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1031 Exchange Monroe, Louisiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Monroe due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Monroe, Louisiana is a part of the Monroe, LA metropolitan area, and contains 10 zip codes, including: 71209, 71212, 71211, 71201, 71207, and 71217.

Monroe Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Monroe, LA metropolitan area was $731, which is 9.92% lower than 2014 average rent. This represents a compounded annual growth rate of 1.91%. 2019 vacancy in Monroe, LA was 5.70%.

The total population of the city of Monroe, LA has decreased 1.92% since 2010. As of 2018, the population was 47,877. The median household income of the Monroe was $30,009, which is 50.23% lower than the national average.

  • metropolitan area Monroe, LA
  • avg rent $731
  • rent growth 9.92%
  • vacancy 5.70%
  • median income $30,009
  • population (2018) 47,877
  • population growth -1.92%
  • vs. nat'l avg 50.23%
  • zip codes 71201 71202 71203 71207 71209 71210 71211 71212 71213 71217

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