71119, Shreveport, LA

The home equity and home prices in the 71119 zip code of Shreveport, LA are very high. According to Zillow, the median home value in this zip code is $183,700. This is significantly higher than the national median home value of $157,600. In addition, the percentage of homes in this zip code that are worth more than $200,000 is also high. This indicates that there is a lot of wealth concentrated in this area.

One reason for this high level of wealth concentration may be the presence of a lot of wealthy residents and businesses in the 71119 zip code. For example, Shreveport is home to several large corporations, such as Caddo Parish Hospital and Entergy Corporation. These companies may be able to afford to pay higher salaries and bonuses which can help to increase the value of homes in the area. Additionally, many affluent residents may choose to live in Shreveport because it has a good quality of life and plenty of amenities. For example, Shreveport has a well-educated population and plenty of recreational opportunities.

Despite these factors, there are some risks associated with living in this area. For example, if there was an economic downturn or another recession hit Shreveport hard, it could have a negative impact on property values and homeowners' equity levels. Additionally, while Shreveport has a good quality of life overall it can be susceptible to crime rates which could lead some people to choose other areas instead.