MONROE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Monroe averaged
7.18%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.92% and
one month ago for the week of 2023-08-10, the
average rate was 6.66%.
Monroe's average rate one year ago was 5.49%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.24%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Monroe 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Monroe 30 Year Fixed Rate Refi | 2023-09-14 | 6.24% |
| Monroe 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Monroe 15 Year Fixed Rate Refi | 2023-09-14 | 5.6% |
| Monroe 30 Year FHA | 2023-09-14 | 6.34% |
| Monroe 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Monroe 30 Year USDA | 2023-09-14 | 6.7% |
| Monroe 30 Year USDA Refi | 2023-09-14 | 6.88% |
| Monroe 30 Year VA | 2023-09-14 | 6.59% |
| Monroe 30 Year VA Refi | 2023-09-14 | 7.01% |
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.).
MONROE Average Closing Costs & Other Stats
MONROE, LA's 109 lenders originated 3,663
loans during 2022. The total origination value was $759,145,000, with an average loan value of
$207,247.
MONROE's average closing costs are $5,039.
The top MONROE lender as defined by loan originations is Origin Bank, with
144 loans originated. Their average total fees are
$4,586, which is $354
lower than the next largest lender,
Eagle Bank and Trust Company.
The lowest fee MONROE lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($3,657), GMFS LLC ($3,900), Wells Fargo Bank ($4,012), Cross Keys Bank ($4,030) and First Horizon Bank ($4,094).
The lowest rate MONROE lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.19%), Wells Fargo Bank (4.27%), Cross Keys Bank (4.49%), Century Next Bank (4.52%) and Regions Bank (4.73%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Origin Bank | $116,975,000 | $76,400,000 | -34.7% | 10.1% |
| Guaranty Bank & Trust Company of Delhi, Louisiana | $56,480,000 | $64,380,000 | 14.0% | 8.5% |
| Eagle Bank and Trust Company | $83,685,000 | $59,485,000 | -28.9% | 7.8% |
| QUICKEN LOANS, LLC | $76,160,000 | $33,425,000 | -56.1% | 4.4% |
| GMFS LLC | $60,315,000 | $33,030,000 | -45.2% | 4.4% |
| Cross Keys Bank | $47,690,000 | $30,215,000 | -36.6% | 4.0% |
| Century Next Bank | $29,800,000 | $28,235,000 | -5.3% | 3.7% |
| Assurance Financial Group, L.L.C. | $36,750,000 | $28,100,000 | -23.5% | 3.7% |
| Marion State Bank | $31,705,000 | $27,300,000 | -13.9% | 3.6% |
| MOVEMENT MORTGAGE, LLC | $33,720,000 | $24,735,000 | -26.6% | 3.3% |
| BancorpSouth Bank | $30,620,000 | $22,865,000 | -25.3% | 3.0% |
| Progressive Bank | $16,180,000 | $22,730,000 | 40.5% | 3.0% |
| HOMELAND BANCSHARES, INC. | $28,580,000 | $22,720,000 | -20.5% | 3.0% |
| First Horizon Bank | $30,490,000 | $13,610,000 | -55.4% | 1.8% |
| NEWREZ LLC | $23,570,000 | $13,305,000 | -43.6% | 1.8% |
| CENTRIC | $15,330,000 | $12,990,000 | -15.3% | 1.7% |
| Merchants Bank of Indiana | $4,470,000 | $12,365,000 | 176.6% | 1.6% |
| JPMorgan Chase Bank | $13,280,000 | $11,750,000 | -11.5% | 1.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $11,230,000 | n/a | 1.5% | |
| Mortgage Research Center, LLC | $9,570,000 | $10,470,000 | 9.4% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $12,910,000 | $10,420,000 | -19.3% | 1.4% |
| First National Bank | $10,030,000 | $10,330,000 | 3.0% | 1.4% |
| Regions Bank | $12,165,000 | $7,735,000 | -36.4% | 1.0% |
| ACADEMY MORTGAGE CORPORATION | $9,265,000 | $7,580,000 | -18.2% | 1.0% |
| Citizens Bank | $9,945,000 | $6,770,000 | -31.9% | 0.9% |
| 21ST MORTGAGE CORPORATION | $5,320,000 | $6,195,000 | 16.4% | 0.8% |
| LOANDEPOT.COM, LLC | $13,915,000 | $6,100,000 | -56.2% | 0.8% |
| Wells Fargo Bank | $12,725,000 | $6,075,000 | -52.3% | 0.8% |
| Bank of America | $8,580,000 | $5,795,000 | -32.5% | 0.8% |
