The story of this market
The typical home in ZIP 71055 sells for about $165,000, or $98 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 71055 — Minden
The housing market in 71055 remains stable with modest price appreciation driven by low inventory levels. Demand is consistent among local buyers, though the lack of new construction limits transaction volume.
This area is best suited for budget-conscious families and long-term residents who prioritize affordability and proximity to the Red River over proximity to urban amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 72 days on market with 5.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 15.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 71055, Caddo County LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Oil City are generally lower than the Shreveport-Bossier City metropolitan average, though property crime remains the primary concern for residents.
Schools serving the area are part of the Caddo Parish Public Schools system, which faces ongoing challenges with academic performance and resource allocation compared to suburban districts.
The area is subject to regional flood risks associated with the Red River basin and requires standard wind/hail insurance coverage common to Northwest Louisiana.
Economic momentum is largely tied to the broader Shreveport industrial and logistics base, with limited new commercial development occurring within the immediate ZIP boundaries.
Property taxes are assessed by Caddo Parish based on a 10% assessment ratio for residential property, with millage rates set by local taxing authorities including the parish, school district, and levee districts.
Residents primarily commute via LA-1 toward the Shreveport employment core, with average travel times reflecting a 20-30 minute drive to major job centers.
Recreational opportunities are centered on proximity to the Red River for fishing and boating, with local community parks providing basic outdoor space.
The rental market is characterized by low turnover and a high share of single-family home rentals, with limited new multi-family inventory entering the market.
The local economy is heavily influenced by the energy sector, logistics, and public sector employment in the greater Shreveport area.
Parcels are subject to Caddo Parish school and levee district taxes.
Insurance premiums are rising due to regional weather volatility and increased replacement costs for residential structures.
Data retrieved from data.census.gov ZCTA 71055 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides regional access for fishing and recreational boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.