Location: La Salle Parish, LA | Metro: La Salle Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 71371 stands out due to its unique characteristics, including a relatively small population of 2,033 residents, a low rental rate of 3.9%, a median income of $69,415, and a median home value of $172,821. These figures indicate that the area is primarily owner-occupied, with a significant majority of households owning their homes rather than renting.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. However, specific market data for ZIP 71371 is not available, which can make it challenging to assess the exact demand for rental properties within the voucher program. Given the low rental rate, it is likely that there is limited demand for rental units in general, and thus the impact of Section 8 vouchers on the local rental market may be minimal.
The data signature for ZIP 71371 reads as stable. The high median home value suggests a well-established community where homeownership is the norm, and the lack of detailed rental market data supports the notion that the rental market is not a significant part of the local economy. This stability could be beneficial for landlords and small-portfolio investors who are considering entering this market, as it implies a consistent and predictable environment for property management and investment.
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.