71223 — Morehouse Parish, Louisiana Market Snapshot
Housing market data for zip code 71223 in Morehouse Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Morehouse Parish county page for broader data.
Market Sales Data
1 sales in 2022
Median Sale Price
$65,026
Days to Sell
41
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 71223 can comfortably use conventional financing. The median home price of $65,026 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
71223's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 71223 can comfortably use conventional financing. The median home price of $65,026 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 71223 are set at the county level.
2026 Loan Limits — Morehouse 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 71223
To purchase the median home at $65,026 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $648.
Monthly Payment
$648
Income Required
$27,780
Principal & Interest
$401/mo
Down Payment (5%)
$3,251
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 71223.
Estimated Monthly Payment
$552
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