HousingHandbookReference data

U.S. ZIP Code · LA71202

Ouachita Parish · Monroe, LA

Typical home value

$59,041[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-8.3%
5-year / yr
-1.9%
10-year / yr
-1.8%

Relative price

vs U.S.
-79.2%
vs metro
-61.6%
vs state
-67.5%
ZIP 71202 location in LA
Location of ZIP 71202 in LA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 71202 is worth $59,041 — 61.6% below the Monroe, LA median. Over the past year, values have fallen 8.3%. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$211[3]

#Climate risk

FEMA National Risk Index ratings for Ouachita Parish. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively High
Hurricane
Relatively Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
25,444[3]
Median household income
$28,213[3]

#Migration

Household moves in and out of Ouachita Parish over a year, from IRS tax-return data.

Net migration
-351[5]
Moved in
2,965
Moved out
3,316

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
15
Elementary
10
Middle
2
High
2
  • Wossman High School

    High · Grades 9–12 · City of Monroe School District

    666 students

  • Richwood High School

    High · Grades 8–12 · Ouachita Parish

    472 students

  • Carver Elementary School

    Elementary · Grades PK–6 · City of Monroe School District

    414 students

  • Minnie Ruffin Elementary School

    Elementary · Grades PK–6 · City of Monroe School District

    404 students

  • Berg Jones Elementary School

    Elementary · Grades PK–6 · City of Monroe School District

    393 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$299
Loan principal$47,233
Down payment$11,808
Total interest paid$60,243

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$365
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
22nd percentile[1]
Rental yield
[2]
Property tax
56th percentile[3]

Frequently asked

How much is a home worth in ZIP code 71202?
The typical home in 71202 is worth $59,041, based on the Zillow Home Value Index.
Are home values rising in 71202?
Home values in 71202 are down 8.3% over the past year, and down 1.9% a year over five years.
What is the property tax rate in 71202?
The effective property tax rate in 71202 is 0.4% — roughly $211 a year on a typical home.
Who lives in 71202?
ZIP code 71202 has a population of 25,444 and a median household income of $28,213.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Bonita, LA

    Typical home
    $67,208
    Gross yield
  • Bastrop, LA

    Typical home
    $86,932
    Gross yield
  • Mer Rouge, LA

    Typical home
    $88,559
    Gross yield
  • Lillie, LA

    Typical home
    $102,596
    Gross yield
  • Bernice, LA

    Typical home
    $107,490
    Gross yield
  • Spearsville, LA

    Typical home
    $122,237
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 71202 against any other ZIP — full side-by-side table.

Compare 71202

#Jump to section