ZIP Code 71203 — Monroe, LA Home Prices (2026)
The typical home in ZIP 71203 (Monroe, Louisiana) is worth about $189,000 at roughly $147 per square foot — about the same as the Monroe median and 36% more affordable than the typical U.S. home.
How 71203 compares
ZIP 71203 is a mid-priced ZIP code for Monroe: its typical home value of $189,000 ranks #2 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 $147, against $137 for Monroe as a whole, $136 for Louisiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 71203 | $189,000 | $147 |
| Monroe, LA | $189,000 | $137 |
| Louisiana | $194,000 | $136 |
| United States | $294,000 | $195 |
Home value by size in 71203
Using this ZIP’s rate of about $147 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 | $147,000 |
| 1,500 sq ft | $220,500 |
| 2,000 sq ft | $294,000 |
| 2,500 sq ft | $367,500 |
| 3,000 sq ft | $441,000 |
Salary needed to buy a home in ZIP 71203
To buy the typical $189,000 home in ZIP 71203 with 20% down, you need a household income of roughly $51,000 a year (about $1,200 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $61,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $9,500 | $1,490/mo | $64,000/yr |
| 10% (+PMI) | $18,900 | $1,430/mo | $61,000/yr |
| 20% | $37,800 | $1,200/mo | $51,000/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 71203
At about $147 per square foot, here is roughly how much home different budgets get you in ZIP 71203:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1020 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1360 sq ft | around the typical home here |
| $250k | 1700 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2040 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 2720 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 71203 home.
Estimate a specific home in 71203
The estimator below is pre-set to ZIP 71203 — 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 71203 sits among Monroe’s 3 ZIP codes:
ZIP 71203 home prices: frequently asked
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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.