71106, Shreveport, LA

The 71106 zip code of Shreveport, LA is home to a population of around 210,000 people. In 2017, the median home value in this zip code was $130,000. This is a decrease from the median home value of $142,500 in 2016. The average sale price for homes in this zip code has also decreased over the past two years, from $158,500 in 2016 to $147,000 in 2017.

There are several factors that could be contributing to these decreases in home values and sales prices. One reason could be that there are fewer homes available for sale due to increased demand and low inventory levels. Another reason could be that interest rates have been increasing over the past few years which has made purchasing a home more expensive. Additionally, some homeowners may be choosing to sell their homes sooner rather than later because they believe that prices will continue to decline or they are concerned about potential future market volatility.

Despite these decreases in home values and sales prices, it is important to keep in mind that Shreveport remains one of the most affordable cities in Louisiana with an average cost of living index of 83%. Additionally, despite recent decreases in housing market activity there have been no reports of major structural problems with the local economy which would suggest that overall economic conditions are stable or improving.