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University Area Homes for Sale

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  • 3712 Rapides St, Monroe, LA 71203
    3712 Rapides St, Monroe, LA 71203
    3712 Rapides St, Monroe, LA 71203
    /10

    $235,000

    • 3 Beds
    • 2 Baths
    • 2,400 Sq Ft

    3712 Rapides St, Monroe, LA 71203

    Excellent investment opportunity in a highly desirable location! This waterfront property is currently leased to the Oxford Foundation for $1,850 per month, providing dependable long-term rental income. If you are looking for a strong-performing rental property with consistent cash flow in a great area, this property is a must-see. The home is located in a very desirable part of Monroe and offers

    Scott Leo Cypress State Realty

    3712 Rapides St, Monroe, LA 71203
  • 1800 University Place, Monroe, LA 71203
    1800 University Place, Monroe, LA 71203
    1800 University Place, Monroe, LA 71203
    /40

    $469,900

    • 5 Beds
    • 3.5 Baths
    • 4,293 Sq Ft

    1800 University Place, Monroe, LA 71203

    Words do no justice as the saying goes! Beautiful custom built 5 bed 3.5 bath home with over 4,200 square feet heated located on the Bayou on one of the best views! When you think of the Word custom this house is it! From the thick crown molding to the custom marble style type tile flooring! Insides is a great floor plan, with with a huge dining room. Step on through the foyer and over to the

    Ryan Hawthorne French Realty, LLC

    1800 University Place, Monroe, LA 71203
  • 1906 Filhiol Ave, Monroe, LA 71203
    1906 Filhiol Ave, Monroe, LA 71203
    1906 Filhiol Ave, Monroe, LA 71203
    /13

    $105,000

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft

    1906 Filhiol Ave, Monroe, LA 71203

    Great opportunity for an investor or first-time homeowner looking for a well-kept property in a prime Monroe location near ULM. This 2-bedroom, 1-bath home is currently leased for $975/month to one of the best tenants in our portfolio, who has been in place for over two years. The home features a large kitchen with plenty of space, oversized bedrooms, a spacious backyard, and a very clean,

    Scott Leo Cypress State Realty

    1906 Filhiol Ave, Monroe, LA 71203
  • 1807 Filhiol Ave, Monroe, LA 71203
    1807 Filhiol Ave, Monroe, LA 71203
    1807 Filhiol Ave, Monroe, LA 71203
    /11

    $120,000

    • Studio
    • 1,300 Sq Ft

    1807 Filhiol Ave, Monroe, LA 71203

    Great rental property opportunity in a prime Monroe location just minutes from ULM. This home is currently leased for $1,050/month to a long-term tenant who has lived in the property for several years and plans to remain long term, making this a strong turnkey investment opportunity. The home features excellent curb appeal, a spacious driveway, mature trees, and a functional layout with a large

    Scott Leo Cypress State Realty

    1807 Filhiol Ave, Monroe, LA 71203
  • 5708 Bon Aire Dr, Monroe, LA 71203
    5708 Bon Aire Dr, Monroe, LA 71203
    5708 Bon Aire Dr, Monroe, LA 71203
    /8

    $89,900

    • Land
    • 33,976 Sq Ft
    • $115,256 per Acre

    5708 Bon Aire Dr, Monroe, LA 71203

    Discover the perfect setting for your dream home on this beautiful 0.784± acre waterfront lot overlooking scenic Bayou DeSiard. Ready to build, this spacious homesite offers breathtaking water views, peaceful surroundings, and plenty of room to create your ideal custom residence. 12x9 Dock off the bayou. Enjoy the tranquility of bayou living while remaining just minutes from shopping, dining,

    Hope Stapleton John Rea Realty

    5708 Bon Aire Dr, Monroe, LA 71203
  • 3706 Lafourche St, Monroe, LA 71203
    3706 Lafourche St, Monroe, LA 71203
    3706 Lafourche St, Monroe, LA 71203
    /16

