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Wallace Ridge CDP, LA

ZIP 71343 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 71343

Median Home Value
$85,700
Median Rent
$565
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$551/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 71343 in Wallace Ridge CDP, LA, a household would need roughly $24,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $551. That sits below the local median household income ($46,362), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.8%+21% vs US avg
x
Vacancy Rate
30.8%+199% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
27.3%-45% vs US avg
x
Mortgage-Free
71.4%+87% vs US avg
x
$85,700
Home Value
$565
Rent
1980
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.3%
  • 1-unit attached0.2%
  • 2-9 units1.7%
  • 10+ units5.0%
  • Mobile home & other37.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$85,700
Median rent$565
Owner-occupied78.8%
Vacant30.8%
Price-to-income1.8x
Est. income to buy$24,000