Location: Webster Parish, LA | Metro: Bienville Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 71024 is characterized by a relatively small population of 910 residents, with 16.5% being renters. This translates to approximately 150 individuals relying on rental housing, indicating that it is not a renter-heavy area. The median household income stands at $47,366, which provides a baseline for understanding the financial capacity of potential tenants.
While the exact market rent for this ZIP code is not specified, we can infer that the typical rent is likely below the Fair Market Rent (FMR) of $830 for the metro area, given the lower median income. Assuming a local market rent of around $600 based on income levels, this would represent about 13% of the median household income. In comparison, the FMR of $830 consumes roughly 17.5% of the median income, suggesting that even at FMR levels, the rent burden remains relatively manageable for most households.
The FMR figure of $830 for fiscal year 2026 highlights the maximum amount that Section 8 vouchers will cover for rental units in this metro area. Given the lower median income in ZIP 71024, it's reasonable to anticipate that there might be a significant number of Section 8 voucher holders in the rental pool. However, due to the small overall population and limited percentage of renters, the depth of voucher demand may not be as pronounced as in larger urban areas.
A landlord in ZIP 71024 should expect tenants who are likely to rely on government assistance such as Section 8 vouchers to manage their housing costs. These tenants will have a strong incentive to maintain stable and affordable living situations, making them reliable candidates for long-term tenancy. The combination of a modest rent burden and the availability of vouchers supports a stable tenant pool, though it may be smaller in size compared to more densely populated areas.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.