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Affordable
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These days, finding an affordable place to live in the 71118 area can be challenging. Home prices in 71118 are now at a median cost of $163,646, lower than the Louisiana average of $235,139.
The average cost of rent is $1,138/mo in 71118, primarily driven by the current value of real estate in the 71118 area. In 71118, 38.07% of households rent, and 30.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 71118 is $4,484 per month. Households that rent pay about 25.37% of their income on rent here. 71118’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 71108, LA: less expensive homes
- 71106, LA: higher priced homes
- 71129, LA: higher priced homes
- 71109, LA: less expensive homes
- 71115, LA: higher priced homes
- 71047, LA: less expensive homes
- 71119, LA: higher priced homes
- 71103, LA: less expensive homes
- 71105, LA: higher priced homes
- 71104, LA: equally priced homes
Zip Codes with Similar Populations
- 10512, NY: higher priced homes
- 11784, NY: higher priced homes
- 15101, PA: higher priced homes
- 32953, FL: higher priced homes
- 23701, VA: higher priced homes
- 27549, NC: higher priced homes
- 27591, NC: higher priced homes
- 29418, SC: higher priced homes
- 89048, NV: higher priced homes
- 76504, TX: higher priced homes
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