Location: Alexandria, LA | Metro: Alexandria, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 71417 stands out in its county with a population of 4,940 residents, where 24.0% are renters. The median income in this area is $50,072, and the median home value is significantly higher at $117,896. This economic profile suggests a modestly affluent community with a relatively low rental rate.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 71417 in fiscal year 2024 is set at $880, while the actual market rent, according to Census ACS data, is $774. This indicates that landlords accepting Section 8 vouchers can expect slightly higher rents compared to the local market average, potentially providing a financial advantage when dealing with subsidized housing.
The data signature for ZIP 71417 reads as stable. The relatively high median home value and moderate median income suggest a balanced housing market. The slight disparity between the FMR and the market rent implies a manageable gap for landlords, making it a favorable environment for those considering participation in the Section 8 program. Landlords can expect a steady stream of tenants who can afford the rent through the voucher system, without the volatility often seen in transitional areas.
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.