Location: Claiborne Parish, LA | Metro: Claiborne Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 71079, located in Claiborne Parish, LA, reveals several key points that are critical for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the area is set at $830 per month for fiscal year 2026. However, there is no available data on the current market rent, which makes it difficult to assess whether the rent math works based on current market conditions. Without a comparison to actual market rates, it's challenging to determine if the FMR accurately reflects what tenants are willing to pay.
Secondly, the acquisition affordability in ZIP 71079 cannot be fully evaluated due to missing data. The median home value is not provided, nor is there any information on the days on market (DOM) or the percentage of homes that have been listed with price cuts. These metrics are crucial for understanding how easily properties can be acquired and at what cost.
Lastly, concerning tenant demand, the ZIP code has a population of 263 individuals, with a 0.0% renter share. This indicates a significant lack of potential tenants, suggesting that rental properties may struggle to find occupants in this area. The low population size and zero renter share imply a very limited market for rental housing.
Verdict: Investment in rental properties in ZIP code 71079 is not advisable given the current data. The absence of market rent figures and other critical real estate metrics makes it impossible to gauge the financial viability of rental operations. Moreover, the extremely low tenant demand, evidenced by the zero renter share, poses a substantial risk to the success of any rental property venture. Landlords and investors should seek areas with higher populations and a greater proportion of renters to ensure a stable and profitable investment.
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.