Why Live in University Area
The University Area in Monroe, LA, is a vibrant neighborhood primarily inhabited by students from the University of Louisiana Monroe. This area offers a convenient lifestyle with numerous restaurants and shops within walking distance, making it ideal for college students. Over the past two decades, the neighborhood has seen an influx of investors purchasing older homes to rent out, although some properties lack modern refurbishments. Homeowners, including university employees, are gradually returning, drawn by the waterfront living along Bayou Desiard. Dining options are plentiful, with local favorites like Catahoula’s and Waterfront Grill offering American and Cajun cuisine, while Athena’s serves Greek and Lebanese dishes. Bayou Park on the ULM campus hosts concerts and events, and the bayou itself is popular for fishing, kayaking, and water skiing. The neighborhood also features Bayou Desiard Country Club, a private club with golf, tennis, and pickleball facilities. Students in the area attend highly rated Neville Junior High School and Neville High School, both known for their strong academic and extracurricular programs. The Monroe Transit System provides easy access to other parts of the city, and essential services like St. Francis Medical Center and Monroe Regional Airport are within a few miles. Housing styles include modest single-story homes from the 1940s and 1950s, with prices varying based on proximity to the bayou.
Frequently Asked Questions
Is University Area a good place to live?
University Area is a good place to live. University Area is considered very car-dependent and somewhat bikeable. University Area has 1 park for recreational activities. It is fairly sparse in population with 3.3 people per acre and a median age of 27. The average household income is $50,616 which is below the national average. College graduates make up 42.3% of residents. A majority of residents in University Area are renters, with 69.4% of residents renting and 30.6% of residents owning their home. A
local real estate agent serving University Area can help you decide if this neighborhood is the right one for you. Learn more on our
University Area neighborhood guide.
How much do you need to make to afford a house in University Area?
The median home price in University Area is $289,000. If you put a 20% down payment of $57,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,490 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $64K a year to afford the median home price in University Area. The average household income in University Area is $51K.
What are the best public schools in University Area?
The best public schools that serve University Area are:
What are the best private schools in University Area?
The best private schools that serve University Area are:
What are the most popular zip codes in University Area, Monroe, LA?
What are the most popular neighborhoods near University Area, Monroe, LA?
Are home prices dropping in University Area?
Yes, home prices in University Area are down 65% in the last 12 months.
Home Trends in University Area, LA
On average, homes in University Area, Monroe sell after 14 days on the market compared to the national average of 70 days. The median sale price for homes in University Area, Monroe over the last 12 months is $285,000, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$285,000
Median Single Family Sale Price
$285,000
Average Price Per Sq Ft
$204
Number of Homes for Sale
0
Last 12 months Home Sales
25
Median List Price
$289,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-11%