The story of this market
The typical home in ZIP 71051 sells for about $199,000, or $115 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,045 a month.
ZIP 71051 — Elm Grove
The housing market in the Shreveport-Bossier City area shows modest price appreciation with a median sale price of approximately $199,000. Market activity is characterized by a stable inventory level and moderate days on market, though specific ZCTA-level metrics for 71051 are limited due to non-disclosure laws in Louisiana.
Median prices moved up 1.2% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is subject to significant precipitation and heat, with regional climate profiles indicating high annual rainfall and frequent summer temperatures exceeding 90°F.
Property taxes in Louisiana are based on assessed values determined by local assessors, with effective rates varying by parish and district; Louisiana is a non-disclosure state regarding sale prices.
The Shreveport-Bossier City economy is anchored by a mix of gaming, healthcare, and military sectors, with regional employment data tracked at the CBSA level.
Louisiana is a non-disclosure state, meaning residential sale prices are not public record.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.