Location: Monroe, LA | Metro: Monroe, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
The ZIP code 71211 is located in Monroe, Louisiana. While specific figures for population, percentage of renters, median income, and median home value are not readily available, we can build a portrait from other relevant data points.
According to recent data, ZIP code 71211 supports both business and residential activity. There are 21 business establishments in this area, employing approximately 238 people with an annual payroll of $19,926,000. This suggests a modest level of economic activity within the neighborhood.
Moving to the rent economics, the Fair Market Rent (FMR) for ZIP code 71211 in fiscal year 2024 is set at $1010. This figure serves as a benchmark for rental prices within the area and is particularly relevant for Section 8 investors.
Does ZIP code 71211 fit a hands-off voucher operator or a hands-on value-add buyer? Given the limited data available, it appears that this neighborhood might be better suited for a hands-off operator. The absence of detailed demographic figures makes it challenging to assess the potential for value-add opportunities. However, the presence of multiple business establishments and the relatively stable FMR indicate that this area could provide a consistent and reliable income stream for landlords and small-portfolio investors.
To make a more informed decision, further investigation into local market conditions and specific property details would be advisable.
Data Sources: FMR data from HUD (2027).
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.