Location: Webster 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 71071, located within the Webster Parish, LA metro area, stands out due to its unique characteristics when compared to other ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 71071 is set at $1240 for fiscal year 2024, which is notably higher than the market rent of $436. This disparity suggests that the area may be considered a value pocket for Section 8 tenants, who can leverage the federal subsidy to afford housing that might otherwise be unattainable given local market conditions.
The absence of a listed home value for ZIP 71071 indicates limited data on property prices, but it aligns with the lower market rent, suggesting that residential properties here are likely less expensive than those in other parts of Webster Parish. This makes the ZIP code attractive for landlords seeking to maximize returns on investment without the high costs associated with maintaining properties in more affluent areas.
The renter share in ZIP 71071 is 20.4%, which is relatively low compared to urban centers where renter shares tend to be higher. However, in the context of a rural metro area like Webster Parish, this percentage could still represent a significant portion of the population. The combination of a moderate renter share and below-average market rents points to an opportunity for landlords who can provide quality housing at competitive rates, particularly appealing to Section 8 participants.
In summary, ZIP 71071 appears to be a value pocket within the Webster Parish, LA metro area, offering landlords and small-portfolio investors a chance to serve a population with housing needs while potentially enjoying better occupancy rates and tenant retention due to the alignment with Section 8 subsidies. The lower market rents and moderate renter share make it a strategic choice for those looking to enter or expand within the affordable housing sector in this region.
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.