercial stock rather than large-scale new construction.
The Ouachita Parish Tax Assessor manages property valuations, with assessments updated periodically to reflect market changes.
Parcels are subject to various taxing districts including the Monroe City School District and local fire protection districts.
Property insurance premiums in this region are sensitive to flood and wind risk, with many properties requiring specialized coverage.
Louisiana is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure document detailing known defects and the condition of the home.
Data retrieved from data.census.gov ZCTA-level profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Surge Entertainment by Drew Brees4.39.6 mi
- Candy Cane Lane4.819.6 mi
- Excalibur Family Fun Center4.213 mi
- Altitude Trampoline Park4.44.3 mi
- Bayou Bowl4.32.9 mi
- Restaurant Cotton4.76.9 mi
- Golden Corral Buffet & Grill3.98.6 mi
- Landry Vineyards LLC4.716.5 mi
- Duck Commander4.69.1 mi
- Louisiana Purchase Gardens & Zoo4.17.9 mi
- Cinemark Tinseltown West Monroe 174.48.7 mi
- Surge Entertainment by Drew Brees4.39.6 mi
- Black Bayou Lake National Wildlife Refuge (Visitor Center)4.73 mi
- Duck Commander4.69.1 mi
- Northeast Louisiana Children's4.66.9 mi
- Biedenharn Museum & Garden4.76.9 mi
- Chennault Aviation & Military Museum4.84.1 mi
- Masur Museum of Art4.77.3 mi
- Kiroli Park4.88.1 mi
- Black Bayou Lake National Wildlife Refuge (Visitor Center)4.73 mi
- Forsythe Park4.46.5 mi
- Cheniere Lake Park4.311.5 mi
- Restoration Park West Monroe4.69.4 mi
- Joey's Moon Lake Marina4.84.7 mi
- Chennault Park Golf Course4.23.9 mi
- Pecanland Mall4.25 mi
- Ross Dress for Less4.25.2 mi
- T.J. Maxx4.35.2 mi
- Kohl's4.35.1 mi
- Dillard's4.45.1 mi
- Monroe Regional Airport4.14 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Offers extensive trails, wildlife viewing, and fishing opportunities.
A major community park featuring sports fields, playgrounds, and river access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.