| b1BANK | $6,090,000 | $5,020,000 | -17.6% | 0.7% |
| DSLD MORTGAGE, LLC | $3,360,000 | $4,835,000 | 43.9% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $25,130,000 | $3,515,000 | -86.0% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $10,105,000 | $3,225,000 | -68.1% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,910,000 | $3,175,000 | -54.1% | 0.4% |
| Centier Bank | $3,105,000 | n/a | 0.4% | |
| Ouachita Valley Federal Credit Union | $2,585,000 | $3,080,000 | 19.1% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $4,485,000 | $3,045,000 | -32.1% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $2,165,000 | $3,015,000 | 39.3% | 0.4% |
| CALIBER HOME LOANS, INC. | $6,790,000 | $2,950,000 | -56.6% | 0.4% |
| Gateway First Bank | $850,000 | $2,785,000 | 227.6% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,170,000 | $2,535,000 | -39.2% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $4,240,000 | $2,450,000 | -42.2% | 0.3% |
| PLANET HOME LENDING, LLC | $8,285,000 | $2,335,000 | -71.8% | 0.3% |
| NEW DAY FINANCIAL, LLC | $3,670,000 | $2,235,000 | -39.1% | 0.3% |
| Carrington Mortgage Services, LLC | $5,125,000 | $2,050,000 | -60.0% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $820,000 | $1,980,000 | 141.5% | 0.3% |
| SOUTHWEST FUNDING, LP | $2,860,000 | $1,845,000 | -35.5% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $3,005,000 | $1,740,000 | -42.1% | 0.2% |
| FIDELITY BANK | $250,000 | $1,670,000 | 568.0% | 0.2% |
| Hancock Whitney Bank | $1,635,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $8,725,000 | $1,455,000 | -83.3% | 0.2% |
| Flagstar Bank, FSB | $1,360,000 | $1,430,000 | 5.1% | 0.2% |
| USAA Federal Savings Bank | $2,570,000 | $1,305,000 | -49.2% | 0.2% |
| Red River Bank | $675,000 | $1,280,000 | 89.6% | 0.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $980,000 | $1,240,000 | 26.5% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,735,000 | $1,220,000 | -29.7% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,065,000 | $1,215,000 | 14.1% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $555,000 | $1,160,000 | 109.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,035,000 | $1,150,000 | 11.1% | 0.2% |
| ANECA Federal Credit Union | $1,470,000 | $1,140,000 | -22.4% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $6,180,000 | $1,110,000 | -82.0% | 0.1% |
| United Community Bank | $1,110,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,360,000 | $1,085,000 | -20.2% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $800,000 | $1,065,000 | 33.1% | 0.1% |
| Gibsland Bank & Trust Company | $855,000 | $1,040,000 | 21.6% | 0.1% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $955,000 | n/a | 0.1% | |
| The Huntington National Bank | $915,000 | $955,000 | 4.4% | 0.1% |
| CIS Financial Services, Inc. | $925,000 | n/a | 0.1% | |
| EMM LOANS LLC | $885,000 | n/a | 0.1% | |
| First Guaranty Bank | $590,000 | $870,000 | 47.5% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,000,000 | $855,000 | -82.9% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $420,000 | $850,000 | 102.4% | 0.1% |
| Shamrock Home Loans, Inc. | $755,000 | $825,000 | 9.3% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,810,000 | $790,000 | -79.3% | 0.1% |
| Heritage Bank | $745,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $895,000 | $745,000 | -16.8% | 0.1% |
| Southern Heritage Bank | $145,000 | $715,000 | 393.1% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $260,000 | $710,000 | 173.1% | 0.1% |
| Academy Bank | $335,000 | $690,000 | 106.0% | 0.1% |
| Nations Lending Corporation | $1,815,000 | $685,000 | -62.3% | 0.1% |
| Northpointe Bank | $205,000 | $650,000 | 217.1% | 0.1% |
| First Western Trust Bank | $645,000 | n/a | 0.1% | |
