115 Russ Street

Property details·Tallulah, Madison County, Louisiana·200110276

1.00Acres

Location & Identity

Address

115 Russ Street

Tallulah, LA 71282

Madison County

Parcel ID

200110276

Coordinates

32.406136, -91.193560

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Building details

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Land & lot

Lot size
1.00 acres
Property type (local use code)
1001
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County context

Madison County 2026 Insights

Madison Parish, Louisiana: Cheap Housing, Deep Poverty, and a Paradox That Demands Explanation

At first glance, Madison Parish looks like an affordability dream. Median home values sit at just $90,600 — less than a third of the national median — and median rent runs $625 a month, figures that would seem laughably cheap to anyone priced out of Austin or Atlanta. Yet nearly half the children here live in poverty. That contradiction is the story of Madison Parish, a small, rural delta community in northeastern Louisiana where low housing costs reflect not opportunity, but economic distress so entrenched it has reshaped nearly every measurable aspect of daily life.

The Numbers Behind the Numbers

The parish's 31.2% housing vacancy rate is the most striking data point here — and arguably the most telling. One in three homes sits empty, a figure more commonly associated with post-industrial collapse in Rust Belt cities or communities devastated by natural disaster. In Madison's case, it reflects decades of slow population loss from a region that once anchored its economy in cotton and soybean agriculture. As mechanization reduced farm labor needs, young residents left for Shreveport, Monroe, or further afield, and the housing stock stayed behind.

StatValueContext
Median Home Value$90,60028% of the $320,000 national median
Poverty Rate36.7%nearly 3x the national average of ~12.5%
Housing Vacancy Rate31.2%extraordinary for a non-disaster context
Child Poverty Rate49.9%essentially one in two children

A Labor Market Under Severe Strain

The labor force participation rate of just 41.6% is perhaps the most urgent economic signal in this dataset. Nationally, that figure runs around 62–63%. Madison Parish's gap suggests a population that has, to a significant degree, detached from formal employment — whether through disability (22.8% of residents), caregiving obligations, or simply the absence of jobs to pursue. Agriculture remains the dominant private employer in the Tallulah area (the parish seat), supplemented by the correctional industry; the Tallulah Correctional Center and related facilities have historically employed a notable share of the local workforce.

Inequality Hidden Inside Poverty

Madison Parish's Gini Index of 0.511 is strikingly high for a rural parish with so few wealthy residents. This level of income inequality — comparable to some of the most unequal metropolitan areas in the country — suggests the presence of a small landowning or business-owning class sitting atop a very large low-income population. The divergence between the median household income ($37,267) and the oddly recorded mean household income figure points to the same dynamic: wealth here is concentrated, not distributed.

FAQs

What makes Madison Parish unique? Madison Parish is one of the most economically isolated rural parishes in Louisiana, combining ultra-low home values with poverty rates that rival some of the most distressed urban zip codes in the country. Its massive housing vacancy rate — over 31% — reflects generations of outmigration from a delta economy that never successfully transitioned beyond agriculture.

Is Madison Parish a good place to buy cheap property? On paper, yes — homes average under $91,000 and rents are among the lowest in the state. But buyers should weigh that against a hollowed-out local economy, high vacancy (which suppresses appreciation), limited broadband and services, and a rental market where 14.7% of renters are severely cost-burdened despite seemingly low rents, suggesting incomes are extraordinarily constrained.

Why is the child poverty rate nearly 50% in Madison Parish? The near-50% child poverty rate reflects a convergence of low labor force attachment, limited educational attainment (nearly a quarter of adults lack a high school diploma), and the structural legacy of an agricultural economy that never diversified. With 27% of households on SNAP benefits, public assistance is not a safety net here — it's a primary income source for a substantial share of families.

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