71045, Jamestown, LA

The 71045 zip code of Jamestown, Louisiana is located in the southeastern part of the state and includes a population of about 24,000 people. The median household income in this area is around $60,000 and the median home value is around $130,000.

Since 2007, when home values peaked in this area, they have been on a steady decline. In 2017, the median home value was only $105,000 which is a decrease of almost 20% from 2007. This trend has continued into 2018 with the median home value currently sitting at $103,500.

There are several factors that may be contributing to this decline in home values. One reason could be that there are not enough homes available for sale in this area which could lead to higher prices due to demand. Another reason could be that interest rates have been increasing over time which makes it more difficult for people to afford homes outright or borrow against their homes equity. Finally, there has been an increase in mortgage delinquencies and foreclosures over the past few years which has impacted home values negatively.