ZIP Code · LA

ZIP 71202

Part of Monroe, LA

Pop. 25,444·Ouachita Parish·91st most expensive ZIP in Louisiana

Median rent (all units)

$749/mo

Year-over-Year

Stable

Month-over-Month

-1.7%

vs US Median

-$1,183

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 71202 · $749

More affordable than 100% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$690

1 BR

$720

2 BR

$930

3 BR

$1,200

4 BR+

$1,230

Research median

$930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($28,213) is $705 a month. That covers HUD's Fair Market Rent for up to a studio ($690); a 1-bedroom is $720.

From Zillow's monthly rent index (ZORI) for ZIP 71202. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$8,988/yr

At $749/mo median

Location

CityMonroe

StateLA

CountyOuachita Parish

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.7% MoM), not inventory.

Demographics

Who lives here

ZIP 71202 (Monroe, LA) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 11.2% of residents hold a bachelor's degree or higher.

Population

25,444

Median income

$28,213

Median age

35.1

Renters

53.8%

Age distribution

28.4%

21.5%

22.9%

12.3%

14.8%

Under 1828.4%

18–3421.5%

35–5422.9%

55–6412.3%

65+14.8%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

87.5%

White10.2%

Black87.5%

Hispanic0.6%

Other1.3%

Education (25+)

23.5%

36.1%

29.2%

No HS diploma23.5%

HS diploma36.1%

Some college29.2%

Bachelor's+11.2%

Housing tenure

46.2%

53.8%

Owner46.2%

Renter53.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 71202 in Monroe, LA has changed in 5 years

Income

$24,866 → $28,213

up 13.5%

Population

27,503 → 25,444

down 7.5%

Renter share

53.9% → 53.8%

-0.1 pts

Bachelor's+

8.8% → 11.2%

+2.4 pts

Median age

33.9 → 35.1

+1.2 yrs

Local incomes tracked alongside that move, going from a median of $24,866 in 2021 to $28,213 more recently. Headcount in the area went from 27,503 to 25,444 between 2021 and 2024, a 7.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 8.8% to 11.2%.

Community

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Local insights

Tips for renters in ZIP 71202

About renting in ZIP 71202

Last updated: September 25, 2026

ZIP code 71202 covers Monroe, LA. The median rent here is $749/mo as of September 2026. A 1-bedroom rents for a median of $720/mo. A 2-bedroom rents for a median of $930/mo.

At 32% of local median household income ($28,213/yr), ZIP 71202 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 71202?

To keep rent at or below 30% of gross income, you would need to earn at least $30,000/year (about $14/hour full-time) to afford the median rent of $749/mo in ZIP 71202. The local median household income is $28,213/yr, so the typical household falls short of that bar.