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Oil City town, LA

ZIP 71061 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 71061

Median Home Value
$114,400
Median Rent
N/A
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$735/mo PITI).

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

To comfortably buy a median-priced home in ZIP 71061 in Oil City town, LA, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $735. That is roughly in line with the local median household income ($31,250). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
54.6%-17% vs US avg
x
Vacancy Rate
14.7%+43% vs US avg
x
Broadband Access
70.7%-19% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
3.9%-69% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
30.6%-38% vs US avg
x
Mortgage-Free
43.2%+13% vs US avg
x
$114,400
Home Value
N/A
Rent
1982
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.2%
  • 1-unit attached1.0%
  • 2-9 units11.9%
  • 10+ units3.0%
  • Mobile home & other28.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,400
Median rent$-666,666,666
Owner-occupied54.6%
Vacant14.7%
Price-to-income3.7x
Est. income to buy$31,000