| Pelican State Credit Union | $460,000 | $645,000 | 40.2% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $285,000 | $630,000 | 121.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $735,000 | $605,000 | -17.7% | 0.1% |
| LHM FINANCIAL CORPORATION | $585,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $490,000 | $575,000 | 17.3% | 0.1% |
| U.S. Bank | $845,000 | $575,000 | -32.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,405,000 | $570,000 | -59.4% | 0.1% |
| Bank of England | $260,000 | $565,000 | 117.3% | 0.1% |
| Renasant Bank | $590,000 | $555,000 | -5.9% | 0.1% |
| EVERETT FINANCIAL, INC. | $550,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $545,000 | n/a | 0.1% | |
| CSL Financial, LLC | $390,000 | $535,000 | 37.2% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $530,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $860,000 | $525,000 | -39.0% | 0.1% |
| STANDARD MORTGAGE CORPORATION | $14,850,000 | $515,000 | -96.5% | 0.1% |
| Magnolia Bank | $510,000 | n/a | 0.1% | |
| BankPlus | $225,000 | $505,000 | 124.4% | 0.1% |
| UNITED BUILT HOMES, L.L.C. | $1,505,000 | $490,000 | -67.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $4,150,000 | $480,000 | -88.4% | 0.1% |
| Equity Prime Mortgage LLC | $405,000 | $480,000 | 18.5% | 0.1% |
| Centennial Bank | $465,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $145,000 | $460,000 | 217.2% | 0.1% |
| BARKSDALE | $1,535,000 | $450,000 | -70.7% | 0.1% |
| FirstTrust Home Loans, Inc. | $190,000 | $450,000 | 136.8% | 0.1% |
| The Federal Savings Bank | $1,150,000 | $450,000 | -60.9% | 0.1% |
| BROKER SOLUTIONS, INC. | $985,000 | $440,000 | -55.3% | 0.1% |
| SILVER HILL FUNDING, LLC | $425,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $475,000 | $420,000 | -11.6% | 0.1% |
| GUILD MORTGAGE COMPANY | $580,000 | $420,000 | -27.6% | 0.1% |
| PHH Mortgage Corporation | $420,000 | n/a | 0.1% | |
| Sabine State Bank and Trust Company | $445,000 | $420,000 | -5.6% | 0.1% |
| Hometown Lenders, Inc. | $410,000 | n/a | 0.1% | |
| The Central Trust Bank | $405,000 | n/a | 0.1% | |
| Citibank | $65,000 | $390,000 | 500.0% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $85,000 | $390,000 | 358.8% | 0.1% |
| Southern Bancorp Bank | $55,000 | $390,000 | 609.1% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $385,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $260,000 | $375,000 | 44.2% | 0.0% |
| Discover Bank | $115,000 | $370,000 | 221.7% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $135,000 | $370,000 | 174.1% | 0.0% |
| North American Savings Bank, F.S.B. | $625,000 | $365,000 | -41.6% | 0.0% |
| S1L, Inc. | $365,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $565,000 | $350,000 | -38.1% | 0.0% |
| AMERICAN MORTGAGE SERVICE COMPANY | $340,000 | n/a | 0.0% | |
| Citizens Bank & Trust Company of Vivian, Louisiana | $950,000 | $340,000 | -64.2% | 0.0% |
| Southern First Bank | $335,000 | n/a | 0.0% | |
| Home Federal Bank | $2,930,000 | $330,000 | -88.7% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,305,000 | $330,000 | -74.7% | 0.0% |
| AMERICAN FINANCING CORPORATION | $545,000 | $325,000 | -40.4% | 0.0% |
| FirstBank | $255,000 | $320,000 | 25.5% | 0.0% |
| Campus Federal Credit Union | $315,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| Arvest Bank | $575,000 | $305,000 | -47.0% | 0.0% |
| Hometown Equity Mortgage, LLC | $225,000 | $295,000 | 31.1% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $825,000 | $290,000 | -64.8% | 0.0% |
| GSF Mortgage Corporation | $275,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $275,000 | n/a | 0.0% | |
| RED RIVER EMPLOYEES | $245,000 | $270,000 | 10.2% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $265,000 | n/a | 0.0% | |
