70462, Springfield, LA

The Springfield, Louisiana zip code 70462 has a population of around 107,000 people and is located in the southeastern part of the state. The median household income in this zip code is $50,000 which is lower than the national median household income of $53,046. However, the home equity and home prices in this zip code are much higher than the national average.

According to Zillow’s Home Value Index for ZIP Codes within 100 miles of Springfield, Louisiana (which covers all of Louisiana), the median home value in this zip code is $181,200 which is more than double the national average home value of $117,500. Furthermore, Zillow’s index shows that homes in this zip code have been increasing in value at a rate of 6.2% annually over the past three years which is much faster than the nationwide average rate of 2.9%. This indicates that there are a lot of potential buyers and sellers in this area who are interested in purchasing or selling homes.

One reason why homes values have been increasing so rapidly in Springfield is because there are a lot of new development projects underway within this area. For example, there is a new shopping mall being built called The Shops at Greenbrier which will include several high-end stores such as Saks Fifth Avenue and Neiman Marcus. Additionally, there are several new luxury apartments being built near downtown Springfield which will also attract many buyers and sellers to this area over time.

Overall, it appears that there are plenty of opportunities for buyers and sellers alike to find properties that fit their needs within the Springfield area – especially if they have enough money to invest. Therefore, if you're looking to buy or sell a home within this zip code – or any other nearby ZIP codes – you should definitely consult with an experienced real estate agent who can help you navigate all of your options intelligently