71055, Minden, LA

The 71055 zip code of Minden, LA is located in the northwestern corner of the state and includes a population of just over 21,000 people. Home prices in this area have been on the rise for several years now, with prices increasing by an average of 6% each year. In fact, according to Zillow’s 2018 report on home values in Louisiana, the 71055 zip code ranks as the fifth most expensive zip code in Louisiana.

One reason why home prices have been increasing so rapidly in this area is that there are a lot of potential buyers who are looking for properties that are within reach. The median price for homes in this zip code is just over $245,000 which makes it relatively affordable when compared to other areas in Louisiana. Additionally, there are a number of new developments being built in and around Minden which is likely contributing to the high demand for homes here.

Despite these positive factors, there are some risks associated with buying a home in the 71055 zip code. For example, if you don’t have enough money saved up to cover a down payment on a home or if you experience financial difficulties later on, you may find yourself unable to sell your property or face significant debt payments. Additionally, since Minden is located near several major cities (Shreveport and Baton Rouge among them), there may be more competition for homes than usual – meaning that it might take longer than usual to find a buyer who is willing to pay what you're asking for your property.