Location: Monroe, LA | Metro: Monroe, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The classification of ZIP code 71209 in Monroe, Louisiana, on the axes of yield and stability requires a closer examination of the available data. In fiscal year 2024, the Fair Market Rent (FMR) for this ZIP is set at $1040. This is a crucial figure for landlords participating in the Section 8 program.
The median household income for ZIP 71209 is reported as $-1, which is lower than the median household income for Monroe city ($40,505) and Ouachita Parish ($54,688). The per-capita income in 71209 is $1,274, also below the per-capita incomes of Monroe city ($30,526) and Ouachita Parish ($32,520).
Given these figures, ZIP 71209 likely represents a steady-cashflow zone rather than a high-yield/low-stability market. The low median and per-capita incomes suggest a stable demand for affordable housing, which aligns well with the Section 8 program's goals. Landlords can rely on consistent rental payments through the government subsidy, making it a reliable investment option despite the lower income levels.
The lack of specific data on market rents, home values, and days on market (DOM) prevents a comprehensive analysis of the yield potential. However, the existing information indicates that this ZIP is not a prime candidate for high-risk, high-reward investments typical of flip-style markets.
In summary, ZIP 71209 appears to be a steady-cashflow zone, suitable for landlords looking for reliable, long-term returns through the Section 8 program. The FMR of $1040 provides a clear baseline for rental income, and the lower income levels suggest a stable, albeit modest, yield environment.
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.