Location: Red River Parish, LA | Metro: Shreveport-Bossier City, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
ZIP code 71052, located within the Red River Parish, LA metro area, presents an interesting mix of economic indicators that can be compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 71052 in fiscal year 2024 is set at $910, which is notably higher than the average market rent of $687. This suggests that landlords in 71052 could potentially benefit from the higher subsidy amounts available through the Section 8 program.
The median home value in ZIP 71052 stands at $108,235, which is likely representative of the overall housing market in Red River Parish, LA. However, it's important to note that this figure alone does not provide enough context to determine if it is above or below the average for the parish. To make a definitive comparison, specific data on average home values across all ZIP codes in Red River Parish would be required.
A significant point of interest is the 33.5% share of renters in ZIP 71052. This percentage is relatively high and indicates a substantial number of potential Section 8 tenants. When combined with the below-FMR market rent of $687, it suggests that 71052 could be considered a sweet spot for landlords participating in the Section 8 program. The gap between the FMR and the actual market rent implies that landlords could receive a subsidy that exceeds the typical rental cost, thus providing additional income.
Inferentially, given the high renter share and the below-average market rent, ZIP 71052 appears to be a value pocket within the Red River Parish, LA metro area. Landlords here can expect to attract a significant number of Section 8 tenants while still receiving subsidies that are higher than the local market rates. This scenario typically benefits small-portfolio investors looking to maximize their returns through government assistance programs.
However, it's crucial to recognize that the economic landscape can vary widely even within a single metro area. Therefore, further analysis of other ZIP codes within Red River Parish, LA, would help confirm whether 71052 indeed represents a unique value pocket or if similar conditions exist elsewhere in the parish.
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.