How much is a home worth in ZIP code 71118?

The typical home in 71118 is worth $177,502, based on the Zillow Home Value Index.

Are home values rising in 71118?

Home values in 71118 are down 0.7% over the past year, and up 2.8% a year over five years.

What is the typical rent in 71118?

A typical home in 71118 rents for about $1,295 a month, a gross rental yield of 8.8%.

What is the property tax rate in 71118?

The effective property tax rate in 71118 is 0.6% — roughly $1,090 a year on a typical home.

ZIP code 71118 has a population of 23,219 and a median household income of $50,287.

HousingHandbookReference data

…

U.S. ZIP Code · LA71118

Caddo Parish · Shreveport-Bossier City, LA

Typical home value

$177,502^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.7%
5-year / yr: +2.8%
10-year / yr: +2.8%

Relative price

vs U.S.: -37.5%
vs metro: -3.2%
vs state: -2.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 71118 is worth $177,502 — 3.2% below the Shreveport-Bossier City, LA median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $1,295 a month — a 8.8% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,295^[2]
Gross yield: 8.8%^[2]
Cap rate: 5.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,090^[3]

#Climate risk

FEMA National Risk Index ratings for Caddo Parish. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively High
Heat wave: Relatively High
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 23,219^[3]
Median household income: $50,287^[3]

#Migration

Household moves in and out of Caddo Parish over a year, from IRS tax-return data.

Net migration: -921^[5]
Moved in: 4,791
Moved out: 5,712

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 4
Middle: 1
High: 2

Southwood High School
High · Grades 9–12 · Caddo Parish
1,058 students
Ridgewood Middle School
Middle · Grades 6–8 · Caddo Parish
650 students
Southern Hills Elementary School
Elementary · Grades PK–5 · Caddo Parish
633 students
Summer Grove Elementary School
Elementary · Grades PK–5 · Caddo Parish
478 students
Forest Hill Elementary School
Elementary · Grades PK–5 · Caddo Parish
470 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.8%

Net yield (after ~40% expenses)5.3%

Annual rent$15,539

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$898

Loan principal$142,002

Down payment$35,500

Total interest paid$181,115

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.88

Monthly cost to own$1,136

Monthly rent$1,295

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 54th percentile^[1]
Rental yield: 36th percentile^[2]
Property tax: 57th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 71118?: The typical home in 71118 is worth $177,502, based on the Zillow Home Value Index.
Are home values rising in 71118?: Home values in 71118 are down 0.7% over the past year, and up 2.8% a year over five years.
What is the typical rent in 71118?: A typical home in 71118 rents for about $1,295 a month, a gross rental yield of 8.8%.
What is the property tax rate in 71118?: The effective property tax rate in 71118 is 0.6% — roughly $1,090 a year on a typical home.
Who lives in 71118?: ZIP code 71118 has a population of 23,219 and a median household income of $50,287.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

71112 vs 71118 →
Bossier City, LA
Typical home
$183,377
Gross yield
9.6%
71107 vs 71118 →
Shreveport, LA
Typical home
$156,565
Gross yield
9.0%
71119
Shreveport, LA
Typical home
$200,864
Gross yield
—
71060
Mooringsport, LA
Typical home
$153,633
Gross yield
—
71004
Belcher, LA
Typical home
$150,779
Gross yield
—
71129
Shreveport, LA
Typical home
$207,733
Gross yield
—

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Pit ZIP 71118 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · LA71118

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