Location: Tensas Parish, LA | Metro: Catahoula Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 71326 presents a unique challenge for both renters and landlords alike. The median income data is currently unavailable, which makes it difficult to assess the average financial capability of households in this area. However, the market rate for rent stands at $442 according to the Census ACS data. This figure represents the typical cost for housing in the region.
In contrast, the Federal Market Rate (FMR) for the metro area in fiscal year 2026 is set at $830. This means that if a household relies on a housing voucher, they can potentially secure rental units at a significantly higher rate than the current market rate. The discrepancy between the market rate ($442) and the FMR ($830) highlights an affordability gap that could influence the competition among landlords.
With only 19.2% of the 852 residents being renters, the pool of potential tenants is relatively small. This limited demand can make it challenging for landlords to fill vacancies and maintain occupancy rates. Moreover, the affordability gap suggests that landlords who accept vouchers might have a more stable tenant base, given the higher subsidy available through the FMR compared to the local market rate.
The takeaway for landlords considering whether to accept vouchers or focus on cash-paying tenants is clear: accepting vouchers can provide a buffer against the low market rate and the limited number of renters. While cash-paying tenants might prefer lower rents, the guaranteed payment through vouchers at the higher FMR can offer financial stability and reduce the risk of vacancy. Landlords should weigh the benefits of voucher stability against the potential for higher occupancy with cash-paying tenants who might be sensitive to price increases beyond the $442 market rate.
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.