Location: Richland Parish, LA | Metro: Richland Parish, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
The analysis of ZIP code 71218 within the Richland Parish, LA HUD Metro FMR area reveals several key points that landlords and small-portfolio investors should consider.
The rent math does not work favorably. The Fair Market Rent (FMR) for the area is set at $940 per month for fiscal year 2026. However, there is no available market rent data to compare against, which means it's unclear whether properties can be rented out at this rate without adjustments. This lack of data suggests that landlords might face challenges in setting competitive rental prices.
Acquisition affordability is ambiguous due to missing data. The median home value is listed as N/A, indicating that there isn't sufficient information on the typical cost of homes in the area. Similarly, the number of days on market (DOM) and the percentage of price cuts required to sell a property are also not provided, making it difficult to assess how easily properties can be acquired and resold. This absence of critical financial indicators makes investment decisions more challenging.
Tenant demand is also uncertain. With a population figure of N/A and the percentage of renters being N/A, there is insufficient demographic data to determine if there is a substantial tenant base in ZIP 71218. Without knowing these figures, it's hard to predict whether the area will attract enough tenants to sustain rental income.
Verdict: Investment in ZIP 71218 presents significant risks due to the lack of crucial data points such as market rent, median home values, days on market, and percentage of price cuts. Additionally, the absence of population and renter share percentages makes it impossible to gauge tenant demand accurately. Until more comprehensive data becomes available, potential investors should proceed with caution, as the current information does not support a clear assessment of the area's viability for rental investments.
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.