Location: Winn Parish, LA | Metro: Winn Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 71410 within Winn Parish, Louisiana, reveals several key points for potential investment.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area, as set by HUD for fiscal year 2026, is $830. However, the market rent is not available, which makes it difficult to assess if the rent charged can cover operational costs and generate a profit. Landlords should seek additional local market data to determine if this FMR aligns with actual rental prices.
Regarding the affordability of property acquisition, the median home value is not specified, nor is the average number of days on the market (DOM) or the percentage of homes that require price reductions. Without these figures, it's challenging to gauge the financial feasibility of purchasing properties in this ZIP code. Investors should conduct thorough research to understand the local real estate market dynamics before committing to acquisitions.
The third question concerns tenant demand. ZIP 71410 has a total population of 84, with 13.8% being renters. This low overall population suggests limited potential for rental income. The small number of residents who rent implies a narrow pool of tenants, which could affect occupancy rates and the ability to fill vacancies quickly.
Verdict: Investment in ZIP code 71410 presents challenges due to the lack of comprehensive market data and a low population base, which limits the potential tenant pool. The Fair Market Rent of $830 needs validation against current market rents to ensure profitability. Acquiring properties here is uncertain without detailed information on median home values and market conditions. For landlords and small-portfolio investors, this area requires further investigation into local rental market specifics and tenant demographics before proceeding with investments.
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.