How much is a home worth in ZIP code 71203?

The typical home in 71203 is worth $186,243, based on the Zillow Home Value Index.

Are home values rising in 71203?

Home values in 71203 are up 0.3% over the past year, and up 3.2% a year over five years.

What is the typical rent in 71203?

A typical home in 71203 rents for about $1,350 a month, a gross rental yield of 8.7%.

What is the property tax rate in 71203?

The effective property tax rate in 71203 is 0.6% — roughly $1,181 a year on a typical home.

ZIP code 71203 has a population of 38,354 and a median household income of $52,326.

HousingHandbookReference data

…

U.S. ZIP Code · LA71203

Ouachita Parish · Monroe, LA

Typical home value

$186,243^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.3%
5-year / yr: +3.2%
10-year / yr: +2.2%

Relative price

vs U.S.: -34.4%
vs metro: +21.1%
vs state: +2.5%

Price history

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

The typical home in 71203 is worth $186,243 — 21.1% above the Monroe, LA median. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,350 a month — a 8.7% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $1,350^[2]
Gross yield: 8.7%^[2]
Cap rate: 5.2%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,181^[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: 38,354^[3]
Median household income: $52,326^[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: 11
Elementary: 6
Middle: 2
High: 2

Ouachita Parish High School
High · Grades 8–12 · Ouachita Parish
1,190 students
Jack Hayes Elementary School
Elementary · Grades PK–5 · Ouachita Parish
565 students
Lakeshore School
Elementary · Grades PK–5 · Ouachita Parish
563 students
Sterlington High School
High · Grades 9–12 · Ouachita Parish
557 students
East Ouachita Middle School
Middle · Grades 6–8 · Ouachita Parish
516 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.

Home value$Monthly rent$

Gross yield8.7%

Net yield (after ~40% expenses)5.2%

Annual rent$16,200

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$942

Loan principal$148,994

Down payment$37,249

Total interest paid$190,034

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.88

Monthly cost to own$1,195

Monthly rent$1,350

Owning is meaningfully cheaper month-to-month.

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: 94th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 71203?: The typical home in 71203 is worth $186,243, based on the Zillow Home Value Index.
Are home values rising in 71203?: Home values in 71203 are up 0.3% over the past year, and up 3.2% a year over five years.
What is the typical rent in 71203?: A typical home in 71203 rents for about $1,350 a month, a gross rental yield of 8.7%.
What is the property tax rate in 71203?: The effective property tax rate in 71203 is 0.6% — roughly $1,181 a year on a typical home.
Who lives in 71203?: ZIP code 71203 has a population of 38,354 and a median household income of $52,326.

#Comparable ZIPs

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

71241 vs 71203 →
Farmerville, LA
Typical home
$180,133
Gross yield
—
71264 vs 71203 →
Oak Ridge, LA
Typical home
$179,377
Gross yield
—
71269
Start CDP, LA
Typical home
$170,456
Gross yield
—
71234
Downsville, LA
Typical home
$206,977
Gross yield
—
71201
Monroe, LA
Typical home
$213,049
Gross yield
7.8%
71291
Claiborne CDP, LA
Typical home
$217,087
Gross yield
7.2%

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

Compare ZIPs

Pit ZIP 71203 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA71203

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