Location: St. Landry Parish, LA | Metro: Alexandria, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 71322, located in St. Landry Parish, Louisiana, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the significant spread between the Fair Market Rent (FMR) set at $1000 for the fiscal year 2024 and the current market rent of $811. The difference of $189 per month ensures that properties in this area will attract tenants who can afford to pay above-market rents through the Section 8 Housing Choice Voucher program.
In addition to the favorable rent spread, the median home value in ZIP 71322 stands at $98,003, which is relatively low compared to many other areas across the United States. This makes it easier for investors to purchase properties at a lower initial cost while still benefiting from higher rental income due to the FMR guidelines. The combination of a lower median home value and a higher FMR provides a stable and predictable source of cash flow, which is essential for any investment strategy focused on long-term financial stability.
The ZIP code also has a 45.9% renter share, indicating a substantial portion of the population relies on rental housing. With a median income of $27,030, many residents qualify for the Section 8 program, ensuring a consistent demand for subsidized rentals. This demographic characteristic supports the cash-flow anchor designation, as it suggests a steady stream of qualified tenants who can reliably pay their rent through the voucher program.
A cash-flow anchor is critical in a diversified portfolio because it provides a reliable base of income that can offset the risks associated with other types of investments. In contrast, ZIP 71322 does not offer strong indicators for appreciation plays, given the lack of data on price-cut shares and days on market (DOM). Therefore, focusing on the cash-flow potential of this ZIP code is the most prudent approach for landlords and small-portfolio investors looking to stabilize their income streams and manage risk effectively.
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.