Location: Avoyelles Parish, LA | Metro: Avoyelles Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 71341 in fiscal year 2026 is set at $1,070 for the metro area. This figure contrasts with the market rent of $1,113 reported by the Census ACS. Given these numbers, voucher tenants in this region will cashflow marginally at the FMR rate, suggesting that landlords may need to consider slight adjustments in unit pricing or improvements to attract these tenants.
The median home value in ZIP 71341 is $138,960. To derive the rent-to-price ratio, we can use the FMR of $1070. This translates to a monthly rent-to-price ratio of approximately 0.77%, which indicates a relatively low ratio. Such a low ratio suggests that purchasing a home in this ZIP code could be more financially advantageous than renting, especially considering the modest difference between the FMR and market rent.
Unfortunately, specific data on median days on market (DOM) and the percentage of price cuts for ZIP 71341 was not readily available. However, understanding these metrics can provide valuable insights into the local real estate market's health and liquidity. In regions where DOM is high and price-cut percentages are significant, it might indicate a buyer's market, which could benefit investors looking to purchase properties at lower prices.
In conclusion, the strongest investor angle in ZIP 71341 appears to be stability. With a low rent-to-price ratio and modest differences between FMR and market rents, investors can expect steady cash flows and a stable market environment. This makes ZIP 71341 an attractive location for those seeking reliable, long-term investments in real estate.
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.