Location: Avoyelles Parish, LA | Metro: Alexandria, LA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $153,782 | 0.7% | D |
| 3BR | $1,460 | $224,783 | 0.65% | D |
| 4BR | $1,600 | $312,735 | 0.51% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 71328, which includes Deville, LA, presents a dynamic scenario that reflects both current conditions and potential future trends. The Fair Market Rent (FMR) for the area is set at $1,100 for fiscal year 2024, while the actual market rent, as reported by the Census American Community Survey (ACS), stands at $1,036. This suggests a slight premium landlords can expect over the actual rental rates, indicating a modest level of demand.
The median home value in the area is $195,855, a figure that speaks to the affordability and accessibility of homeownership. However, the lack of data on price-cut share and days on market (DOM) means we cannot definitively conclude whether supply is outpacing demand or vice versa. Despite these gaps, the relatively low FMR compared to the median home value implies that rental properties are likely priced competitively, attracting tenants who may find homeownership less feasible.
A key indicator of the market's trajectory is the 12.9% share of renters. This percentage, while not exceptionally high, does point towards a steady demand for rental properties. In areas with a higher proportion of renters, there is often more sustained pressure on the rental market, as fewer residents own homes. This can lead to a situation where rental properties remain in high demand, even as new units come onto the market. The current snapshot suggests that ZIP 71328 has a balanced mix of homeowners and renters, but the presence of renters indicates a segment of the population that will continue to rely on the rental market for their housing needs.
In summary, ZIP 71328 appears to be a market where rental properties are priced reasonably and have a consistent demand base. The data points to an environment where landlords and small-portfolio investors can find opportunities to maintain and potentially grow their investments. However, the absence of detailed time-series data prevents a comprehensive analysis of supply versus demand dynamics. Investors should closely monitor local real estate trends to better understand how this balance may shift in the future.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.