ZIP 71118 - 860Z200US71118 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 71118, located in the Shreveport area of Louisiana, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the dynamics of this area.

Population & Households

ZIP 71118 is home to a population of 24,994 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 9,111 households, reflecting a diverse range of family structures and living arrangements. With 10,078 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this region.

Income & Housing Costs

The median household income in ZIP 71118 stands at $56,952, positioning it as a middle-income area with reasonable affordability for many families and individuals. When it comes to housing, the median home value is $168,600, which is relatively accessible compared to national averages, making this ZIP code an attractive option for first-time homebuyers or investors seeking value. For renters, the median rent is $1,009 per month, offering a more budget-friendly alternative to homeownership while still providing access to the community’s amenities and resources.

Race & Ethnicity

The racial and ethnic makeup of ZIP 71118 is notably diverse, reflecting a vibrant and multifaceted community. The population is composed of 58.26% Black residents, 32.79% White residents, 3.96% Hispanic or Latino individuals, and 1.17% Asian residents. This diversity can be a significant draw for those seeking an inclusive environment, whether for raising a family, starting a business, or building community connections. It also suggests a cultural richness that could influence local markets, events, and social dynamics.

Key Facts

• Total population: 24,994 residents, offering a mid-sized community feel.
• Total households: 9,111, with a range of family and individual living arrangements.
• Total housing units: 10,078, indicating potential availability for new residents or investors.
• Median household income: $56,952, reflecting a stable economic base for many households.
• Median home value: $168,600, an affordable entry point for homeownership.
• Median rent: $1,009, providing a cost-effective option for renters.
• Racial diversity: Predominantly Black (58.26%) and White (32.79%), with smaller Hispanic (3.96%) and Asian (1.17%) populations.

What This Means for You

For homebuyers, ZIP 71118 presents an affordable housing market with a median home value of $168,600, well within reach for many budgets. The slight surplus of housing units (10,078 total versus 9,111 households) suggests you might find options to choose from, whether you’re looking for a starter home or a family residence. The median rent of $1,009 also makes this area viable if you’re not ready to buy.

For real estate investors and agents, the combination of reasonable home values and a stable median income of $56,952 indicates a market with potential for steady demand. The diversity of the population could also mean a broad tenant or buyer pool, while the housing unit surplus might offer opportunities for flipping or rental properties.

For small-business owners, the diverse demographic profile and mid-sized population of 24,994 provide a solid customer base with varied needs and preferences. The median income suggests moderate purchasing power, ideal for businesses offering essential goods, services, or culturally relevant products.

For analysts, these metrics highlight a balanced community with economic stability and diversity, worth monitoring for trends in housing demand, income growth, or demographic shifts over time.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 71118? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to inform your next move, investment, or business strategy with confidence and precision.