MONROE Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Monroe averaged 7.05% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.03% and one month ago for the week of 2024-03-14, the average rate was 6.69%.

    Monroe's average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.12%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Monroe 30 Year Fixed Rate 2024-04-18 7.05%
    Monroe 30 Year Fixed Rate Refi 2024-04-18 7.12%
    Monroe 15 Year Fixed Rate 2024-04-18 6.39%
    Monroe 15 Year Fixed Rate Refi 2024-04-18 6.39%
    Monroe 30 Year FHA 2024-04-18 6.9%
    Monroe 30 Year FHA Refi 2024-04-18 6.66%
    Monroe 30 Year USDA 2024-04-18 6.53%
    Monroe 30 Year USDA Refi 2024-04-18 6.66%
    Monroe 30 Year VA 2024-04-18 6.98%
    Monroe 30 Year VA Refi 2024-04-18 6.76%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MONROE, LA.

    MONROE Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the MONROE, LA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Origin Bank 94 6.92% $4,383
    Eagle Bank and Trust Company 78 6.73% $5,223
    QUICKEN LOANS, LLC 45 6.75% $6,656
    CENTRIC 43 7.89% $4,024
    MOVEMENT MORTGAGE, LLC 41 6.93% $4,725
    Assurance Financial Group, L.L.C. 28 6.81% $6,923
    GMFS LLC 28 6.94% $4,173
    JPMorgan Chase Bank 26 7.37% $2,541
    First Horizon Bank 17 6.76% $4,596
    NEWREZ LLC 16 7.00% $4,341
    DSLD MORTGAGE, LLC 15 5.99% $1,211
    ACADEMY MORTGAGE CORPORATION 11 7.09% $7,955
    BancorpSouth 11 6.82% $5,445
    Century Next Bank 10 6.18% $5,594
    Regions Bank 10 6.86% $4,428
    LOANDEPOT.COM, LLC 8 6.68% $6,946
    21ST MORTGAGE CORPORATION 8 7.98% $6,163
    Bank of America 5 6.38% $6,667
    UNION HOME MORTGAGE CORP. 5 6.35% $3,576
    HOMESIDE FINANCIAL, LLC 5 7.19% $5,170
    UNITED WHOLESALE MORTGAGE, LLC 5 6.78% $7,286
    NAVY FEDERAL CREDIT UNION 4 5.66% $4,361
    Wells Fargo Bank 4 6.47% $6,122
    BARKSDALE 3 6.00% $6,378
    STOCKTON MORTGAGE CORPORATION 3 7.63% $4,038
    Citizens Bank 3 6.58% $3,923
    Ouachita Valley Federal Credit Union 3 7.38% $4,348
    The Huntington National Bank 2 6.13% $6,990
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.12% $4,908
    BETTER MORTGAGE CORPORATION 2 6.69% $4,695
    BMO Harris Bank 2 5.88% $8,362
    FREEDOM MORTGAGE CORPORATION 2 7.50% $6,474
    PENNYMAC LOAN SERVICES, LLC 2 6.44% $7,077
    PLANET HOME LENDING, LLC 2 6.31% $3,736
    STANDARD MORTGAGE CORPORATION 2 7.44% $3,493
    GSF Mortgage Corporation 1 6.50% $5,217
    HOMEWAY MORTGAGE LLC 1 7.38% $4,466
    HOMEXPRESS MORTGAGE CORP. 1 7.88% $15,226
    Ixonia Bank 1 6.50% $5,391
    Gateway First Bank 1 6.38% $9,464
    FirstTrust Home Loans, Inc. 1 7.63% $4,675
    Merchants Bank of Indiana 1 7.50% $7,021
    Mortgage Research Center, LLC 1 6.99% $3,515
    FIDELITY BANK 1 9.50% $17,714
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $7,290
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.88% $8,924
    DEEPHAVEN MORTGAGE LLC 1 9.50% $28,959
    Citadel Servicing Corporation 1 10.63% $6,976
    CARTER FEDERAL CREDIT UNION 1 7.13% $4,523
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $5,373
    ALLIANT CREDIT UNION 1 6.63% $4,276
    PNC Bank 1 6.50% $5,289
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $7,524
    CARDINAL FINANCIAL 1 5.63% $6,118
    RED RIVER EMPLOYEES 1 7.13% $3,437
    Campus Federal Credit Union 1 5.50% $8,729
    RELIANCE FIRST CAPITAL, LLC 1 7.38% $6,420
    SOUTHWEST STAGE FUNDING, LLC 1 10.85% $9,045
    Wolfe Financial, Inc 1 7.50% $6,098
    BNC National Bank 1 5.88% $3,077
    The Citizens National Bank of Meridian 1 7.50% $3,953
    The Federal Savings Bank 1 6.50% $10,120
    ANECA Federal Credit Union 1 6.00% $7,167
    THE MORTGAGE FIRM, INC. 1 6.99% $5,457
    THRIVE MORTGAGE, LLC 1 7.13% $3,591
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $6,895
    American Mortgage & Equity Consultants, Inc. 1 6.75% $4,489
    USAA Federal Savings Bank 1 6.75% $4,513
    U.S. Bank 1 6.50% $0
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $0
    GUARANTEED RATE, INC. 1 7.35% $5,599
    Hancock Whitney Bank 1 7.13% $7,128

