Location: Natchitoches Parish, LA | Metro: Natchitoches Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
ZIP code 71416, located within Natchitoches Parish, LA, presents an interesting comparison to the broader metro area. The Fair Market Rent (FMR) for ZIP 71416 is set at $930 for fiscal year 2026, which is higher than the market rent of $619. This suggests that the rental prices in 71416 are subsidized to some extent, making it attractive for tenants seeking affordable housing options.
The home value for ZIP 71416 is listed as N/A, indicating a lack of sufficient data points to provide a reliable average. However, given the higher FMR compared to the market rent, it's reasonable to infer that the actual home values in this ZIP might be lower than the metro average. This absence of data on home values, combined with the relatively high renter share of 36.2%, points towards a scenario where a significant portion of the population relies on rental housing, possibly due to lower home ownership rates or affordability issues.
In the context of Natchitoches Parish, LA, ZIP 71416 appears to be a value pocket within its metro. A value pocket is characterized by below-average market rents and potentially lower home values, but with above-average subsidies that support rental affordability. The high renter share without corresponding high home values suggests a concentration of renters who benefit from the subsidized rents, making it a favorable location for landlords participating in Section 8 programs. Landlords can expect a steady demand from tenants looking for affordable housing, especially those eligible for government assistance.
Investors should note the divergence between the FMR and the market rent, which could indicate that properties in 71416 are more likely to attract tenants through the Section 8 program. This ZIP code stands out as a prime opportunity for those interested in managing properties under the Section 8 umbrella, offering a balance between manageable investment costs and a robust tenant base.
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.