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These days, finding an affordable place to live in the 71016 area can be challenging. Home prices in 71016 are now at a median cost of $74,300, lower than the Louisiana average of $194,522.
The average cost of rent is $508/mo in 71016, primarily driven by the current value of real estate in the 71016 area. While nearly 71.04% of residents own their homes outright in 71016, 22.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in 71016 is $4,366 per month. Households that rent pay about 11.64% of their income on rent here. 71016's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 71002, LA: higher priced homes
- 71045, LA: equally priced homes
- 71070, LA: higher priced homes
- 71034, LA: higher priced homes
- 71008, LA: less expensive homes
- 71068, LA: equally priced homes
- 71247, LA: higher priced homes
- 71051, LA: higher priced homes
- 71268, LA: higher priced homes
- 71251, LA: higher priced homes
Zip Codes with Similar Populations
- 72013, AR: higher priced homes
- 42325, KY: equally priced homes
- 43466, OH: higher priced homes
- 44510, OH: less expensive homes
- 45871, OH: higher priced homes
- 46048, IN: higher priced homes
- 56672, MN: higher priced homes
- 57058, SD: higher priced homes
- 57362, SD: higher priced homes
- 68071, NE: equally priced homes
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