$174,648Average Value$73Average Price per Sq Ft7Homes For Sale
A walkable locale just off the ULM campus
More than 8,000 students enroll at the University of Louisiana Monroe each year, and many of them call the University Area home. Restaurants and small-town shops are easily within walking distance, making the neighborhood attractive to students. “It’s sort of an ideal living situation for college students,” says Mark Sisk, a Realtor with 18 years of experience and owner of RE/MAX Premier Realty in Monroe. Twenty years ago, the neighborhood was primarily occupied by homeowners; however, low listing prices and the allure of high rental income soon attracted investors. To maximize rental income, some of the 100-year-old homes don't get much attention when it comes to repairs and refurbishments. But Scott Leo, a Realtor with Cypress State Realty and investor with property in the area, says homeowners are gradually returning to the area, especially employees at the university and anyone looking for waterfront living along Bayou Desiard.
Students can enjoy a walk at any point at the safe neighborhood of University Area.
It is easy to navigate your way around the university campus when you get there.
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Fixer-uppers and waterfront homes
Modest single-story homes, most of which were built in the 1940s and 1950s, populate the neighborhood. Investors have flocked to the neighborhood in the past 15 years, snapping up many of its low-cost older homes and renting them out to ULM students. A two-bedroom home in need of repairs can range from $45,000 to $100,000, while a livable three-bedroom home can range from $70,000 to $200,000. “You’re probably looking at $125,000 for a typical house,” says Mark Sisk, Realtor and owner of RE/MAX Premier Realty in Monroe. Prices increase closer to the bayou, where a four-bedroom brick ranch with a pier on the water can range from $200,000 to $325,000.
There is a good amount of investment properties available thorough the neighborhood,
Cozy homes overlooking the river are on the pricier side of the market in University Area.
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Boating and fishing on Bayou Desiard
Bayou Park is a relaxing space located on the ULM campus and the site of concerts and special events. The meandering Bayou Desiard winds through the area. Tall cypress trees draped with Spanish moss line the 28-mile bayou, and canoers and kayakers who paddle on the water can often spot egrets and the occasional bald eagle. The water is full of bass, and anglers can cast a line or rig up a yo-yo, also known as an automatic fishing reel. The bayou is especially popular with water skiers and boaters — the university’s 29-time champion water ski team regularly practices on the bayou. During football season, students, families and alumni go to The Grove on campus for tailgating and camaraderie. Golfers can take to the fairways at Bayou Desiard Country Club, a private, members-only country club with an 18-hole course, a pool, and tennis and pickleball courts.
The Bayou River runs right by the neighborhood in University Area.
Locals can do fishing from any side of the Bayou River in University Area.
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Neville High School earns an overall Niche grade of B+.
The most beautiful public high school in Louisiana
Kids can attend schools in the Monroe City School District. Pre-kindergarten through grade 6 students can attend Cypress Point Elementary School, which receives a C-plus from Niche. Seventh and eighth graders can attend Neville Junior High School, which receives a B-plus. Neville High School also receives a B-plus and was named the most beautiful public high school in Louisiana by Architectural Digest in 2017. A new $6 million multipurpose center at the high school is expected to open in fall 2024. The high school football team has won 12 state championships, most recently in 2015, and has not missed playoffs since 1999. The university is known for its strong health sciences program, including its school of pharmacy and its atmospheric sciences program — the only such program in the state.
There is good bus public transportation in University Area.
Walk or hop on a Monroe Transit System bus
Residents can walk to several nearby shops and restaurants, but the Monroe Transit System also has several bus stops on University Avenue, Cole Avenue, Desiard Street and Webster Street. St. Francis Medical Center is less than 4 miles southwest of the neighborhood, and Monroe Regional Airport is less than 3 miles away.
Fast-casual restaurants within walking distance
Homeowners and students alike are spoiled for choice when it comes to shops and restaurants. “You can walk just about anywhere you need,” says Scott Leo, a Realtor with Cypress State Realty and an investor with 17 properties in the neighborhood. “You’re closer to restaurants and grocery stores than anywhere else in Monroe.” Walmart has groceries covered just outside the neighborhood on Desiard Street. Desiard Street has waterfront restaurants like Catahoula’s, a casual college hang-out spot serving up American fare with Louisiana flair. Waterfront Grill is a community staple known for steak nights and Cajun-style seafood. Sterlington Road is lined with chains like Popeyes, Starbucks and Taco Bell, but there are some local eateries on the same strip. Authentic Greek and Lebanese cuisine are Athena’s specialty, including savory shawarma and kabobs. For dessert, diners can pair fresh baklava with floral Lebanese tea to end their meal on a high note.
Locals can choose between several known brands when it comes to fast food options.
KFC is also just around the corner for the students to grab a quick bite.
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
Interested in learning more about homes in this area?
Reach out to
Harrison Lilly,
an experienced agent in this neighborhood.
Parks in this Area
ULM Bayou Park
Transit
Airport
Monroe Regional
9 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
University Area
US
Homicide
6
4
Sexual Assault
5
4
Assault with Weapon
5
4
Robbery
5
4
Burglary
7
4
Motor Vehicle Theft
5
4
Larceny
6
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
University Area Demographics and Home Trends
On average, homes in University Area, Monroe sell after 84 days on the market compared to the national average of 49 days. The median sale price for homes in University Area, Monroe over the last 12 months is $175,000, up 52% from the median home sale price over the previous 12 months.
Introducing this unique Riverfront home. It features 4 bedrooms and 3.5 Bathrooms. The formal dining room, featuring a double fireplace that connects to the living room, showcases a stunning ceiling that reaches up to the skylights. This area seamlessly opens to the kitchen and breakfast nook, complemented by a generous walk-in pantry and an abundance of cabinetry throughout the home. The Laundry
Charming Bayou Front Home with Endless Potential! Nestled on the tranquil banks of the bayou, this solid built residence offers a perfect blend of “good bones” and room to personalize. Bright, airy, and spacious, it features: • Double Door Entry A welcoming foyer with dramatic double doors sets the tone for the home’s generous sizing. • Large Rooms Generously proportioned living spaces—3
This spacious and updated 4-bedroom, 1-bath home is ideally located just 3 minutes from the University of Louisiana at Monroe, I-20, and Hwy 165—making it a perfect choice for students, faculty, or a growing family. Step inside to discover brand-new flooring, a new roof, and modern stainless steel appliances in a fully renovated kitchen featuring custom cabinetry and built-in shelves. Each
Bayou frontage lot with a 5 bedroom 3.5 bath home. The kitchen features many upgraded amenities such as commercial grade oven with griddle, granite counters, and stainless appliances. Home also includes recessed lighting, heavy crown/dental molding, a private office, security system and french doors in the master that lead to a large patio. Situated on a large bayou front lot with a fence and a
Creel Properties is continuously setting new and higher standards in our community for apartment living. Our variety of floor plans provide you with multiple options. It is our goal to provide you with a quality apartment and personal service you will appreciate. Community is our passion!
Interested in learning more about homes in this area?
Reach out to
Harrison Lilly,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
4,952
Median Age
27
Population Density
4 ppl/acre
Population under 18
26.2%
On par with the national average
23.8%
Population over 65
9.5%
Below the national average
19.1%
Finances
Median Household Income
$31,149
Significantly below the national average
$71,702
Average Household Income
$50,616
Education and Workforce
High School Graduates
93.5%
College Graduates
42.3%
Above the national average
34.1%
Advanced Degrees
16.2%
% Population in Labor Force
44.5%
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®
28/ 100
Car-Dependent
Walk Score®
9/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
