Location: Avoyelles Parish, LA | Metro: Avoyelles Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 71369 in Avoyelles Parish, Louisiana, reveals several key points that are crucial for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area, as determined for fiscal year 2026, stands at $830. However, the current market rent, based on Census ACS data, is $620. This indicates a discrepancy where the market rent is lower than the FMR, suggesting that landlords might struggle to achieve the higher FMR through typical rental rates. The difference between these two figures means that landlords need to carefully consider their pricing strategy to remain competitive while also aiming to reach closer to the FMR for better returns.
Moving on to the affordability of property acquisition, the data provided shows that the median home value is listed as N/A, which unfortunately does not give us a clear picture of the typical cost of homes in the area. Similarly, the days on market (DOM) and the percentage of properties that have been subject to price cuts are also marked as N/A. Without these specific figures, it's challenging to make a precise judgment on how affordable property acquisition is in this ZIP code. It would be prudent for investors to seek out additional local real estate market data to fill these gaps.
Regarding tenant demand, the ZIP code has a total population of 2,518, with 29.5% of residents being renters. This suggests a moderate level of demand for rental properties, but the relatively small population size could limit the number of potential tenants. Investors should be aware that while there is a significant portion of the population renting, the overall pool of potential renters is limited.
In summary, the rent math in ZIP code 71369 does not favorably align with the FMR compared to the current market rent, indicating a need for careful pricing strategies. The lack of detailed data on median home values, DOM, and price cut percentages makes it difficult to assess the affordability of property acquisition accurately. Tenant demand is present, but it is constrained by the small population size. Therefore, while there is potential in this market, investors must proceed with caution, ensuring they have a thorough understanding of the local dynamics and possibly seeking out additional data to support their investment decisions.
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.