Location: Catahoula Parish, LA | Metro: Catahoula Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
830 FMR (metro FY 2026) sets the benchmark for rental properties in ZIP code 71363, indicating the Fair Market Rent for the area. This figure is crucial for landlords and small-portfolio investors as it dictates the maximum rental subsidy payment that can be made through the Section 8 program. The absence of specific market rent data (N/A market rent) suggests that the local rental market might be less volatile or perhaps underreported compared to larger metropolitan areas. However, the lack of precise figures for median home value (N/A median home value), renter share (N/A% renter share), and median income (N/A median income) means that broader economic assessments must rely on regional or state averages rather than specific local insights.
N/A-day DOM indicates that there's no specific data available regarding the typical days on market for rental listings, which could imply a stable demand for rentals in the area. Similarly, the N/A% price-cut share suggests that rental property owners in 71363 are not frequently reducing their asking rents, possibly due to steady demand or limited supply. These factors combined point towards a potentially favorable environment for landlords who are looking to maintain or slightly increase their rental incomes without significant adjustments.
The 830 FMR provides a clear guideline for setting rental prices within the bounds of the Section 8 program, ensuring compliance and maximizing potential subsidies. Given the available data, landlords should focus on maintaining properties at or below this threshold to attract tenants eligible for Section 8 benefits. With the absence of negative indicators such as high days on market or frequent price cuts, the overall outlook for Section 8 participation in ZIP 71363 appears positive.
Verdict: Participation in the Section 8 program in ZIP 71363 is viable, with an emphasis on adhering to the 830 FMR to ensure compliance and benefit maximization.
Data Sources: FMR data from HUD (2027).
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.