    MONROE Average Closing Costs & Other Stats

    MONROE, LA's 72 lenders originated 2,593 loans during 2023. The total origination value was $494,565,000, with an average loan value of $190,731.

    MONROE's average closing costs are $5,193.

    The top MONROE lender as defined by loan originations is Origin Bank, with 94 loans originated. Their average total fees are $4,383, which is $840 lower than the next largest lender, Eagle Bank and Trust Company.

    The lowest fee MONROE lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($1,211), JPMorgan Chase Bank ($2,541), CENTRIC ($4,024), GMFS LLC ($4,173) and NEWREZ LLC ($4,341).

    The lowest rate MONROE lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC (5.99%), Century Next Bank (6.18%), Eagle Bank and Trust Company (6.73%), QUICKEN LOANS, LLC (6.75%) and First Horizon Bank (6.76%).

    MONROE, LA Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Origin Bank $76,400,000 $50,375,000 -34.1% 10.2%
    Eagle Bank and Trust Company $59,485,000 $41,365,000 -30.5% 8.4%
    Guaranty Bank & Trust Company of Delhi, Louisiana $64,380,000 $34,530,000 -46.4% 7.0%
    Cedar Rapids Bank and Trust Company $23,940,000 n/a 4.8%
    QUICKEN LOANS, LLC $33,425,000 $20,105,000 -39.9% 4.1%
    Assurance Financial Group, L.L.C. $28,100,000 $19,405,000 -30.9% 3.9%
    MOVEMENT MORTGAGE, LLC $24,735,000 $17,815,000 -28.0% 3.6%
    HOMELAND BANCSHARES $22,720,000 $16,240,000 -28.5% 3.3%
    Century Next Bank $28,235,000 $15,900,000 -43.7% 3.2%
    GMFS LLC $33,030,000 $14,205,000 -57.0% 2.9%
    BancorpSouth $22,865,000 $11,310,000 -50.5% 2.3%
    CENTRIC $12,990,000 $11,125,000 -14.4% 2.2%
    GREYSTONE SERVICING COMPANY LLC $11,005,000 n/a 2.2%
    Regions Bank $7,735,000 $10,310,000 33.3% 2.1%
    Marion State Bank $27,300,000 $10,265,000 -62.4% 2.1%
    NEWREZ LLC $13,305,000 $9,515,000 -28.5% 1.9%
    Progressive Bank $22,730,000 $9,100,000 -60.0% 1.8%
    Mortgage Research Center, LLC $10,470,000 $8,935,000 -14.7% 1.8%
    DSLD MORTGAGE, LLC $4,835,000 $8,920,000 84.5% 1.8%
    21ST MORTGAGE CORPORATION $6,195,000 $8,345,000 34.7% 1.7%
    First Horizon Bank $13,610,000 $7,725,000 -43.2% 1.6%
    First National Bank $10,330,000 $6,940,000 -32.8% 1.4%
    Cross Keys Bank $30,215,000 $6,900,000 -77.2% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $10,420,000 $6,165,000 -40.8% 1.2%
    JPMorgan Chase Bank $11,750,000 $5,755,000 -51.0% 1.2%
    ACADEMY MORTGAGE CORPORATION $7,580,000 $3,645,000 -51.9% 0.7%
    LOANDEPOT.COM, LLC $6,100,000 $3,600,000 -41.0% 0.7%
    b1BANK $5,020,000 $3,405,000 -32.2% 0.7%
    Bank of America $5,795,000 $2,660,000 -54.1% 0.5%
    NAVY FEDERAL CREDIT UNION $2,450,000 $2,590,000 5.7% 0.5%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,220,000 $2,550,000 109.0% 0.5%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $545,000 $2,440,000 347.7% 0.5%
    Ouachita Valley Federal Credit Union $3,080,000 $2,390,000 -22.4% 0.5%
    STOCKTON MORTGAGE CORPORATION $2,090,000 n/a 0.4%
    HOMESIDE FINANCIAL, LLC $330,000 $1,845,000 459.1% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $1,215,000 $1,840,000 51.4% 0.4%
    FREEDOM MORTGAGE CORPORATION $3,515,000 $1,835,000 -47.8% 0.4%
