71303 — Rapides Parish, Louisiana Market Snapshot
Housing market data for zip code 71303 in Rapides Parish, Louisiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
56 sales in 2026 (year to date)
Median Sale Price
$273,500
Days to Sell
36
Homes Sold
56
Inventory
48
Sale-to-List
96.8%
New Listings
57
Price/SqFt
$129
Pending Sales
74
Conforming Loan Available
Most homebuyers in 71303 can comfortably use conventional financing. The median home price of $273,500 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
71303's market is balanced with homes taking an average of 36 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 71303 sells for 3.2% below asking price (96.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 71303 can comfortably use conventional financing. The median home price of $273,500 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 71303 are set at the county level.
2026 Loan Limits — Rapides 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 71303
To purchase the median home at $273,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,245.
Monthly Payment
$2,245
Income Required
$96,234
Principal & Interest
$1,685/mo
Down Payment (5%)
$13,675
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 71303.
Estimated Monthly Payment
$1,843
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