| Progressive National Bank | $260,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $310,000 | $255,000 | -17.7% | 0.0% |
| Simmons Bank | $185,000 | $255,000 | 37.8% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $1,105,000 | $250,000 | -77.4% | 0.0% |
| Ally Bank | $1,150,000 | $245,000 | -78.7% | 0.0% |
| BNC National Bank | $525,000 | $245,000 | -53.3% | 0.0% |
| DELMAR FINANCIAL COMPANY | $485,000 | $235,000 | -51.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $285,000 | $235,000 | -17.5% | 0.0% |
| BECKAM FUNDING CORP. | $115,000 | $225,000 | 95.7% | 0.0% |
| CMG MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| Trustmark National Bank | $225,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $735,000 | $215,000 | -70.7% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $215,000 | n/a | 0.0% | |
| Figure Lending LLC | $40,000 | $215,000 | 437.5% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $330,000 | $215,000 | -34.8% | 0.0% |
| NBKC BANK | $885,000 | $215,000 | -75.7% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $215,000 | n/a | 0.0% | |
| Synergy Bank | $275,000 | $215,000 | -21.8% | 0.0% |
| BOM Bank | $205,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $205,000 | n/a | 0.0% | |
| Raymond James Bank | $205,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $615,000 | $200,000 | -67.5% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $390,000 | $195,000 | -50.0% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,190,000 | $170,000 | -85.7% | 0.0% |
| AmeriHome Mortgage Company, LLC | $715,000 | $165,000 | -76.9% | 0.0% |
| First South Farm Credit, ACA | $195,000 | $165,000 | -15.4% | 0.0% |
| HOMEWAY MORTGAGE LLC | $205,000 | $165,000 | -19.5% | 0.0% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| PERFORMANCE MORTGAGE LLC | $165,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $250,000 | $165,000 | -34.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $105,000 | $145,000 | 38.1% | 0.0% |
| Low VA Rates, LLC | $675,000 | $145,000 | -78.5% | 0.0% |
| TIB The Independent Bankersbank | $670,000 | $145,000 | -78.4% | 0.0% |
| JAMES B. NUTTER & COMPANY | $115,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $105,000 | n/a | 0.0% | |
| First Federal Bank | $105,000 | n/a | 0.0% | |
| La Capitol Federal Credit Union | $980,000 | $105,000 | -89.3% | 0.0% |
| First Home Bank | $235,000 | $95,000 | -59.6% | 0.0% |
| Citizens National Bank, N.A. | $830,000 | $85,000 | -89.8% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $140,000 | $75,000 | -46.4% | 0.0% |
| EFCU FINANCIAL | $75,000 | n/a | 0.0% | |
| M&T Bank | $190,000 | $75,000 | -60.5% | 0.0% |
| STEARNS LENDING, LLC | $115,000 | $75,000 | -34.8% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $65,000 | n/a | 0.0% | |
| Gulf Coast Bank and Trust Company | $95,000 | $65,000 | -31.6% | 0.0% |
| R M K FINANCIAL CORP. | $65,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
MONROE's top lender by overall market share is Origin Bank, with 10.1% market share. In second place, with 8.5%, is Guaranty Bank & Trust Company of Delhi, Louisiana, having originated $64,380,000 in loans. In third place, with 7.8%, is Eagle Bank and Trust Company, having originated $59,485,000 in loans. In fourth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $33,425,000 in loans. In fifth place, with 4.4%, is GMFS LLC, having originated $33,030,000 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%) | $228,292 (-0.8%) | 0.70 | 880 |
| 2018-02-01 | $185,000 (2.8%) | $223,439 (-3.3%) | 0.67 | 935 |
| 2018-03-01 | $185,450 (3.1%) | $223,488 (-2.0%) | 0.65 | 950 |
| 2018-04-01 | $185,500 (0.3%) | $223,821 (-3.2%) | 0.63 | 1,012 |
| 2018-05-01 | $189,975 (0.4%) | $226,015 (-2.3%) | 0.63 | 1,055 |
