Real Estate Investing in Oak Ridge, Louisiana (71264)
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Should you buy in 71264 (Oak Ridge, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.7% of homes vacant — above national norms.
- Elevated poverty: 24.3% poverty rate — can affect rent collection.
- Higher unemployment: 7.0% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oak Ridge, LA (71264)?
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Market Analysis: 71264 Oak Ridge
This part of Morehouse Parish is not an easy win. The 71264 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 71264 can be a worth a close look for hunting ground — but the discount at $188K reflects genuine risk that outside investors often underestimate.
ZIP 71264's metrics run below Morehouse Parish's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 71264 ZIP's population of 1,167 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The right play in 71264 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Oak Ridge:
Market Trends
Home Value History (with trend line)
📊 How Does 71264 Compare?
| Metric | 71264 | Oak Ridge | Monroe, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $188,122 | $188,122 | N/A | $207,909 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 0.7% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71264 (Oak Ridge, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,122 |
| Monthly Rent | $783 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71264
Population: 1,167
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
Frequently Asked Questions
Does Oak Ridge, LA make sense for an investment property?
With a 3.0/5 investability score, Oak Ridge, LA ranks as a solid market for rental property investors. Median prices of $188K and rents of $783/mo drive the underlying numbers.
What do rentals go for in Oak Ridge, LA?
Average rent in Oak Ridge, LA is approximately $783/mo per month. Against $188K home values that yields a reasonable rent-to-price ratio.
How strong is the working-renter base in Oak Ridge, LA?
Tenant demand in Oak Ridge, LA is solid. The local workforce $783/mo rents across most rental classes.
How much does a house cost in Oak Ridge, LA?
Homes in Oak Ridge, LA typically sell near $188K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How high is vacancy risk in Oak Ridge, LA?
Vacancy risk in Oak Ridge, LA is elevated. That supports even-keeled cash flow for typical rental holds.
You know 71264 now. You don’t know where it ranks.
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How 71264 ranks in Monroe, LA
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