    $109,000

    $6K PRICE DROP
    • Studio

    3706 Lafourche St, Monroe, LA 71203

    Excellent investment opportunity near ULM! This 2-bedroom, 1-bath home is currently tenant-occupied and rents for $1,050 per month, providing strong and consistent cash flow. The property features hardwood floors, central air and heat, a very large kitchen, and a spacious living room and dining area. The home also offers a large backyard, adding to its overall appeal. Located in close proximity

    Scott Leo Cypress State Realty

    3706 Lafourche St, Monroe, LA 71203
  • 2022 Filhiol Ave, Monroe, LA 71203
    2022 Filhiol Ave, Monroe, LA 71203
    2022 Filhiol Ave, Monroe, LA 71203
    /9

    $274,000

    $6K PRICE DROP
    • 5 Beds
    • 3 Baths
    • 3,242 Sq Ft

    2022 Filhiol Ave, Monroe, LA 71203

    Excellent investment opportunity on the bayou! This large site-built property was originally constructed as a duplex and is currently leased to the Oxford Foundation as a sober living home, producing $2,100 per month in rental income. The property has maintained strong occupancy and stable rental history since the seller acquired it in 2023. Situated on a waterfront lot with a spacious backyard,

    Scott Leo Cypress State Realty

    2022 Filhiol Ave, Monroe, LA 71203
Louisiana Ouachita County Monroe

Real Estate & Homes for Sale in University Area, Monroe

Why Live in University Area
The University Area is a vibrant neighborhood in Monroe, ideal for students from the University of Louisiana Monroe. Housing styles include single-story homes from the 1940s and 1950s, with prices varying based on proximity to the bayou. Over the past two decades, the neighborhood has seen an influx of investors purchasing older homes to rent out. This area offers a convenient lifestyle with many restaurants, shops and attractions. Dining options include Catahoula’s and Waterfront Grill, which offers American and Cajun cuisine. Athena’s serves Greek and Lebanese dishes. Bayou Park on the ULM campus hosts concerts and events, and the bayou is popular for fishing, kayaking, and water skiing. Bayou Desiard Country Club has golf, tennis, and pickleball facilities. Students in the area attend highly rated Neville Junior High School and Neville High School. The Monroe Transit System provides easy access to other parts of the city. St. Francis Medical Center and Monroe Regional Airport are a few miles away.
Learn more about living in University Area

University Area Home Prices vs. Nearby Monroe, LA Neighborhoods

University Area Garden District Ingleside Midtown
Median Home Price
$190,000
$205,950
$158,000
$225,000
Median Sale Price
$168,800
-15% YoY
$185,000
+6% YoY
$110,000
-15% YoY
$225,000
-12% YoY
Median Single Family Price
$184,400
$195,000
$167,500
$210,000
Total Active Listings
1 listings
15 listings
3 listings
15 listings
Market Conditions
1 Month of Supply
Seller's Market
4 Months of Supply
Seller's Market
6 Months of Supply
Balanced Market
4 Months of Supply
Balanced Market

Frequently Asked Questions

Is University Area a good place to live?
University Area is a good place to live. University Area is considered car-dependent and somewhat bikeable. University Area has 1 park for recreational activities. It is fairly sparse in population with 4.0 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% of residents renting and 31% 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.
Is University Area, LA a safe neighborhood?
University Area, LA is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in University Area?
The median home price in University Area is $190,000. If you put a 20% down payment of $38,000 and had a 30-year fixed mortgage with an interest rate of 6.69%, your estimated principal and interest payment would be $980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $42K a year to afford the median home price in University Area. Learn how much home you can afford with our Home Affordability Calculator. 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?
The most popular zip codes in University Area, Monroe, LA include 71203, 71201, 71202, 71291 and 71220.
What are the most popular neighborhoods near University Area, Monroe, LA?
The most popular neighborhoods near University Area, Monroe, LA are North Monroe, Midtown, Ingleside, Lakeshore and Garden District.
Are home prices dropping in University Area?
Yes, home prices in University Area are down 10% in the last 12 months.
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