71334, Ferriday, LA

The Ferriday, Louisiana zip code 71334 has a population of just over 10,000 people. The median household income in this zip code is just over $50,000, and the median home value is just over $150,000. Ferriday's home equity and home prices are both very high compared to the rest of the United States.

There are a number of reasons why Ferriday's home equity and home prices are so high. First, Ferriday is located in one of the most affluent parts of Louisiana. Second, Ferriday's economy is very stable - there have been no major economic downturns in recent years that would cause homes to sell for less than their original value. Third, there is a limited number of homes available for sale in Ferriday - which means that buyers have more competition for each property they want to buy. Fourth, many homeowners in Ferriday have taken advantage of the low interest rates available on mortgages in recent years - which has helped to increase their home values even further. Fifth, many homeowners in Ferriday have invested money into their homes - either through improvements such as new roofs or decks or by purchasing land nearby and developing it into a new house or estate property. All these factors together mean that homeownership rates in the 71334 zip code are high and home values are correspondingly high.