71001, Arcadia, LA

The 71001 zip code of Arcadia, LA is home to a number of affluent and well-to-do residents. Home values in this area are among the highest in the state, and many homeowners have taken advantage of low interest rates to increase their equity in their homes. In addition, the local economy is strong, which has helped to support prices.

According to Zillow, the median home value in the 71001 zip code was $269,200 as of September 2017. This represents a 6% increase from 2016 and a 21% increase from 2007. In addition, Zillow reports that the average home value per square foot is $137, which is higher than both the statewide average ($123) and national average ($119).

Given these high values and strong market conditions, it's no surprise that homeownership rates in this area are high. As of 2016, 68% of households in the 71001 zip code were owner-occupied compared to only 31% nationally. Additionally, according to NeighborhoodScout data, 95% of adults aged 25 or older have at least some college education – one of the highest rates in Louisiana. This level of educational attainment likely contributes to high demand for housing stock and contributes to overall stability in home prices.