HousingHandbookReference data

U.S. ZIP Code · LA71232

Madison Parish

Typical home value

$139,624[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.5%
5-year / yr
-1.6%
10-year / yr
+0.3%

Relative price

vs U.S.
-50.8%
vs metro
vs state
-23.2%
ZIP 71232 location in LA
Location of ZIP 71232 in LA

Price history

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

The typical home in 71232 is worth $139,624. Over the past year, values have fallen 3.5%. The effective property tax rate is 0.2%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.2%[3]
Typical annual tax
$338[3]

#Climate risk

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

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

#Who lives here

Population
5,768[3]
Median household income
$55,754[3]

#Migration

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

Net migration
-87[5]
Moved in
138
Moved out
225

Schools

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

Public schools
4
Elementary
1
Middle
1
High
1
  • Delhi Charter School

    Other · Grades K–12 · Delhi Charter School

    653 students

  • Delhi Elementary School

    Elementary · Grades PK–5 · Richland Parish

    194 students

  • Delhi High School

    High · Grades 9–12 · Richland Parish

    185 students

  • Delhi Middle School

    Middle · Grades 6–8 · Richland Parish

    99 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$706
Loan principal$111,699
Down payment$27,925
Total interest paid$142,466

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.

Own : rent ratio
Monthly cost to own$850
Monthly rent

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 71232?
The typical home in 71232 is worth $139,624, based on the Zillow Home Value Index.
Are home values rising in 71232?
Home values in 71232 are down 3.5% over the past year, and down 1.6% a year over five years.
What is the property tax rate in 71232?
The effective property tax rate in 71232 is 0.2% — roughly $338 a year on a typical home.
Who lives in 71232?
ZIP code 71232 has a population of 5,768 and a median household income of $55,754.

Compare ZIPs

Pit ZIP 71232 against any other ZIP — full side-by-side table.

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