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Banks Springs CDP, LA

ZIP 71418 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 71418

Median Home Value
$89,700
Median Rent
$447
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$576/mo PITI).

17%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.7 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 71418 in Banks Springs CDP, 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.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
66.4%+2% vs US avg
x
Vacancy Rate
27.6%+168% vs US avg
x
Broadband Access
72.4%-17% vs US avg
x
4+ Bedrooms
0.5%-97% vs US avg
x
Built Pre-1939
5.7%-55% vs US avg
x
Built Post-2014
0.9%-88% vs US avg
x
Rent Burden >30%
24.8%-50% vs US avg
x
Mortgage-Free
65.6%+72% vs US avg
x
$89,700
Home Value
$447
Rent
1988
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached50.3%
  • 1-unit attached0.2%
  • 2-9 units5.0%
  • 10+ units1.2%
  • Mobile home & other43.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$89,700
Median rent$447
Owner-occupied66.4%
Vacant27.6%
Price-to-income2.8x
Est. income to buy$25,000