Location: Tensas Parish, LA | Metro: Tensas Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 71366 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern due to the discrepancy between the market rent of $703 and the Fair Market Rent (FMR) of $1,000 for FY 2026 in the metro area. This gap suggests that tenants may struggle to afford higher rents outside of subsidized housing, leading to frequent moves and higher vacancy rates.
Vacancy exposure is another critical issue. The data shows that the days on market (DOM) for vacant properties is not available, which can be problematic. Without this information, it's challenging to predict how long it might take to fill vacancies once they occur, especially since the median income of $48,977 is relatively low compared to the typical home value of $193,378. This indicates that many residents may find it difficult to save for a down payment on a house, making rental properties more attractive but also highlighting the potential for financial strain when paying rent.
The deferred-maintenance exposure is also noteworthy. Given the typical home value in the area, landlords must be prepared to invest in regular upkeep and maintenance to ensure their properties meet the standards required by Section 8 programs. Failure to do so can result in penalties or loss of eligibility for the program.
However, these risks are tempered by the high renter share of 19.4%. High renter density typically correlates with greater demand for rental assistance vouchers, which can provide a steady stream of tenants for Section 8 properties. This demand helps mitigate some of the risks associated with vacancy and turnover.
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.