Interested in purchasing investment houses in the 71202 zip code in Monroe, LA?
The zip code 71202 is in Ouachita county with a latitude of -92.056250000000 and longitude of 32.395900000000, is in the state of Louisiana. The average asking price of houses and condos is $117,800.00 and the average sale price was $51,735.00. this regions is classified as the Monroe metro area and is in the 318 area code. The location in degrees is 32° 23' 45.24" N, 92° 3' 22.5" W. The county F.I.P.S. is 22073. This zip code contains two cities including Monroe, LA (5.98%), and Richwood, LA (2.16%) The total land area is 115.4 square miles and the water area is 2.7 square miles. The elevation in this area is 52 - 72 feet. The zip code is on central standard time and observes daylight savings time.
The zip 71202 is in county number 021 and is L. Sector 86, L. Segment 04, H. Sector 04, and H. Segment 04. The population was 29,224 in 2019 and 29,044 in 2010. Of this, the break down in 2019 was 25,707 urban and 3,516 rural. This further breaks down to 14,881 males (50.9%) and 14,342 females (49.1%). The median age of residents is 32.6 years. The population of the greater Monroe, LA area is 174,353. The population density (people per square mile) is 253. This zip code has a combined total of 10,905 houses and condos. There are 4,813 rented appartments. 55% of residents rent versus the 55% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $22,915 and the average salary is $21,216. The median household income of individuals is $23,427.00 and the average is $25,200.00. This zip code has a mean commute time to work of 16.7 minutes. The unemployment rate is 10.5%. Income earners by percent breakdown as 80.30% (Under $50,000), 16.20% ($50,000-$100,000), and 3.50% earn over $100,000. 47.1% of residents live below poverty line versus the 19.0% in the state that are below this line. The cost of living index is 83.6. The educational breakdown is 74.9% have a high school education or higher, 7.8% have a bachelor's degree or higher, and 2.9% have some kind of profesional degree.
This area has 9,068 households and the average size is 2.9 people. Individuals who are single and have never been married are 55.1%, 22.8% are now married, 4.6% are separated, 6.7% are widowed, and 10.8% are divorced. The average yearly contribution amount given by people to charity was $6,514 versus the state average of $5,533. The percent of residents who gave to charity was 6.1%.
The estimated median value of houses and condos is $71,431. The median monthly owner costs of mortgage holders was $841, where as the costs for those who don't have a mortgage are $266. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 0.3% which equated to an average real estate tax amount payment of $207. In comparision, the average real estate tax percent rate in the state is 0.5% which equated to an average real estate tax amount payment in the state of $919. The median housing property tax percent for residents with mortgages was 0.3% which amounted to an average tax amount of $207. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.3% which amounted to an average tax amount of $208. Reported taxable interest for persons was $445, dividends $1,246, capital gains +$240, and itemized deductions $17,924. The average earned income tax credit is $3,228. The percent of individuals that use a tax preparer is 61.4%. The total average income taxes paid by individuals was $2,833. Businesses reported an average profit of $5,561.
Big Momma's Fine Foods
1118 S 2nd St, Monroe, LA 71202
China Garden Restaurant
608 Highway 165 S, Monroe, LA 71202
Russell J Restaurant Equipment & Supply Co
1104 Thomas Ave, Monroe, LA 71202
Fox's Pizza Den
4015 Highway 165 S, Monroe, LA 71202
Outback Steakhouse
305 Constitution Dr, West Monroe, LA 71292 (8.2 miles away)
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