ZIP Code 71201 — Monroe, LA Home Prices (2026)
The typical home in ZIP 71201 (Monroe, Louisiana) is worth about $217,000 at roughly $137 per square foot — 15% more expensive than the Monroe median and 26% more affordable than the typical U.S. home.
How 71201 compares
ZIP 71201 is one of the pricier ZIP codes in Monroe: its typical home value of $217,000 ranks #1 of the 3 Monroe ZIP codes we track (the citywide range runs from $59,000 in 71202 to $217,000 in 71201). Per square foot it costs about $137, against $137 for Monroe as a whole, $136 for Louisiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 71201 | $217,000 | $137 |
| Monroe, LA | $189,000 | $137 |
| Louisiana | $194,000 | $136 |
| United States | $294,000 | $195 |
Home value by size in 71201
Using this ZIP’s rate of about $137 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $137,000 |
| 1,500 sq ft | $205,500 |
| 2,000 sq ft | $274,000 |
| 2,500 sq ft | $342,500 |
| 3,000 sq ft | $411,000 |
Salary needed to buy a home in ZIP 71201
To buy the typical $217,000 home in ZIP 71201 with 20% down, you need a household income of roughly $59,000 a year (about $1,380 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $70,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $10,900 | $1,710/mo | $73,000/yr |
| 10% (+PMI) | $21,700 | $1,640/mo | $70,000/yr |
| 20% | $43,400 | $1,380/mo | $59,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 71201
At about $137 per square foot, here is roughly how much home different budgets get you in ZIP 71201:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1090 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1460 sq ft | around the typical home here |
| $250k | 1820 sq ft | around the typical home here |
| $300k | 2190 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 2920 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 71201 home.
Estimate a specific home in 71201
The estimator below is pre-set to ZIP 71201 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Monroe ZIP codes by home value
Where 71201 sits among Monroe’s 3 ZIP codes:
ZIP 71201 home prices: frequently asked
What is the average home price in ZIP code 71201? +
What is the price per square foot in 71201? +
What salary do you need to buy a house in ZIP 71201? +
Is 71201 an expensive ZIP code? +
See the full Monroe home values page, all Louisiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.