71115 — Caddo Parish, Louisiana Market Snapshot
Housing market data for zip code 71115 in Caddo Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$137,750
Days to Sell
60
Homes Sold
18
Inventory
19
Sale-to-List
97.7%
New Listings
21
Price/SqFt
$104
Pending Sales
20
Conforming Loan Available
Most homebuyers in 71115 can comfortably use conventional financing. The median home price of $137,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 60 days on average, 71115 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 71115 sells for 2.3% below asking price (97.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71115 can comfortably use conventional financing. The median home price of $137,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 71115 are set at the county level.
2026 Loan Limits — Caddo Parish
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 71115
To purchase the median home at $137,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,205.
Monthly Payment
$1,205
Income Required
$51,660
Principal & Interest
$849/mo
Down Payment (5%)
$6,888
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 71115.
Estimated Monthly Payment
$1,003
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