The story of this market
The typical home in ZIP 71282 sells for about $91,200, or $72 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 115 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $780 a month.
ZIP 71282 — Tallulah
The housing market in 71282 remains stagnant with low transaction volume and declining home values, reflecting broader economic challenges in the region. High poverty rates and limited job growth continue to suppress demand, while the high risk of flooding keeps insurance costs elevated for homeowners. The market is characterized by a high share of older, lower-valued housing stock with minimal new development activity.
This ZIP is primarily suited for local residents and budget-conscious buyers seeking low-cost housing, as the market lacks the amenities and economic growth to attract significant investor or commuter interest.
Median prices moved down 2.1% year over year.
Homes spend a median of 115 days on market with 14.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.2% · poverty 38.5% — elevated distress and economic pressure.
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 1.8%/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 3.0%/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 71282, Madison Parish, 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 Tallulah are significantly higher than the national average, with property and violent crime incidents reported frequently in local law enforcement data.
Public schools in the Madison Parish School District serving this area generally face significant challenges, with most schools receiving low performance ratings from state accountability metrics.
The area is located in a region with high flood risk due to its proximity to the Mississippi River and low-lying topography, necessitating flood insurance for many properties.
Economic momentum is limited, with the local economy heavily reliant on agriculture and public sector employment; there is minimal large-scale commercial development currently underway.
Property taxes are assessed by the Madison Parish Assessor based on fair market value, with a homestead exemption available for primary residences; tax rates are set by local parish and school district millages.
Commuting is primarily car-dependent, with residents typically traveling to nearby regional hubs like Vicksburg or Monroe via U.S. Highway 80 or Interstate 20.
Recreational opportunities are centered around local community parks and proximity to the Tensas River National Wildlife Refuge, which offers hunting, fishing, and hiking.
The rental market is characterized by high vacancy rates and low turnover, with most inventory consisting of older single-family homes and limited multi-family options.
The economy is largely driven by agricultural production, food processing, and local government services, with limited diversification in the private sector.
Transportation infrastructure is limited to regional highway access; there is no significant public transit system serving the area.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP code.
The Madison Parish Assessor's office manages property valuations, typically reassessing properties on a four-year cycle as mandated by state law.
Parcels are subject to Madison Parish school and parish-wide tax districts, with no significant MUD or PID developments present.
Property insurance premiums are high due to the area's classification as a high-risk flood zone and vulnerability to severe weather events.
The state has experienced net domestic out-migration, with rural areas like Madison Parish seeing a steady decline in population over the last decade.
Louisiana is a judicial foreclosure state, requiring court intervention to complete the foreclosure process, which can extend the timeline for lenders.
Sellers are required to provide a residential property disclosure form detailing the condition of the property, including known defects and flood history.
Data retrieved from data.census.gov and Data Commons for ZCTA 71282.
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.
A major regional attraction for outdoor activities including hunting and wildlife observation.
Provides local green space and recreational facilities for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.