Location: West Carroll Parish, LA | Metro: East Carroll Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 71286 presents a unique balance between yield and stability that could be attractive to certain types of real-estate investors. To analyze this area effectively, we must consider the Federal Market Rent (FMR) and the median home value, alongside the percentage of renters and average daily income.
Yield: The FMR for the metro area in fiscal year 2026 is set at $830. This figure represents the potential rental income per unit, which is a key indicator for yield. However, the median home value in ZIP 71286 stands at $91,536, suggesting that property values are relatively low compared to the rental income potential. This creates an environment where rental yields could be high, especially if the actual market rent aligns closely with the FMR.
Stability: Stability in a real estate market can be gauged by the percentage of renters, days on market (DOM), and average income levels. In ZIP 71286, 6.7% of residents are renters, indicating a small but stable tenant base. The average daily income is reported at $37,841, which is a strong figure, suggesting that tenants have the financial capability to sustain rental payments. Unfortunately, the days on market data is not available, making it difficult to assess how quickly properties might sell if needed.
Given these factors, ZIP 71286 leans towards being a high-yield/low-stability market. The potential rental income of $830 per month, when compared to the median home value of $91,536, indicates a favorable yield for investors. However, the low percentage of renters (6.7%) and the lack of days on market data imply less stability in the tenant pool and slower sales if the investor needs to liquidate assets quickly. The high average income ($37,841) does provide some assurance regarding the ability of tenants to pay rent consistently, but it is not enough to fully offset the other indicators of lower stability.
This analysis suggests that ZIP 71286 would be most suitable for investors who are looking for higher returns and are willing to accept a bit more risk, such as those pursuing a 'flip-style' strategy. For steady cash flow, other areas with more substantial tenant populations and clearer market liquidity metrics may be preferable.
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.