Real Estate Investing in Bastrop, Louisiana (71220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71220 (Bastrop, LA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
- Lower household income: $37,774 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bastrop, LA (71220)?
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Market Analysis: 71220 Bastrop
Put differently, ZIP 71220 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $91K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $91K purchase price, 0.0% nominal cap — the work to hit that pro forma in 71220 is substantial and deserves full respect.
Nearby ZIPs in Bastrop have seen price recovery that 71220 has not matched. Morehouse Parish data supports the view that the spread is structural rather than temporary.
Resident income in 71220 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 71220, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bastrop:
Property Strategy for 71220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $39,410 | $840 | 15.3% | -0.7% | $19,705 |
| 3BR | $94,964 | $1,150 | 8.7% | +1.5% | $31,655 |
| 4BR | $149,948 | $1,180 | 5.7% | +3.0% | $37,487 |
| 5BR | $165,965 | — | — | — | $33,193 |
Market Trends
Home Value History (with trend line)
📊 How Does 71220 Compare?
| Metric | 71220 | Bastrop | Monroe, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $91,382 | $91,382 | N/A | $207,909 |
| 5-Year CAGR | 1.1% | 1.1% | N/A | 0.7% |
| Avg Rent | $756 | $756 | N/A | - |
| Cap Rate | 6.5% | 6.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71220 (Bastrop, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $91,382 |
| Monthly Rent | $756 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.5% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | -0.3% ▼ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71220
Population: 20,426
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 71220
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Should investors worry about vacancy in Bastrop, LA?
Expect elevated vacancy in Bastrop, LA. Rents at $756/mo are absorbed by the tenant base without meaningful lag.
Is Bastrop, LA a friendly market for rental owners?
Landlord-friendliness in Bastrop, LA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What are rental rates like in Bastrop, LA?
Rent in Bastrop, LA is around $756/mo. The resulting rent-to-value relationship with $91K pricing is reasonable for most investor models.
What is the tenant pool like in Bastrop, LA?
Bastrop, LA offers a stable renter base at the $756/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of market is Bastrop, LA for investors?
The 3.0/5 investability rating in Bastrop, LA reflects its $91K prices and $756/mo rents. Investors generally consider it a solid option within LA.
You know 71220 now. You don’t know where it ranks.
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How 71220 ranks in Monroe, LA
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