Monroe, LA · Louisiana

Union Parish

ZIP 71241

20,914 residents26 permits TTM$45,743 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$115,400

ACS 5-Year

Cap rate proxy

7.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.9%

HUD FMR ÷ ACS HHI

Net migration

+1.18%

IRS SOI

Permits (TTM)

26

Census BPS

Climate risk

49.7

FEMA NRI (0–100)

ZIP 71241

Median home value

Gross yield

Buy Box score

0.2

Section 8 gap

Affordability

P/I: 3.7R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
712220.4
712770.4
712600.3
712410.2
712340.2
712800.1
71256

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Demographics

Owner-occupied

76.1%

Census ACS

Vacancy rate

20.8%

Census ACS

Bachelor's degree +

16.0%

Census ACS

Rent burdened

34.2%

Census ACS (>30% income)

Median age

43.5

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026