Location: Avoyelles Parish, LA | Metro: Avoyelles Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 71331 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern due to the disparity between the market rent and the $900 Fair Market Rent (FMR) for fiscal year 2026, which is based on metropolitan averages. This gap can lead to frequent changes in occupancy as tenants may struggle to afford higher market rents, creating instability in cash flow.
Vacancy exposure is another critical risk factor. With no available data on days on market (DOM), it's challenging to predict how long a property might remain vacant. In areas with high turnover, vacancies can extend beyond typical durations, leading to periods where the landlord receives no rental income.
Deferred maintenance poses a threat to profitability and property value. Given the median income of $56,458, residents may have limited funds for upkeep, even if they are responsible for some maintenance costs. This can result in landlords having to cover unexpected repair expenses, reducing overall returns on investment.
Despite these risks, there is a strong argument for the viability of Section 8 properties in ZIP 71331. The area has a high renter share at 10.4%, indicating a robust demand for affordable housing. This high concentration of renters often translates into a greater number of Section 8 vouchers being utilized, providing a stable source of tenants and income for landlords who qualify.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.