Location: Catahoula Parish, LA | Metro: Monroe, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $193,905 | 0.62% | D |
U.S. Census Bureau data (2024)
ZIP code 71418, located within Catahoula Parish, Louisiana, presents a unique profile when compared against typical ZIP codes in the same parish. The Fair Market Rent (FMR) for ZIP 71418 is set at $890 for fiscal year 2024, which is notably higher than the average market rent of $744. This suggests that while the government's subsidy threshold is relatively generous, private market rents remain lower, indicating a potential value pocket for landlords who can offer properties at subsidized rates.
The median home value in ZIP 71418 stands at $133,091, which is consistent with the overall home values seen in the parish. However, the significant 33.3% share of renters in this ZIP code is a key indicator that it might be an attractive area for landlords and small-portfolio investors interested in Section 8 housing. High renter share combined with below-parish average home values often points to a concentration of subsidized housing opportunities.
To further contextualize, let's consider the implications of these figures. A higher FMR than market rent suggests that landlords can benefit from the Section 8 program without setting rents significantly above what the market would bear. The substantial renter share implies a steady demand for rental units, especially those that qualify under the Section 8 umbrella. These factors collectively suggest that ZIP 71418 could be considered a sweet spot for Section 8 investments within Catahoula Parish.
Investors should also note the potential for increased competition in this ZIP code due to its favorable characteristics for Section 8 participation. Nonetheless, the combination of generous subsidies and a high proportion of renters makes it a promising location for investment, particularly in properties that meet the criteria for subsidized housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.