71241 — Union Parish, Louisiana Market Snapshot
Housing market data for zip code 71241 in Union 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
$237,375
Days to Sell
74
Homes Sold
16
Inventory
24
Sale-to-List
96.2%
New Listings
21
Price/SqFt
$145
Pending Sales
19
Conforming Loan Available
Most homebuyers in 71241 can comfortably use conventional financing. The median home price of $237,375 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 74 days on average, 71241 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 71241 sells for 3.8% below asking price (96.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71241 can comfortably use conventional financing. The median home price of $237,375 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 71241 are set at the county level.
2026 Loan Limits — Union 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 71241
To purchase the median home at $237,375 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,969.
Monthly Payment
$1,969
Income Required
$84,373
Principal & Interest
$1,463/mo
Down Payment (5%)
$11,869
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 71241.
Estimated Monthly Payment
$1,619
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