Location: Alexandria, LA | Metro: Alexandria, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
The classification of ZIP 71365 (Ruby, LA) on the yield and stability axes requires specific data points that are currently unavailable from the sources provided. However, based on the available information:
Yield: The Fair Market Rent (FMR) for a $1,000 unit in ZIP 71365 for fiscal year 2024 is not explicitly stated. To evaluate yield, we would need the FMR for a $1,000 unit, as well as market and home value data. Without these figures, it's impossible to definitively categorize the yield potential of this ZIP code.
Stability: Key indicators such as the percentage of renters, days on market (DOM), and average income are also not provided. These metrics are crucial for assessing the stability of the rental market and the financial health of the area's residents. Without this information, it's challenging to determine whether the market is stable or prone to volatility.
To provide a more precise analysis, additional data must be obtained. Specifically, the FMR for a $1,000 unit, the current market rent levels, home values, percentage of renters, average DOM, and median income would be necessary to classify ZIP 71365 accurately as either a high-yield/low-stability flip-style market, a steady-cashflow zone, or something in between.
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.