    Gateway First Bank $2,785,000 $1,820,000 -34.6% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $3,015,000 $1,800,000 -40.3% 0.4%
    UNION HOME MORTGAGE CORP. $525,000 $1,755,000 234.3% 0.4%
    Wells Fargo Bank $6,075,000 $1,715,000 -71.8% 0.3%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $1,240,000 $1,710,000 37.9% 0.3%
    SECURITYNATIONAL MORTGAGE COMPANY $1,615,000 n/a 0.3%
    PLANET HOME LENDING, LLC $2,335,000 $1,610,000 -31.0% 0.3%
    The Huntington National Bank $955,000 $1,340,000 40.3% 0.3%
    PENNYMAC LOAN SERVICES, LLC $3,225,000 $1,270,000 -60.6% 0.3%
    Citizens Bank $6,770,000 $1,215,000 -82.1% 0.2%
    Merchants Bank of Indiana $12,365,000 $1,200,000 -90.3% 0.2%
    EVERETT FINANCIAL, INC. $550,000 $1,080,000 96.4% 0.2%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $955,000 $1,075,000 12.6% 0.2%
    BARKSDALE $450,000 $1,020,000 126.7% 0.2%
    BROKER SOLUTIONS, INC. $440,000 $1,020,000 131.8% 0.2%
    Carrington Mortgage Services, LLC $2,050,000 $990,000 -51.7% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $3,175,000 $890,000 -72.0% 0.2%
    Gibsland Bank & Trust Company $1,040,000 $880,000 -15.4% 0.2%
    DEEPHAVEN MORTGAGE LLC $265,000 $865,000 226.4% 0.2%
    UNITED BUILT HOMES, L.L.C. $490,000 $825,000 68.4% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $790,000 $820,000 3.8% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,110,000 $815,000 -26.6% 0.2%
    FIDELITY BANK $1,670,000 $815,000 -51.2% 0.2%
    CARDINAL FINANCIAL $855,000 $765,000 -10.5% 0.2%
    USAA Federal Savings Bank $1,305,000 $730,000 -44.1% 0.1%
    Discover Bank $370,000 $700,000 89.2% 0.1%
    Equity Prime Mortgage LLC $480,000 $680,000 41.7% 0.1%
    BMO Harris Bank $670,000 n/a 0.1%
    United Community Bank $1,110,000 $645,000 -41.9% 0.1%
    CSL Financial, LLC $535,000 $595,000 11.2% 0.1%
    NEW DAY FINANCIAL, LLC $2,235,000 $570,000 -74.5% 0.1%
    Barrington Bank & Trust Company, N.A. $170,000 $560,000 229.4% 0.1%
    FIRST COLONY MORTGAGE CORPORATION $560,000 n/a 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $710,000 $560,000 -21.1% 0.1%
    U.S. Bank $575,000 $555,000 -3.5% 0.1%
    Magnolia Bank $510,000 $540,000 5.9% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $510,000 n/a 0.1%
    SOUTHWEST STAGE FUNDING, LLC $575,000 $505,000 -12.2% 0.1%
    Sabine State Bank and Trust Company $420,000 $490,000 16.7% 0.1%
    The Federal Savings Bank $450,000 $485,000 7.8% 0.1%
    HOMEXPRESS MORTGAGE CORP. $475,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $470,000 n/a 0.1%
    BOM Bank $205,000 $450,000 119.5% 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $390,000 $450,000 15.4% 0.1%
    BETTER MORTGAGE CORPORATION $480,000 $415,000 -13.5% 0.1%
    Southern Heritage Bank $715,000 $415,000 -42.0% 0.1%
    CIS Financial Services, Inc. $925,000 $410,000 -55.7% 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $1,085,000 $405,000 -62.7% 0.1%
    Coastal Community Bank $395,000 n/a 0.1%
    THE MORTGAGE FIRM, INC. $380,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $250,000 $365,000 46.0% 0.1%
    The Citizens National Bank of Meridian $365,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,980,000 $350,000 -82.3% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,150,000 $345,000 -70.0% 0.1%
    FirstTrust Home Loans, Inc. $450,000 $330,000 -26.7% 0.1%
