Location: West Carroll Parish, LA | Metro: West Carroll Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 71266 reveals a favorable environment for those seeking to capitalize on government-subsidized housing. The HUD Fair Market Rent (FMR) for the area is set at $900 per month for fiscal year 2026, which is higher than the market rent of $819 as reported by the Census Bureau's American Community Survey. This means that voucher tenants will generally cashflow at the FMR level, providing a reliable income stream for landlords.
To further understand the investment potential, consider the median home value in the area, which stands at $132,004. Using this figure, we can derive a rent-to-price ratio of approximately 0.89%, indicating that the rental market is relatively strong compared to home values. This suggests that while property appreciation may be limited, the steady demand for rental properties ensures a stable cash flow for investors.
Note that the median Days on Market (DOM) and the percentage of price cuts are not applicable in this context, as they pertain more directly to the buying dynamics rather than the rental market. However, the fact that the HUD FMR exceeds the current market rent supports the notion that voucher holders can afford to pay above-market rates, which is particularly beneficial for landlords.
The strongest investor angle in ZIP 71266 is cashflow. Given the discrepancy between the HUD FMR and the current market rent, landlords who participate in the Section 8 program can expect consistent positive cash flow from their properties without the need for premium units. This makes it an attractive option for small-portfolio investors looking for dependable returns.
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.