71028, Gibsland, LA

The Gibsland, LA 71028 zip code has a population of approximately 9,000 people. The median household income in the zip code is $51,000 and the median home value is $161,500. The Gibsland area has seen a moderate increase in home prices over the past few years. In January of 2016, the median home value was $157,500 and by December of 2018 it had increased to $171,500.

There are several factors that have contributed to this increase in home values in the Gibsland area. One reason is that there are a limited number of homes for sale in the zip code which has resulted in an increase in demand for homes. Additionally, Gibsland is located close to several major cities such as Baton Rouge and New Orleans which have been contributing to an increase in job opportunities and wage rates. Finally, Gibsland has experienced relatively low levels of unemployment which has also helped to drive up home values.

Despite these positive trends, there are some potential risks that could affect future home values in the Gibsland area. One potential risk is if interest rates rise significantly from their current levels which could lead to a decrease in demand for homes and consequently lower prices. Another potential risk is if there are any significant changes made to zoning laws or regulations that could impact how easily or economically homes can be converted into businesses or other uses.