| 2018-06-01 | $193,000 (-1.0%) | $231,596 (-0.8%) | 0.64 | 1,043 |
| 2018-07-01 | $198,000 (4.2%) | $235,102 (1.0%) | 0.66 | 1,097 |
| 2018-08-01 | $191,750 (2.6%) | $233,161 (0.6%) | 0.64 | 1,115 |
| 2018-09-01 | $189,999 (0.8%) | $232,870 (-0.4%) | 0.64 | 1,102 |
| 2018-10-01 | $187,500 (-0.5%) | $228,874 (-2.0%) | 0.64 | 1,093 |
| 2018-11-01 | $185,000 (-2.4%) | $226,747 (-2.7%) | 0.63 | 1,066 |
| 2018-12-01 | $184,900 (-5.2%) | $224,655 (-2.4%) | 0.64 | 998 |
| 2019-01-01 | $186,375 (-0.6%) | $227,924 (-0.2%) | 0.64 | 956 |
| 2019-02-01 | $187,250 (1.2%) | $227,163 (1.7%) | 0.63 | 1,009 |
| 2019-03-01 | $190,714 (2.8%) | $229,763 (2.8%) | 0.62 | 1,066 |
| 2019-04-01 | $196,750 (6.1%) | $233,076 (4.1%) | 0.62 | 1,121 |
| 2019-05-01 | $195,000 (2.7%) | $230,547 (2.0%) | 0.61 | 1,134 |
| 2019-06-01 | $194,950 (1.0%) | $231,113 (-0.2%) | 0.61 | 1,118 |
| 2019-07-01 | $196,100 (-1.0%) | $233,020 (-0.9%) | 0.61 | 1,133 |
| 2019-08-01 | $195,318 (1.9%) | $231,967 (-0.5%) | 0.62 | 1,107 |
| 2019-09-01 | $192,045 (1.1%) | $230,211 (-1.1%) | 0.61 | 1,087 |
| 2019-10-01 | $192,614 (2.7%) | $232,716 (1.7%) | 0.62 | 1,039 |
| 2019-11-01 | $199,250 (7.7%) | $236,941 (4.5%) | 0.65 | 988 |
| 2019-12-01 | $199,900 (8.1%) | $237,349 (5.7%) | 0.67 | 931 |
| 2020-01-01 | $207,750 (11.5%) | $239,627 (5.1%) | 0.69 | 714 |
| 2020-02-01 | $199,900 (6.8%) | $231,669 (2.0%) | 0.66 | 706 |
| 2020-03-01 | $199,900 (4.8%) | $230,519 (0.3%) | 0.63 | 670 |
| 2020-04-01 | $199,450 (1.4%) | $229,181 (-1.7%) | 0.62 | 637 |
| 2020-05-01 | $209,000 (7.2%) | $236,523 (2.6%) | 0.64 | 577 |
| 2020-06-01 | $209,998 (7.7%) | $243,949 (5.6%) | 0.62 | 566 |
| 2020-07-01 | $215,000 (9.6%) | $247,481 (6.2%) | 0.62 | 536 |
| 2020-08-01 | $219,000 (12.1%) | $263,520 (13.6%) | 0.63 | 521 |
| 2020-09-01 | $214,925 (11.9%) | $264,025 (14.7%) | 0.62 | 489 |
| 2020-10-01 | $219,900 (14.2%) | $267,446 (14.9%) | 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 | $231,950 (16.3%) | $267,496 (16.7%) | 0.63 | 257 |
| 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%) | $303,366 (15.1%) | 0.64 | 273 |
| 2021-09-01 | $239,125 (11.3%) | $308,000 (16.7%) | 0.64 | 256 |
| 2021-10-01 | $229,000 (4.1%) | $289,585 (8.3%) | 0.61 | 216 |
| 2021-11-01 | $221,475 (1.2%) | $306,478 (15.9%) | 0.59 | 205 |
| 2021-12-01 | $231,750 (5.5%) | $312,457 (18.6%) | 0.63 | 201 |
| 2022-01-01 | $246,500 (17.4%) | $306,231 (16.5%) | 0.67 | 185 |
| 2022-02-01 | $260,723 (25.7%) | $316,175 (19.2%) | 0.68 | 173 |
| 2022-03-01 | $254,975 (16.0%) | $300,191 (11.1%) | 0.64 | 174 |
| 2022-04-01 | $260,000 (12.1%) | $310,493 (16.1%) | 0.62 | 168 |
| 2022-05-01 | $249,925 (9.1%) | $292,396 (9.8%) | 0.57 | 180 |
| 2022-06-01 | $247,000 (6.6%) | $287,871 (3.0%) | 0.55 | 214 |
| 2022-07-01 | $250,000 (4.2%) | $300,120 (0.6%) | 0.56 | 233 |
| 2022-08-01 | $249,950 (3.9%) | $319,970 (5.5%) | 0.58 | 255 |
| 2022-09-01 | $251,200 (5.1%) | $321,731 (4.5%) | 0.59 | 262 |
| 2022-10-01 | $242,450 (5.9%) | $336,414 (16.2%) | 0.57 | 257 |
| 2022-11-01 | $239,225 (8.0%) | $322,190 (5.1%) | 0.58 | 283 |
| 2022-12-01 | $238,450 (2.9%) | $310,052 (-0.8%) | 0.59 | 286 |
| 2023-01-01 | $238,500 (-3.3%) | $299,198 (-2.3%) | 0.59 | 255 |
| 2023-02-01 | $243,500 (-6.6%) | $312,704 (-1.1%) | 0.59 | 251 |
| 2023-03-01 | $241,250 (-5.4%) | $311,997 (3.9%) | 0.57 | 270 |
| 2023-04-01 | $240,000 (-7.7%) | $303,742 (-2.2%) | 0.56 | 261 |
| 2023-05-01 | $243,720 (-2.5%) | $304,913 (4.3%) | 0.55 | 285 |
| 2023-06-01 | $246,725 (-0.1%) | $310,300 (7.8%) | 0.55 | 295 |
| 2023-07-01 | $259,000 (3.6%) | $319,101 (6.3%) | 0.59 | 314 |
| 2023-08-01 | $251,290 (0.5%) | $316,131 (-1.2%) | 0.58 | 334 |
MONROE's median listing price for 2023-08-01 was $251,290, a difference of
$1,340
(0.5%) versus the prior year and
$-7,710 versus the prior month.
