71360 — Grant Parish, Louisiana Market Snapshot
Housing market data for zip code 71360 in Grant Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
80 sales in 2026 (year to date)
Median Sale Price
$240,000
Days to Sell
25
Homes Sold
80
Inventory
66
Sale-to-List
97.7%
New Listings
107
Price/SqFt
$130
Pending Sales
100
Conforming Loan Available
Most homebuyers in 71360 can comfortably use conventional financing. The median home price of $240,000 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
Homes in 71360 are moving quickly at 25 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 71360 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 71360 can comfortably use conventional financing. The median home price of $240,000 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 71360 are set at the county level.
2026 Loan Limits — Grant 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 71360
To purchase the median home at $240,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,989.
Monthly Payment
$1,989
Income Required
$85,234
Principal & Interest
$1,479/mo
Down Payment (5%)
$12,000
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 71360.
Estimated Monthly Payment
$1,635
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