    ANECA Federal Credit Union $1,140,000 $305,000 -73.2% 0.1%
    Campus Federal Credit Union $315,000 $285,000 -9.5% 0.1%
    First Guaranty Bank $870,000 $285,000 -67.2% 0.1%
    GUARANTEED RATE AFFINITY, LLC $630,000 $285,000 -54.8% 0.1%
    SPRING EQ, LLC $165,000 $280,000 69.7% 0.1%
    CRESCENT MORTGAGE COMPANY $1,740,000 $275,000 -84.2% 0.1%
    LONGBRIDGE FINANCIAL, LLC $370,000 $275,000 -25.7% 0.1%
    Washington State Bank $270,000 n/a 0.1%
    HOMEWAY MORTGAGE LLC $165,000 $265,000 60.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,455,000 $265,000 -81.8% 0.1%
    BNC National Bank $245,000 $255,000 4.1% 0.1%
    GUARANTEED RATE, INC. $255,000 n/a 0.1%
    PIERREMONT MORTGAGE, INC. $255,000 n/a 0.1%
    PNC Bank $255,000 n/a 0.1%
    CARTER FEDERAL CREDIT UNION $235,000 n/a 0.0%
    AMERICAN PACIFIC MORTGAGE CORPORATION $850,000 $230,000 -72.9% 0.0%
    ALLIANT CREDIT UNION $225,000 n/a 0.0%
    STANDARD MORTGAGE CORPORATION $515,000 $220,000 -57.3% 0.0%
    Nations Lending Corporation $685,000 $215,000 -68.6% 0.0%
    AEROSPACE FEDERAL CREDIT UNION $205,000 n/a 0.0%
    SUMMIT FUNDING, INC. $205,000 n/a 0.0%
    EASTMAN $195,000 n/a 0.0%
    Hancock Whitney Bank $1,635,000 $195,000 -88.1% 0.0%
    VILLAGE CAPITAL MORTGAGE $570,000 $195,000 -65.8% 0.0%
    American Mortgage & Equity Consultants, Inc. $185,000 n/a 0.0%
    Bank of England $565,000 $185,000 -67.3% 0.0%
    MIDLAND MORTGAGE CORPORATION $185,000 n/a 0.0%
    Paramount Residential Mortgage Group, Inc. $1,160,000 $185,000 -84.1% 0.0%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $2,535,000 $185,000 -92.7% 0.0%
    South Louisiana Bank $185,000 n/a 0.0%
    THRIVE MORTGAGE, LLC $185,000 n/a 0.0%
    TOP FLITE FINANCIAL, INC. $185,000 n/a 0.0%
    Home Federal Bank $330,000 $175,000 -47.0% 0.0%
    NATIONS DIRECT MORTGAGE, LLC $215,000 $175,000 -18.6% 0.0%
    Peoples Bank $175,000 n/a 0.0%
    PLAZA HOME MORTGAGE, INC. $175,000 n/a 0.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $175,000 n/a 0.0%
    FIRST COMMUNITY MORTGAGE, INC. $315,000 $165,000 -47.6% 0.0%
    NBKC BANK $215,000 $165,000 -23.3% 0.0%
    RED RIVER EMPLOYEES $270,000 $160,000 -40.7% 0.0%
    Generations Bank $155,000 n/a 0.0%
    Pelican State Credit Union $645,000 $150,000 -76.7% 0.0%
    PHH Mortgage Corporation $420,000 $145,000 -65.5% 0.0%
    DRAPER AND KRAMER MORTGAGE CORP. $205,000 $135,000 -34.1% 0.0%
    Figure Lending LLC $215,000 $135,000 -37.2% 0.0%
    Ixonia Bank $135,000 n/a 0.0%
    SOUTHPOINT FINANCIAL SERVICES, INC. $135,000 n/a 0.0%
    Citadel Servicing Corporation $125,000 n/a 0.0%
    GSF Mortgage Corporation $275,000 $125,000 -54.5% 0.0%
    GUILD MORTGAGE COMPANY $420,000 $125,000 -70.2% 0.0%
    MID AMERICA MORTGAGE, INC. $255,000 $125,000 -51.0% 0.0%
    Southern Bancorp Bank $390,000 $125,000 -67.9% 0.0%
    Wolfe Financial, Inc $125,000 n/a 0.0%
    Red River Bank $1,280,000 $115,000 -91.0% 0.0%
    LIMA ONE CAPITAL, LLC $145,000 $95,000 -34.5% 0.0%
    La Capitol Federal Credit Union $105,000 $90,000 -14.3% 0.0%
    MEMBER FIRST MORTGAGE, LLC $85,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $195,000 $85,000 -56.4% 0.0%
    Colfax Banking Company $55,000 n/a 0.0%
    CATAHOULA LASALLE BANK $45,000 n/a 0.0%

