71238, Eros, LA

The 71238 zip code of Eros, Louisiana is located in the southeastern portion of the state and includes a population of approximately 4,000 residents. The median household income in this zip code is $39,000, which is significantly lower than the statewide median household income of $57,617. The homeownership rate in this zip code is just over 60%, which is lower than the statewide homeownership rate of 67%.

Home prices in this zip code have been declining for the past several years. In March 2016, the median home price was $135,000. By March 2017, that figure had decreased to $128,500. In March 2018, the median home price was once again below $130,000. This downward trend may be due to a number of factors including low housing inventory and increasing interest rates.

Despite these declines, home equity remains high in this zip code compared to other areas throughout Louisiana. The average home equity balance in this zip code is $187,500 which is more than double the statewide average home equity balance of $103,200. Additionally, nearly two-thirds (64%)of households in this zip code have at least some equity in their homes compared to just over half (52%)of households statewide who report having at least some equity in their homes.