Everything You Should Know Before Moving to Banks Springs, LA
Considering a move to Banks Springs, LA? With a small-town population of about 1,250, Banks Springs offers affordable living, with median home prices around $102,000 and average rent at $750. Residents enjoy warm southern weather, low commute times of 26 minutes, and access to local schools and healthcare. While crime rates are above national averages, the area features a friendly rural atmosphere and a low cost of living, making it an attractive choice for those seeking value and a slower pace of life.
Demographics - Banks Springs, LA
Demographics - Banks Springs, LA
Banks Springs is a small, close-knit community of 1,250 residents with a median age of 39, and a predominantly White population alongside a notable Black community. The area has a balanced gender ratio and a low percentage of non-English speakers, offering a friendly and familiar atmosphere.
Population:
1,250
Density:
200 per sq mi
Median Age:
39.1
Gender Ratio:
96 males per 100 females
Non-English Speakers Percentage:
3.2%
Ethnic Composition
White:
77.0%
Black:
18.5%
Asian:
0.5%
Others:
4.0%
Cost Of Living
What is the average cost of living in Banks Springs, LA?
Banks Springs offers an affordable cost of living, with a median home value of $102,000 and average rent at $750, well below national averages. Utility and grocery costs are modest, making the town attractive for individuals and families seeking value in housing and daily expenses.
Median House Value:
$102,000
Gross Rent:
$750
Monthly Electricity Charges:
$125
Auto Insurance:
$2,050
House Owner Cost With Mortgage:
$900
House Owner Cost Without Mortgage:
$320
State Taxes:
Low:
2.0%
|
High:
6.0%
Cost Of Living Index:
82.3
Grocery:
92.5
Housing:
56.0
Utilities:
96.7
Transportation:
87.5
Health Care:
94.3
Miscellaneous:
90.1
Crime
Is Banks Springs, LA a safe place to live?
While Banks Springs maintains a welcoming rural atmosphere, crime rates are higher than average, with a property crime rate of 2,320 per 100,000 residents and a 1 in 43 chance of experiencing property crime. Prospective residents should consider local safety measures while enjoying the town’s small-community feel.
Violent Crimes Per 100k:
380
Property Crimes Per 100k:
2,320
Crime Index:
2,700
Chance Of Violent Crime:
1 in 263
Chance Of Property Crime:
1 in 43
Weather
What is the weather like in Banks Springs, LA year-round?
Banks Springs enjoys a mild southern climate, featuring warm summers with highs near 93°F and mild winters where lows rarely drop below 36°F. The area receives about 56 inches of rainfall annually and enjoys sunny days 62% of the year, ideal for outdoor activities.
Winter
Min:
36°F
Max:
58°F
Spring
Min:
50°F
Max:
75°F
Summer
Min:
70°F
Max:
93°F
Fall
Min:
54°F
Max:
79°F
Average Rainfall Inches:
56 inches
Sunny Days Percentage:
62%
Neighbors
Local households in Banks Springs have a median income of $36,700, with a poverty rate of 22.8% and an unemployment rate of 6.7%. Most residents commute about 26 minutes to work, and educational attainment is moderate, with nearly 80% holding a high school diploma.
Median Income:
$23,000
Household Income:
$36,700
Family Income:
$46,200
Per Capita Income:
$20,400
Income Male:
$28,000
Income Female:
$22,000
Poverty Rate:
22.8%
Non English Speakers:
3.2%
Rent:
$750
Unemployment Rate:
6.7%
Public Transport Usage:
0.2%
Commute Time:
26.2 minutes
Education
High School or Higher:
79.5%
Bachelors or More:
11.2%
Education
How are the schools in Banks Springs, LA?
Banks Springs offers access to local schools such as Winnsboro Elementary and Franklin Parish High, both with reasonable student-teacher ratios and a range of academic programs. Higher education options include Louisiana Delta Community College just two miles away, supporting continued learning close to home.
Public Schools
Name:
Winnsboro Elementary School
Street:
400 South St, Winnsboro, LA 71295
Phone:
318-435-4607
Students:
500
Student Teacher Ratio:
15.2
Name:
Franklin Parish High School
Street:
1600 Glover Dr, Winnsboro, LA 71295
Phone:
318-435-4710
Students:
950
Student Teacher Ratio:
16.5
Colleges
Name:
Louisiana Delta Community College - Winnsboro
City:
Winnsboro
State:
LA
Distance:
2 miles
Students:
350
Healthcare
Banks Springs residents have access to nearby Franklin Medical Center for general and emergency care, and there are about 1.2 physicians per 1,000 people. Health insurance coverage is relatively high at 87%, contributing to reliable basic healthcare services in the area.
Major Hospitals
Name:
Franklin Medical Center
Address:
2106 Loop Rd, Winnsboro, LA 71295
Phone:
(318) 435-9411
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.2
Health Insurance Coverage:
87.0%
Health Care Index:
63.2
Housing Market
What is the housing market like in Banks Springs, LA?
The housing market in Banks Springs is stable and affordable, with a median home price of $102,000 and owner-occupancy at 69%. Renters benefit from an average two-bedroom rent of $750, and the area has experienced modest home appreciation of 3.6% over the past year.
Median Home Price:
$102,000
Average Rent For 2 Bedroom:
$750
Owner Occupied Rate:
69.0%
Rental Vacancy Rate:
9.2%
Home Appreciation Rate (1yr):
3.6%
New Construction Rate:
0.7%
Foreclosure Rate:
0.7%
DMV Information
Vehicle registration and licensing services for Banks Springs are provided by the Louisiana Office of Motor Vehicles, conveniently located in Monroe. Residents can find more information and access services online through the state’s official ExpressLane website.
State:
Louisiana
Department:
Louisiana Office of Motor Vehicles
Address:
8350 Desiard St, Monroe, LA 71203
Phone:
1-225-925-6146
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.