    MONROE's top lender by overall market share is Origin Bank, with 10.2% market share. In second place, with 8.4%, is Eagle Bank and Trust Company, having originated $41,365,000 in loans. In third place, with 7.0%, is Guaranty Bank & Trust Company of Delhi, Louisiana, having originated $34,530,000 in loans. In fourth place, with 4.8%, is Cedar Rapids Bank and Trust Company, having originated $23,940,000 in loans. In fifth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $20,105,000 in loans.

    MONROE Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - MONROE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $187,500 (2.8%) $228,320 (-0.8%) 0.70 881
    2018-02-01 $185,000 (2.8%) $223,473 (-3.3%) 0.67 937
    2018-03-01 $185,900 (3.4%) $223,521 (-1.9%) 0.65 951
    2018-04-01 $185,475 (0.3%) $223,703 (-3.2%) 0.63 1,015
    2018-05-01 $190,000 (0.5%) $226,054 (-2.3%) 0.63 1,060
    2018-06-01 $193,500 (-0.8%) $231,702 (-0.7%) 0.65 1,046
    2018-07-01 $198,000 (3.3%) $235,190 (1.1%) 0.66 1,099
    2018-08-01 $192,500 (2.8%) $233,286 (0.6%) 0.64 1,118
    2018-09-01 $191,500 (1.5%) $233,005 (0.1%) 0.64 1,107
    2018-10-01 $187,875 (-0.3%) $229,028 (-1.4%) 0.64 1,098
    2018-11-01 $185,000 (-2.8%) $226,731 (-2.7%) 0.63 1,068
    2018-12-01 $184,900 (-5.2%) $224,592 (-2.4%) 0.64 999
    2019-01-01 $186,125 (-0.7%) $227,845 (-0.2%) 0.64 957
    2019-02-01 $187,250 (1.2%) $227,088 (1.6%) 0.63 1,010
    2019-03-01 $190,714 (2.6%) $229,648 (2.7%) 0.62 1,068
    2019-04-01 $196,750 (6.1%) $232,914 (4.1%) 0.62 1,124
    2019-05-01 $195,000 (2.6%) $230,386 (1.9%) 0.61 1,137
    2019-06-01 $194,950 (0.8%) $231,020 (-0.3%) 0.61 1,120
    2019-07-01 $196,100 (-1.0%) $232,987 (-0.9%) 0.61 1,135
    2019-08-01 $195,032 (1.3%) $231,934 (-0.6%) 0.62 1,110
    2019-09-01 $191,780 (0.2%) $230,085 (-1.3%) 0.61 1,090
    2019-10-01 $192,486 (2.5%) $232,607 (1.6%) 0.62 1,041
    2019-11-01 $199,250 (7.7%) $236,941 (4.5%) 0.65 988
    2019-12-01 $199,900 (8.1%) $237,368 (5.7%) 0.67 932
    2020-01-01 $207,750 (11.6%) $239,627 (5.2%) 0.69 714
    2020-02-01 $199,900 (6.8%) $231,669 (2.0%) 0.65 706
    2020-03-01 $199,900 (4.8%) $230,519 (0.4%) 0.63 670
    2020-04-01 $199,450 (1.4%) $229,181 (-1.6%) 0.62 637
    2020-05-01 $209,000 (7.2%) $236,523 (2.7%) 0.64 577
    2020-06-01 $209,998 (7.7%) $243,949 (5.6%) 0.62 566
    2020-07-01 $215,000 (9.6%) $247,460 (6.2%) 0.62 536
    2020-08-01 $219,000 (12.3%) $263,520 (13.6%) 0.63 521
    2020-09-01 $214,925 (12.1%) $264,025 (14.8%) 0.62 489
    2020-10-01 $219,900 (14.2%) $267,446 (15.0%) 0.63 454
    2020-11-01 $218,864 (9.8%) $264,481 (11.6%) 0.64 419
    2020-12-01 $219,675 (9.9%) $263,476 (11.0%) 0.65 382
    2021-01-01 $210,000 (1.1%) $262,871 (9.7%) 0.63 348
    2021-02-01 $207,500 (3.8%) $265,241 (14.5%) 0.60 326
    2021-03-01 $219,900 (10.0%) $270,142 (17.2%) 0.62 285
    2021-04-01 $230,700 (15.7%) $267,328 (16.7%) 0.62 258
    2021-05-01 $229,000 (9.6%) $266,419 (12.6%) 0.61 235
    2021-06-01 $231,700 (10.3%) $279,402 (14.5%) 0.61 247
    2021-07-01 $239,900 (11.6%) $298,300 (20.5%) 0.63 262
    2021-08-01 $240,500 (9.8%) $303,470 (15.2%) 0.64 274
    2021-09-01 $239,375 (11.4%) $308,450 (16.8%) 0.64 257
    2021-10-01 $229,000 (4.1%) $290,209 (8.5%) 0.61 217
    2021-11-01 $221,600 (1.3%) $306,736 (16.0%) 0.59 206
    2021-12-01 $231,750 (5.5%) $312,309 (18.5%) 0.63 203
    2022-01-01 $246,500 (17.4%) $306,023 (16.4%) 0.67 187
    2022-02-01 $260,723 (25.7%) $315,793 (19.1%) 0.68 175
    2022-03-01 $254,975 (16.0%) $300,594 (11.3%) 0.64 176
    2022-04-01 $260,000 (12.7%) $310,949 (16.3%) 0.62 169
    2022-05-01 $249,950 (9.2%) $294,123 (10.4%) 0.57 181
    2022-06-01 $247,000 (6.6%) $289,553 (3.6%) 0.55 216
    2022-07-01 $250,000 (4.2%) $300,403 (0.7%) 0.56 235
    2022-08-01 $253,225 (5.3%) $321,084 (5.8%) 0.59 257
    2022-09-01 $253,725 (6.0%) $322,550 (4.6%) 0.59 263
    2022-10-01 $245,000 (7.0%) $337,213 (16.2%) 0.58 258
    2022-11-01 $239,450 (8.1%) $322,927 (5.3%) 0.58 284
    2022-12-01 $238,450 (2.9%) $310,828 (-0.5%) 0.59 287
    2023-01-01 $238,500 (-3.3%) $299,300 (-2.2%) 0.59 257
    2023-02-01 $243,500 (-6.6%) $312,148 (-1.2%) 0.59 254
    2023-03-01 $241,250 (-5.4%) $311,463 (3.6%) 0.57 272
    2023-04-01 $240,000 (-7.7%) $303,732 (-2.3%) 0.56 263
    2023-05-01 $243,720 (-2.5%) $304,524 (3.5%) 0.55 287
    2023-06-01 $246,575 (-0.2%) $309,551 (6.9%) 0.55 296
    2023-07-01 $259,000 (3.6%) $319,101 (6.2%) 0.59 314
    2023-08-01 $251,290 (-0.8%) $316,131 (-1.5%) 0.58 334
    2023-09-01 $250,000 (-1.5%) $312,911 (-3.0%) 0.58 336
    2023-10-01 $249,500 (1.8%) $307,231 (-8.9%) 0.59 334
    2023-11-01 $244,000 (1.9%) $304,974 (-5.6%) 0.58 362
    2023-12-01 $240,000 (0.7%) $303,713 (-2.3%) 0.59 365
    2024-01-01 $236,500 (-0.8%) $297,523 (-0.6%) 0.58 350
    2024-02-01 $239,925 (-1.5%) $291,893 (-6.5%) 0.58 349
    2024-03-01 $250,000 (3.6%) $299,160 (-4.0%) 0.59 360
    MONROE's median listing price for 2024-03-01 was $250,000, a difference of $8,750 (3.6%) versus the prior year and $10,075 versus the prior month.

