Property Prices in Monroe, LA, United States

Index Info
Price to Income Ratio: 4.30
Mortgage as Percentage of Income: 54.08%
Loan Affordability Index: 1.85
Price to Rent Ratio - City Centre: 8.71
Price to Rent Ratio - Outside of Centre: 10.24
Gross Rental Yield (City Centre): 11.48%
Gross Rental Yield (Outside of Centre): 9.77%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,025.00 $ 850.00-1,200.00
Apartment (1 bedroom) Outside of Centre 775.00 $ 650.00-900.00
Apartment (3 bedrooms) in City Centre 2,550.00 $ 2,100.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,900.00 $ 1,600.00-2,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 212.01 $ 124.02-300.00
Price per Square Feet to Buy Apartment Outside of Centre 187.01 $ 124.02-250.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,500.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.25 7.50-15.00

These data are based on 16 entries in the past 18 months from 2 different contributors.
Last update: December 2024

Sources and References
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