71203 — Monroe, LA Home Values
Typical home value $188,646 as of August 2026 · 8th of 19 in Monroe, LA
Blue: typical home value (Zillow ZHVI) in ZIP code 71203, August 2021 to August 2026. This page shows observed data only; no forecast.
How 71203 compares in the Monroe, LA area
ZIP code 71203 (Monroe, LA) has a typical home value of $188,646 as of August 2026, ranking 8th of 19 ZIP codes tracked in the Monroe, LA area, more expensive than about 63% of ZIP codes in the metro. Prices here have moved +1.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +15.0%, from $163,995 in August 2021 to $188,646 in August 2026. Against observed rent, the typical home here sells for 10.8× the annual rent ($1,460/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Monroe, LA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Monroe.
Population and demographics
ZIP code 71203 has a population of 38,770, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 48.1% Black or African American, 45.3% White, 2.8% two or more races, 1.9% Hispanic or Latino, 1.4% Asian, and 0.4% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| East Ouachita Middle School | 859 Swartz Fairbanks, Monroe, LA | 1.4 mi |
| Swartz Lower Elementary School | 235 Swartz School Rd, Monroe, LA | 1.9 mi |
| Swartz Upper Elementary School | 400 Lincoln Hill Drive, Monroe, LA | 1.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 71203?
$188,646 as of August 2026, the latest month Zillow has published observed data for.
Is 71203 an expensive ZIP code in the Monroe, LA area?
71203 ranks 8th of 19 ZIP codes in the Monroe, LA area by typical home value, more expensive than about 63% of ZIP codes in the metro.
How much have home values in 71203 changed over the past year?
+1.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 71203?
The typical home price is 10.8× the observed annual rent in this ZIP code ($1,460/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 71203?
38,770, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 71203?
East Ouachita Middle School (1.4 mi), Swartz Lower Elementary School (1.9 mi), Swartz Upper Elementary School (1.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 71203?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Monroe, LA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.