    MONROE's median listing price comes in at 59% of the national average.

    MONROE's average listing price for 2024-03-01 was $299,160, a difference of $-12,303 (-4.0%) versus the prior year and $7,267 versus the prior month.

    For the 2024-03-01 period, MONROE had 360 MLS listings, a difference of 11 listings (3%) versus the prior month and 88 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - MONROE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 100 days 1,976 sqft
    2018-02-01 98 days 1,943 sqft
    2018-03-01 93 days 1,950 sqft
    2018-04-01 80 days 1,962 sqft
    2018-05-01 74 days 1,961 sqft
    2018-06-01 72 days 1,983 sqft
    2018-07-01 72 days 1,985 sqft
    2018-08-01 73 days 1,947 sqft
    2018-09-01 80 days 1,939 sqft
    2018-10-01 86 days 1,906 sqft
    2018-11-01 92 days 1,909 sqft
    2018-12-01 102 days 1,914 sqft
    2019-01-01 116 days 1,923 sqft
    2019-02-01 109 days 1,926 sqft
    2019-03-01 93 days 1,937 sqft
    2019-04-01 77 days 1,950 sqft
    2019-05-01 78 days 1,943 sqft
    2019-06-01 81 days 1,970 sqft
    2019-07-01 84 days 1,960 sqft
    2019-08-01 89 days 1,951 sqft
    2019-09-01 93 days 1,939 sqft
    2019-10-01 94 days 1,954 sqft
    2019-11-01 99 days 1,978 sqft
    2019-12-01 107 days 1,981 sqft
    2020-01-01 115 days 1,990 sqft
    2020-02-01 120 days 1,922 sqft
    2020-03-01 106 days 1,936 sqft
    2020-04-01 96 days 1,941 sqft
    2020-05-01 91 days 2,012 sqft
    2020-06-01 83 days 2,005 sqft
    2020-07-01 63 days 2,006 sqft
    2020-08-01 65 days 2,010 sqft
    2020-09-01 74 days 2,026 sqft
    2020-10-01 79 days 2,082 sqft
    2020-11-01 90 days 2,060 sqft
    2020-12-01 88 days 2,049 sqft
    2021-01-01 86 days 2,050 sqft
    2021-02-01 79 days 2,068 sqft
    2021-03-01 71 days 2,074 sqft
    2021-04-01 69 days 2,090 sqft
    2021-05-01 50 days 2,052 sqft
    2021-06-01 44 days 2,081 sqft
    2021-07-01 44 days 2,044 sqft
    2021-08-01 43 days 2,075 sqft
    2021-09-01 50 days 2,019 sqft
    2021-10-01 66 days 2,009 sqft
    2021-11-01 58 days 1,937 sqft
    2021-12-01 58 days 1,953 sqft
    2022-01-01 60 days 1,971 sqft
    2022-02-01 48 days 2,064 sqft
    2022-03-01 50 days 2,076 sqft
    2022-04-01 44 days 2,064 sqft
    2022-05-01 32 days 2,010 sqft
    2022-06-01 31 days 2,027 sqft
    2022-07-01 40 days 2,096 sqft
    2022-08-01 52 days 2,114 sqft
    2022-09-01 59 days 2,103 sqft
    2022-10-01 54 days 2,114 sqft
    2022-11-01 52 days 2,051 sqft
    2022-12-01 60 days 1,951 sqft
    2023-01-01 82 days 1,930 sqft
    2023-02-01 83 days 1,966 sqft
    2023-03-01 60 days 2,010 sqft
    2023-04-01 60 days 2,000 sqft
    2023-05-01 53 days 1,984 sqft
    2023-06-01 57 days 2,001 sqft
    2023-07-01 64 days 2,073 sqft
    2023-08-01 61 days 2,015 sqft
    2023-09-01 65 days 2,017 sqft
    2023-10-01 67 days 2,020 sqft
    2023-11-01 71 days 2,020 sqft
    2023-12-01 75 days 1,981 sqft
    2024-01-01 90 days 1,950 sqft
    2024-02-01 87 days 1,981 sqft
    2024-03-01 66 days 1,985 sqft
    MONROE's median listing age (time on market) for 2024-03-01 was 66 days. This is 9% longer than the same period one year ago.