MONROE's median listing price comes in at 58% of the national average.
MONROE's average listing price for 2023-08-01 was $316,131, a difference of $-3,839 (-1.2%) versus the prior year and $-2,970 versus the prior month.
For the 2023-08-01 period, MONROE had 334 MLS listings, a difference of 20 listings (6%) versus the prior month and 79 listings (31%) versus the prior year.
MONROE's median listing price comes in at 58% of the national average.
MONROE's average listing price for 2023-08-01 was $316,131, a difference of $-3,839 (-1.2%) versus the prior year and $-2,970 versus the prior month.
For the 2023-08-01 period, MONROE had 334 MLS listings, a difference of 20 listings (6%) versus the prior month and 79 listings (31%) 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 | 1,974 sqft |
| 2018-02-01 | 97 days | 1,942 sqft |
| 2018-03-01 | 92 days | 1,949 sqft |
| 2018-04-01 | 80 days | 1,960 sqft |
| 2018-05-01 | 75 days | 1,958 sqft |
| 2018-06-01 | 72 days | 1,980 sqft |
| 2018-07-01 | 72 days | 1,983 sqft |
| 2018-08-01 | 73 days | 1,946 sqft |
| 2018-09-01 | 80 days | 1,937 sqft |
| 2018-10-01 | 86 days | 1,904 sqft |
| 2018-11-01 | 92 days | 1,909 sqft |
| 2018-12-01 | 102 days | 1,913 sqft |
| 2019-01-01 | 116 days | 1,922 sqft |
| 2019-02-01 | 109 days | 1,925 sqft |
| 2019-03-01 | 94 days | 1,938 sqft |
| 2019-04-01 | 77 days | 1,952 sqft |
| 2019-05-01 | 78 days | 1,945 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 | 92 days | 1,940 sqft |
| 2019-10-01 | 94 days | 1,955 sqft |
| 2019-11-01 | 99 days | 1,978 sqft |
| 2019-12-01 | 108 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 | 2,009 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 | 2,087 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 | 2,014 sqft |
| 2021-10-01 | 66 days | 2,002 sqft |
| 2021-11-01 | 58 days | 1,934 sqft |
| 2021-12-01 | 58 days | 1,938 sqft |
| 2022-01-01 | 59 days | 1,958 sqft |
| 2022-02-01 | 47 days | 2,049 sqft |
| 2022-03-01 | 49 days | 2,064 sqft |
| 2022-04-01 | 41 days | 2,062 sqft |
| 2022-05-01 | 32 days | 2,000 sqft |
| 2022-06-01 | 31 days | 2,018 sqft |
| 2022-07-01 | 39 days | 2,090 sqft |
| 2022-08-01 | 52 days | 2,109 sqft |
| 2022-09-01 | 59 days | 2,100 sqft |
| 2022-10-01 | 54 days | 2,104 sqft |
| 2022-11-01 | 52 days | 2,044 sqft |
| 2022-12-01 | 60 days | 1,949 sqft |
| 2023-01-01 | 82 days | 1,930 sqft |
| 2023-02-01 | 83 days | 1,964 sqft |
| 2023-03-01 | 60 days | 2,009 sqft |
| 2023-04-01 | 59 days | 2,000 sqft |
| 2023-05-01 | 53 days | 1,978 sqft |
| 2023-06-01 | 57 days | 2,006 sqft |
| 2023-07-01 | 64 days | 2,073 sqft |
| 2023-08-01 | 61 days | 2,015 sqft |
MONROE's median listing age (time on market) for 2023-08-01 was 61 days.
