Location: Alexandria, LA | Metro: Alexandria, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
$1000 FMR (zip FY 2024) indicates the Fair Market Rent for ZIP 71307, Alexandria, LA. This figure is crucial for understanding the rental market dynamics in the area.
N/A market rent and median home value suggest limited availability or reporting of these metrics, which could imply a niche market or less active real estate activity compared to other regions.
N/A% renter share and median income highlight the lack of detailed socio-economic data, making it challenging to assess the overall financial health and tenant stability of the area.
N/A-day DOM and N/A% price-cut share further underscore the limited data available, indicating a potentially stable market where homes are not typically left unsold for long periods or subject to frequent price adjustments.
In ZIP 71307, the Fair Market Rent stands at $1000, providing a benchmark for rental pricing. The absence of comprehensive market rent data suggests that the local rental market might be unique or less documented, possibly due to lower demand or supply.
The lack of median home value data points to a smaller pool of transactions, which can be advantageous for investors looking to avoid highly competitive markets. Similarly, the unavailability of precise renter share and median income figures makes it difficult to gauge the economic profile of the area, though it could also indicate a diverse mix of renters and homeowners.
The limited data on days on market (DOM) and price-cut share percentages implies that properties in this ZIP code are generally well-priced and move quickly once listed, reducing the risk of prolonged vacancy periods for landlords and small-portfolio investors.
Section 8 Verdict: ZIP 71307 presents a niche investment opportunity with a defined Fair Market Rent but limited broader market data, suitable for cautious investors seeking a stable yet less competitive market environment.
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.