    MONROE's median square footage for active listings during the 2024-03-01 period was 1,985 sqft. One year prior, the average listing was 2,010 sqft.

    MONROE, LA Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    71201 Monroe, LA HUD Metro FMR Area $680 $680 $900 $1,120 $1,210
    71202 Monroe, LA HUD Metro FMR Area $590 $590 $780 $970 $1,050
    71203 Monroe, LA HUD Metro FMR Area $720 $720 $950 $1,180 $1,280
    71207 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71209 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71210 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71211 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71213 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71222 Monroe, LA HUD Metro FMR Area $560 $560 $740 $920 $1,010
    71225 Monroe, LA HUD Metro FMR Area $720 $720 $950 $1,180 $1,280
    71227 Monroe, LA HUD Metro FMR Area $680 $680 $900 $1,120 $1,210
    71229 Monroe, LA HUD Metro FMR Area $670 $670 $830 $1,050 $1,350
    71234 Monroe, LA HUD Metro FMR Area $650 $650 $860 $1,060 $1,150
    71235 Monroe, LA HUD Metro FMR Area $560 $560 $740 $920 $1,010
    71238 Monroe, LA HUD Metro FMR Area $650 $650 $850 $1,060 $1,150
    71240 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71241 Monroe, LA HUD Metro FMR Area $600 $610 $800 $990 $1,070
    71256 Monroe, LA HUD Metro FMR Area $560 $560 $740 $920 $1,010
    71260 Monroe, LA HUD Metro FMR Area $560 $560 $740 $920 $1,010
    71277 Monroe, LA HUD Metro FMR Area $570 $570 $760 $940 $1,010
    71280 Monroe, LA HUD Metro FMR Area $830 $830 $1,080 $1,350 $1,510
    71281 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71291 Monroe, LA HUD Metro FMR Area $730 $740 $970 $1,200 $1,300
    71292 Monroe, LA HUD Metro FMR Area $610 $620 $810 $1,010 $1,090
    71294 Monroe, LA HUD Metro FMR Area $670 $680 $890 $1,100 $1,200
    71418 Monroe, LA HUD Metro FMR Area $560 $560 $740 $920 $1,010
    71749 Monroe, LA HUD Metro FMR Area $560 $560 $740 $920 $1,010

    2022 Average & Median Rent Data Statistics
    MONROE, LA average 1BR rent: $649, median: $680
    MONROE, LA average 2BR rent: $852, median: $890
    MONROE, LA average 3BR rent: $1,057, median: $1,100

    MONROE, LA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,674 $347,700,000 $207,706
    Refi 487 $96,485,000 $198,121
    Cash Out Refi 213 $28,895,000 $135,657
    Home Improvement 117 $13,015,000 $111,239
    Other 102 $8,470,000 $83,039

    Monroe's most frequently cited loan purpose was Home Purchase, with 1,674 originations. The 2nd most popular reason was Refi, with 487 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 720 $147,460,000 $204,806
    7-8% 537 $96,815,000 $180,289
    Over 8% 460 $55,330,000 $120,283
    5-6% 252 $55,470,000 $220,119
    <2.5% 15 $75,000 $5,000
    4-5% 15 $2,805,000 $187,000
    2.5-3% 9 $935,000 $103,889
    3-4% 5 $765,000 $153,000

    During 2023, Monroe's most frequently originated rate bucket was 6-7%, with 720 originations.

    Loan Sizing (MONROE, LA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 961 $141,685,000 $147,435
    $100,000 or less 840 $48,230,000 $57,417
    $200k-400k 632 $167,010,000 $264,256
    $400k-600k 102 $49,370,000 $484,020
    $600k-1000k 32 $23,550,000 $735,938
    $Over $1MM 26 $64,720,000 $2,489,231

    MONROE's loan sizing saw the bucket of loans from $100k-200k with 961 originations, totaling $141,685,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,129 $233,925,000 $207,197
    60-80% 359 $80,275,000 $223,607
    40-60% 160 $25,200,000 $157,500
    20-40% 155 $12,035,000 $77,645
    Under 20% 144 $6,630,000 $46,042
    Over 100% 47 $10,265,000 $218,404

    MONROE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,129 originations, totaling $233,925,000 in origination value.