Home Affordability in 71201
Monroe, LA — Ouachita Parish
The median home price in ZIP code 71201 (Monroe) is $135,000 with a median household income of $35,000. The price-to-income ratio is 3.9x.
Median Home Price
$135,000
Median Income
$35,000
Price-to-Income
3.9x
Est. Affordable Home
$136,000
Property Tax Rate
0.54%
Annual Property Tax
$729
Cost of Living
82
Metro Area
Monroe MSA
Down Payment Scenarios for ZIP 71201
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $4,050 | $130,950 | Yes |
| 5% | $6,750 | $128,250 | Yes |
| 10% | $13,500 | $121,500 | Yes |
| 20% | $27,000 | $108,000 | No |
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