Is Lake Providence, LA 71254 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lake Providence is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Lake Providence housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

East Carroll Parish, LA

Population	6,397
Median income	$31,433
Average income	$51,325
Median home value	$107,100
Median rent	$652/month
Owner-occupied	54% of homes
Median year built	1974

Natural hazard riskExtreme heat (relatively high), tornadoes (relatively high), hurricanes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 71254; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 71254

Prefilled for 71254Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71254Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Transylvania 71286 — /sq ft Browse all markets →

Towns like Lake Providence nearby

Find towns like Lake Providence in other states →

Tallulah, LA71282 · 27 miles away96% similarVery close on income, prices and more Rolling Fork, MS39159 · 18 miles away72% similarsmaller Hollandale, MS38748 · 29 miles away61% similarsmaller · 12 min longer commute Anguilla, MS38721 · 24 miles away55% similarcheaper homes ($26K less) · smaller

Where Lake Providence is

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Questions about Lake Providence real estate

What are property taxes in Lake Providence?

About 0.28% of a home’s value a year in East Carroll Parish, or roughly $1,120 on a $400,000 home.

Local agents

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More tools for 71254

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value East Carroll Parish property taxes East Carroll Parish loan limits Closing costs in Louisiana Hottest ZIP codes in Louisiana

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology