71203 — Ouachita Parish, Louisiana Market Snapshot
Housing market data for zip code 71203 in Ouachita Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
99 sales in 2026 (year to date)
Median Sale Price
$250,642
Days to Sell
44
Homes Sold
99
Inventory
64
Sale-to-List
97.2%
New Listings
104
Price/SqFt
$133
Pending Sales
116
Conforming Loan Available
Most homebuyers in 71203 can comfortably use conventional financing. The median home price of $250,642 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
71203's market is balanced with homes taking an average of 44 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 71203 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71203 can comfortably use conventional financing. The median home price of $250,642 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 71203 are set at the county level.
2026 Loan Limits — Ouachita 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 71203
To purchase the median home at $250,642 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,070.
Monthly Payment
$2,070
Income Required
$88,729
Principal & Interest
$1,544/mo
Down Payment (5%)
$12,532
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 71203.
Estimated Monthly Payment
$1,701
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