71263, Oak Grove, LA

The Oak Grove, Louisiana zip code 71263 has a population of just over 10,000 people. The median household income in this zip code is just under $50,000. This means that the home equity and home prices in this area are quite high.

According to Zillow, the median home value in the Oak Grove zip code is $192,600. This means that the average homeowner in this area has a home equity of over $130,000. Additionally, Zillow reports that the average home price growth rate for homes in this zip code is 5%. This means that homeowners in this area have seen their homes increase in value by an average of 5% over the past year.

Given these high values and fast growth rates, it's no surprise that homeownership rates are high in the Oak Grove zip code. According to NeighborhoodScout data, as of 2016 there were 88% homeownership rates for homes within this zip code. This is significantly higher than the national homeownership rate of 63%.

Given all these factors - high home values and high homeownership rates - it's clear that homeowners in the Oak Grove zip code are doing very well financially. They can enjoy increased wealth over time as their homes continue to appreciate in value.