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Monroe

Monroe

Located in Ouachita County

$240,535 Average Value
$97 Average Price per Sq Ft
154 Homes For Sale

A changing character thanks to incoming tech industry

In the early 1800s, a steamboat made its way up the Ouachita River, stopping at the settlement of Fort Miro. The arrival of the steamboat — and, with it, more trade and transportation — changed life in the inland outpost. Recognizing what the steamboat represented, locals went so far as to rename the town in honor of the steamboat: the James Monroe. Today, with a population of about 50,000, the city of Monroe is the ninth-largest city in Louisiana and a primary hub in the northern part of the state. More change is on the horizon, as tech companies take advantage of the city’s location near a major fiber optic line, plus its abundant water resources — used to cool down massive data centers — and its low cost of living. “Meta just announced that they’re building the world’s largest data center about 10 miles east of Monroe, and there’s already two more that might be coming,” says Mike Downhour, director of community engagement for the Monroe Chamber of Commerce. “The areas around here don’t have a ton of infrastructure, so everyone that comes in is going to be moving to Monroe.”

Beautiful sunset over the Ouachita River that runs by the west side of the neighborhood.
Beautiful sunset over the Ouachita River that runs by the west side of the neighborhood.
The second oldest building in Monroe City is home for the best restaurant in town called Cotton.
The second oldest building in Monroe City is home for the best restaurant in town called Cotton.
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Increased demand for homes in Monroe

Monroe, along with its small sister city of West Monroe across the river, forms one of the urban centers of North Louisiana. Housing demand and home prices in the area are on the upswing thanks to several tech companies moving into the region. The median housing price in Monroe is $225,000, lower than the state and national median. Most of the housing stock consists of single-family homes, although the city is working to increase housing density downtown by adding more condos and apartments. Cottages, bungalows and ranch-style houses make up many of the neighborhoods around downtown, while new traditional homes populate the North Monroe area. Fixer-uppers are more common south of downtown.

If you want your home to be surrounded by trees and nature you will enjoy living in Ingleside.
If you want your home to be surrounded by trees and nature you will enjoy living in Ingleside.
Affordable fixer uppers can be found throughout the Southside Riverfront neighborhood.
Affordable fixer uppers can be found throughout the Southside Riverfront neighborhood.
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Education at Monroe City Public Schools

Monroe City Public Schools receive an overall B-minus grade from Niche while being ranked Louisiana's fourth-best district for athletes. Students in Monroe can also choose from highly rated private schools, including A-graded St. Frederick High School. The University of Louisiana Monroe, home to nearly 9,000 students, sits on Bayou DeSiard in the city. Their NCAA Division I sports teams compete in the Sun Belt Conference, with football games at 30,000-seat Malone Stadium.

ULM students enjoy wakeboarding on Bayou DeSiard before classes.
ULM students enjoy wakeboarding on Bayou DeSiard before classes.
ULM Warhawks Stadium is the largest in education centers in the state of Luisiana.
ULM Warhawks Stadium is the largest in education centers in the state of Luisiana.
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Downtown Monroe's commercial comeback

Like many downtowns, downtown Monroe faced a downturn in the back half of the 20th century. Now, after years of investment, the area is making a comeback, as restaurants and shops pop up around Desiard Street. Midtown Monroe is the city’s fastest-growing commercial corridor, with shopping centers and local eateries between Louisville Avenue and Tower Drive. Locals say the Monroe menu is incomplete without a mention of Johnny’s Pizza House, a local chain famous for its “Sweep the Kitchen” pizza. “Johnny’s is a must,” Downhour says. “You have to do that when you come here.”

Johnny's Pizza House in Swartz serves up pizzas, muffalettas, wings, beer and more.
Johnny's Pizza House in Swartz serves up pizzas, muffalettas, wings, beer and more.
Southside locals can go shopping to the Pecanland Mall where all major brands are available.
Southside locals can go shopping to the Pecanland Mall where all major brands are available.
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Checking out animals at the Louisiana Purchas Gardens and Zoo

Most Monroe parks are located on the city's edge, but residents in town can head to waterfront Forsythe Park for outdoor recreation. The city is currently working on improving bike infrastructure, including paths to Forsythe Park, which offers baseball fields, a nine-hole golf course and paths by the river. Southside Monroe is home to trails, playgrounds and a basketball court at Charles Johnson Park, as well as the Louisiana Purchase Gardens and Zoo.

Golf is available for all ages at Forsythe Park.
Golf is available for all ages at Forsythe Park.
You will see all sort of animals and different spices at the Luisiana Zoo in Southside.
You will see all sort of animals and different spices at the Luisiana Zoo in Southside.
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The Downtown Gallery Crawl and other events

The arts have seen an increased presence in the city, especially in the Art Alley district, a strip of galleries, markets and vintage stores that hosts the Downtown Gallery Crawl six times a year. The Monroe Civic Center puts on events throughout the year, including music and minor league hockey. Although not as lively as its South Louisiana neighbors, Monroe celebrates Carnival season and its main event, Mardi Gras, including a parade through Monroe and its sister city of West Monroe.

