ZIP Code 71418 — Banks Springs CDP, LA Demographics & Data

ZIP code 71418 covers Banks Springs, LA in Caldwell Parish with a population of about 5,351.

At a glance, the area shows median age of 34.9 versus a U.S. median of about 38.9.

It sits in telephone area code 318; U.S. House district LA-5; the MONROE - EL DORADO media market.

Median household income in ZIP 71418 is about $31,975 — about 57% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 32.4%; unemployment rate near 6.6%; 8.8% of adults with a bachelor’s degree or higher (about 24.9 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Construction, Manufacturing, and Healthcare; about 4.7% of workers reporting work-from-home (about 10.5 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $89,700 — about 74% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $447 (about 62% below the U.S. median rent ($1,163)), and owner-occupancy near 66.4% (about 1.0 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 71418 in Banks Springs, LA, a household would need roughly $25,000 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 $576. That sits below the local median household income ($31,975), 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.

Climate normals for Banks Springs CDP, LA show little to no average snow and around 59.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 212 for ZIP 71418 (Banks Springs CDP, LA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.