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.
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%