Locals of Southside Riverfront explore the historical, natural and artistic beauty of downtown.
Locals of Southside Riverfront explore the historical, natural and artistic beauty of downtown.
The Monroe Civic Center is a 7,600-seat, full-service, multi-purpose arena located in Monroe.
The Monroe Civic Center is a 7,600-seat, full-service, multi-purpose arena located in Monroe.
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The oldest publicly owned transit system in America

The city of Monroe operates Monroe Transit, which it calls the nation's oldest publicly owned transportation system. Originally a fleet of streetcars, the system now consists of bus lines, and residents are mostly car-dependent. On the eastern side of town, Monroe Regional Airport offers daily flights to Dallas and Atlanta.

Along with tech newcomers like Meta and Amazon, the energy sector has traditionally been a prominent employer in the area, including fossil fuels and alternative energy sources. “Entergy, the local electric company here, is putting up solar farms,” Downhour says. “A Canadian company is putting up wind turbines.”

Higher crime than average

Monroe has long, hot, muggy summers and cool winters, and the city can experience severe thunderstorms. The Ouachita River and Bayou DeSiard border several residential areas, and parts of the city are within FEMA-designated high-risk flood zones. Much of the city is protected by levees and drainage systems, but residents within flood zones may need to purchase flood insurance.

The crime rate in Monroe is notably higher than the state and national averages. According to recent FBI data, the property crime rate in Monroe is 516.9 per 100,000 people, compared to 219.6 in Louisiana and a national average of 179.6. Monroe’s violent crime rate was 452.3 versus 137.1 in the state and 119.3 across the country.

Brendan Doyle
Written By
Brendan Doyle
Gabor Kovacs
Photography Contributed By
Gabor Kovacs
Anthony Pesa
Video By
Anthony Pesa

Interested in learning more about homes in this area? Reach out to Dawn Allen, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Monroe Housing Trends

Housing Trends

Median List Price
$249,000
Median Sale Price
$234,000
Median Single Family Sale Price
$234,900
Median Townhouse Sale Price
$163,000
Median 2 Bedroom Sale Price
$139,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
373
Median Home Sale Price YoY Change
13%
Average Price Per Sq Ft
$97

Area Facts

Number of Homes in Neighborhood
5,219
Number of Homes for Sale
154
Median Year Built
2013
Months of Supply
5.00
Average Single Family Home Size Sq Ft
2,753
Significantly above the national average
1,925
Average 2 Bedroom Size Sq Ft
1,392
Median Lot Size Sq Ft
9,147

Open Houses

  • Sunday, Sep 21
    Open Sun 2PM - 4PM

    1413 Highway 139, Monroe, LA 71203

    $255,000

    • 3 Beds
    • 2 Baths
    • 3,111 Sq Ft
    • 1413 Highway 139
    • New 6 days ago

    Beautiful Custom Home in Swartz! Welcome to this spacious 3-bedroom, 2-bath home conveniently located just off Highway 139. Thoughtfully designed, this custom-built home offers wide doorways, oversized bedrooms, and a large laundry room for everyday comfort. Enjoy the convenience of a double car attached carport and a 29’ x 14’ covered back porch—ideal for gatherings and outdoor entertaining.

    Andrea Brown French Realty, LLC

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  • Sunday, Sep 21
    Open Sun 2PM - 4PM

    109 Azalea Dr, Monroe, LA 71203

    $150,000

    • 2 Beds
    • 1 Bath
    • 1,432 Sq Ft
    • 109 Azalea Dr
    • New 8 days ago

    Welcome to this charming 2-bedroom, 1-bath starter home that’s priced below appraisal value a rare find in today’s market! This cozy home is perfect for first-time buyers, downsizers, or investors looking for a new opportunity. Step inside and enjoy a functional layout with plenty of natural light and space to make it your own.

    Kristen LeDent Keller Williams Parishwide Partners

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  • Sunday, Sep 21
    Open Sun 2PM - 4PM

    2943 Highway 139, Monroe, LA 71203

    $335,000

    • 3 Beds
    • 3 Baths
    • 4,056 Sq Ft
    • 2943 Highway 139

    Discover your own private retreat in the sought-after Swartz community of Monroe! Situated on 4.25 acres, this charming home offers both comfort and space to spread out. Inside, you’ll find brand-new flooring throughout, a spacious living room perfect for gatherings, and a large kitchen. Step outside to enjoy the acreage or take advantage of the separate buildings—ideal for a man cave, hobby

    Megan Mitchell Keller Williams Parishwide Partners

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Monroe

Property Mix - Square Feet

Monroe Has More Renters

Demographics

Total Population
46,503
Median Age
35
Population under 18
27%
On par with the national average
23.8%
Population over 65
17.3%
On par with the national average
19.1%

Finances

Median Household Income
$33,332
Significantly below the national average
$71,702
Average Household Income
$56,147

Education and Workforce

High School Graduates
86.7%
College Graduates
26.8%
Below the national average
34.1%
Advanced Degrees
10.2%
% Population in Labor Force
55.5%
Below the national average
65.1%

Weather

Annual Precipitation
55''
Average Winter Low Temperature
37°F
Average Summer High Temperature
93°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

35 / 100

Car-Dependent

Walk Score®®

47 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Monroe
The Rental Association LLC
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