Location: Concordia Parish, LA | Metro: Catahoula Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The ZIP code 71354 is situated in a small, rural neighborhood characterized by a modest population of 1,394 residents. The area reflects a community where nearly one-fifth of the inhabitants, specifically 19.4%, are renters, indicating a relatively stable rental market. The median income in this region stands at $87,059, suggesting a middle-class community with residents who have the financial capacity to afford reasonable living expenses.
Despite the lack of specific data on median home values, the Federal Market Rent (FMR) for Section 8 vouchers in the metro area for fiscal year 2026 is set at $900. This figure contrasts with the actual market rent of $1,099, as reported by the Census Bureau's American Community Survey (ACS). This difference highlights an opportunity for landlords and small-portfolio investors to potentially benefit from the discrepancy between subsidized and market rents.
For hands-off voucher operators, ZIP 71354 may present challenges due to the gap between FMR and market rents. Landlords accepting only Section 8 vouchers might find it difficult to cover their costs fully, given the lower FMR compared to the market rate. On the other hand, for hands-on value-add buyers, this ZIP code offers potential. By improving properties or offering amenities that justify higher rents, investors can attract tenants willing to pay above the FMR, thus maximizing returns while still participating in the Section 8 program.
In summary, ZIP 71354 is best suited for investors who are prepared to be active in managing their properties, rather than those seeking passive income through voucher-only operations. The combination of a middle-income community and a slightly higher market rent compared to the FMR suggests a favorable environment for hands-on investors looking to enhance property value and tenant appeal.
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.