Location: Red River Parish, LA | Metro: Red River Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 71034, located within the Red River Parish, LA metro area, presents a unique profile when compared against typical ZIP codes within the same region. The Fair Market Rent (FMR) for 71034 is set at $830 for fiscal year 2026, which is notably lower than the metro's average market rent of $910. This indicates that 71034 is likely a value pocket within the metro, offering rental opportunities at rates below what the broader market dictates.
The renter share in 71034 stands at 39.0%, which is relatively high when compared to the average in many other ZIP codes within the parish. A high percentage of renters, especially in conjunction with below-average market rents, can be a significant indicator for landlords and small-portfolio investors. It suggests a strong demand for rental properties, making it an attractive area for those looking to capitalize on the housing needs of residents who prefer renting over purchasing.
However, the lack of available home value data for 71034 introduces some ambiguity. In ZIP codes where home values are significantly below the metro average, combined with a high renter share, this often points to a concentration of Section 8 eligible tenants. While the exact home value cannot be determined here, the lower FMR and higher renter share still suggest that 71034 could be particularly favorable for Section 8 landlords and investors focusing on affordable housing rentals.
To summarize, 71034 appears to be a value pocket within the Red River Parish, LA metro, characterized by below-average rents and a high proportion of renters. These conditions make it a potentially lucrative area for Section 8-focused real estate investments, though the absence of home value data limits a complete assessment.
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.