Location: Bienville Parish, LA | Metro: Bienville Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 71045 in fiscal year 2026 is set at $850. This figure must be scrutinized against the cost of owning a property in the area. According to recent data, the median home value in ZIP 71045 is $85,600. However, the data does not provide a breakdown of mortgage costs, which means it's challenging to definitively state whether the FMR will sufficiently cover the mortgage payments on a typical home in this ZIP code. Landlords should consult a mortgage calculator or financial advisor using current interest rates to determine the feasibility.
A skeptical investor might question the demand for rental properties given that only 34.5% of households are renters. This percentage suggests that while rental demand exists, it is not overwhelming. However, the median age in ZIP 71045 is 43.9 years, higher than both the state and national averages. This demographic trend could indicate a stable tenant base, as older individuals often prefer renting over homeownership due to lifestyle factors or financial considerations. Additionally, the relatively low median home value could suggest that many residents are price-sensitive, making rental properties an attractive option.
The utilization of housing vouchers can be a double-edged sword for landlords. While it ensures a steady stream of income, it is contingent upon the voucher program keeping pace with market rents. Unfortunately, the data does not specify the voucher utilization rate in ZIP 71045, nor does it provide any projections regarding how well the voucher amounts will match future market rents. To mitigate risk, landlords should monitor local housing authority announcements and trends in voucher disbursement to ensure they remain competitive in attracting tenants.
In summary, while ZIP 71045 presents some challenges for landlords and small-portfolio investors, such as uncertain mortgage coverage with the FMR and moderate rental demand, the stable tenant demographics and potential for voucher-supported tenancy offer a balanced opportunity. Careful monitoring of local economic conditions and housing policies will be crucial for success.
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.