71118, Shreveport, LA

The Shreveport, Louisiana zip code 71118 has a population of about 197,000 people and an average home value of $101,000. The median home value in this zip code is about $86,000 which is lower than the national median home value of $177,500. This indicates that there are a lot of homes in this zip code that are worth less than the national average.

One reason why the homes in this zip code may be worth less than the national average is because there are a lot of homes that were built before 2000. These older homes may not have been well-maintained and may not be in good condition. Additionally, many people who live in this zip code may not have enough money to keep up with repairs on their homes. As a result, these homes may eventually become uninhabitable and lose their value.

Another reason why the homes in this zip code may be worth less than the national average is because there are a lot of single-family homes here instead of apartments or condos. This means that most people who live here own their own home rather than renting it from someone else. This can make it harder for people to sell their home if they want to move out or if they need to sell it at a time when prices are lower overall due to market conditions elsewhere in the country.