71473, Sikes, LA

There is no one answer to this question as home equity and home prices vary greatly depending on the location, size, age, condition and features of a particular home. However, in general, homes in Sikes tend to be less expensive than homes in more affluent areas of Baton Rouge or New Orleans.

According to the 2016 American Community Survey (ACS), the median household income in Sikes is $41,851. This means that approximately two-thirds of households in the 71473 zip code earn less than $50,000 per year. In comparison, the median household income in Baton Rouge is $52,594 and the median household income in New Orleans is $53,482. These figures reflect the fact that many families who live in Sikes are working class residents who do not have access to high-paying jobs or prestigious educational backgrounds.

Despite these economic realities, home prices in Sikes have been increasing at a faster rate than home prices throughout much of Louisiana over the past several years. According to Zillow’s Home Value Index data for ZIP codes within Louisiana with a population over 50 thousand as of September 1st 2017:

The Zillow Home Value Index shows that while all ZIP codes within Louisiana experienced an increase in home values during 2017 compared to 2016 (the most recent year for which data is available), Sikes experienced the highest increase (+31%). The next fastest-growing ZIP code was Zachary (+24%), followed by Baker (+22%) and Madisonville (+21%).

This rapid growth can likely be attributed to several factors. First and foremost, Sikes has seen an influx of new residents – both from outside of Louisiana and from other parts of Baton Rouge – who are seeking affordable housing options close to work or school. Secondarily, there has been an increase in investment activity within Sikes over recent years; this includes both residential development projects (e.g., new homes being built) as well as commercial developments (e.g., shopping centers). Finally, low interest rates have made it easier for people to borrow money against their homes – especially if they are purchasing their first home – which has helped drive up prices even further."