71220 — Ouachita Parish, Louisiana Market Snapshot
Housing market data for zip code 71220 in Ouachita Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$139,950
Days to Sell
102
Homes Sold
16
Inventory
37
Sale-to-List
0.0%
New Listings
25
Price/SqFt
$85
Pending Sales
25
Conforming Loan Available
Most homebuyers in 71220 can comfortably use conventional financing. The median home price of $139,950 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 102 days on average, 71220 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 71220 sells for 100.0% below asking price (0.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71220 can comfortably use conventional financing. The median home price of $139,950 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 71220 are set at the county level.
2026 Loan Limits — Ouachita 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 71220
To purchase the median home at $139,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,222.
Monthly Payment
$1,222
Income Required
$52,382
Principal & Interest
$862/mo
Down Payment (5%)
$6,998
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 71220.
Estimated Monthly Payment
$1,016
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