This
is 17%
longer
than the same period one year ago.
MONROE's median square footage for active listings during the 2023-08-01 period was 2,015 sqft. One year prior, the average listing was 2,109 sqft.
MONROE's median square footage for active listings during the 2023-08-01 period was 2,015 sqft. One year prior, the average listing was 2,109 sqft.
MONROE, LA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 71201 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71202 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71203 | Monroe, LA | $660 | $660 | $870 | $1,080 | $1,190 |
| 71207 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71209 | Monroe, LA | $660 | $660 | $870 | $1,080 | $1,190 |
| 71210 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71211 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71213 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71222 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71225 | Monroe, LA | $650 | $650 | $860 | $1,070 | $1,180 |
| 71227 | Monroe, LA | $660 | $670 | $880 | $1,090 | $1,200 |
| 71229 | Monroe, LA | $640 | $640 | $780 | $1,010 | $1,270 |
| 71234 | Monroe, LA | $600 | $600 | $800 | $990 | $1,090 |
| 71235 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71238 | Monroe, LA | $630 | $640 | $840 | $1,040 | $1,150 |
| 71240 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71241 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71256 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71260 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71277 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71280 | Monroe, LA | $760 | $770 | $990 | $1,240 | $1,420 |
| 71281 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71291 | Monroe, LA | $660 | $670 | $880 | $1,090 | $1,200 |
| 71292 | Monroe, LA | $580 | $590 | $770 | $960 | $1,050 |
| 71294 | Monroe, LA | $620 | $620 | $820 | $1,020 | $1,120 |
| 71418 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
| 71749 | Monroe, LA | $550 | $550 | $730 | $920 | $1,000 |
2022 Average & Median Rent Data Statistics
MONROE, LA average 1BR rent: $610, median: $620
MONROE, LA average 2BR rent: $803, median: $820
MONROE, LA average 3BR rent: $1,003, median: $1,020
MONROE, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,198 | $480,260,000 | $218,499 |
| Refi | 870 | $187,540,000 | $215,563 |
| Cash Out Refi | 408 | $68,890,000 | $168,848 |
| Home Improvement | 112 | $14,610,000 | $130,446 |
| Other | 74 | $6,890,000 | $93,108 |
| NA | 1 | $955,000 | $955,000 |
Monroe's most frequently cited loan purpose was Home Purchase, with 2,198 originations. The 2nd most popular reason was Refi, with 870 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 827 | $166,405,000 | $201,215 |
| 4-5% | 643 | $142,325,000 | $221,345 |
| 3-4% | 630 | $152,460,000 | $242,000 |
| 6-7% | 397 | $65,515,000 | $165,025 |
| 2.5-3% | 144 | $27,670,000 | $192,153 |
| 7-8% | 131 | $17,035,000 | $130,038 |
| Over 8% | 80 | $7,440,000 | $93,000 |
| <2.5% | 50 | $19,510,000 | $390,200 |
During 2022, Monroe's most frequently originated rate bucket was 5-6%, with 827 originations.
Loan Sizing (MONROE, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,335 | $199,305,000 | $149,292 |
| $200k-400k | 1,078 | $290,260,000 | $269,258 |
| $100,000 or less | 996 | $57,890,000 | $58,122 |
| $400k-600k | 170 | $80,320,000 | $472,471 |
| $600k-1000k | 45 | $32,945,000 | $732,111 |
| $Over $1MM | 39 | $98,425,000 | $2,523,718 |
MONROE's loan sizing saw the bucket of loans from $100k-200k with 1,335 originations, totaling $199,305,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,569 | $350,145,000 | $223,164 |
| 60-80% | 691 | $157,825,000 | $228,401 |
| 40-60% | 265 | $42,775,000 | $161,415 |
| 20-40% | 170 | $15,650,000 | $92,059 |
| Under 20% | 135 | $6,635,000 | $49,148 |
| Over 100% | 37 | $20,915,000 | $565,270 |
MONROE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,569 originations, totaling $350,145,000 in origination value.