71118 — Caddo Parish, Louisiana Market Snapshot
Housing market data for zip code 71118 in Caddo Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
70 sales in 2026 (year to date)
Median Sale Price
$165,250
Days to Sell
53
Homes Sold
70
Inventory
58
Sale-to-List
98.0%
New Listings
64
Price/SqFt
$107
Pending Sales
82
Conforming Loan Available
Most homebuyers in 71118 can comfortably use conventional financing. The median home price of $165,250 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
71118's market is balanced with homes taking an average of 53 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 71118 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71118 can comfortably use conventional financing. The median home price of $165,250 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 71118 are set at the county level.
2026 Loan Limits — Caddo 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 71118
To purchase the median home at $165,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,416.
Monthly Payment
$1,416
Income Required
$60,690
Principal & Interest
$1,018/mo
Down Payment (5%)
$8,263
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 71118.
Estimated Monthly Payment
$1,173
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