Location: Catahoula Parish, LA | Metro: Catahoula Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 71425, located in Louisiana, presents a unique challenge for both renters and landlords. The median income here stands at $32,031, which places significant constraints on housing affordability. While the exact market rate rental price is not available, we can infer that it likely exceeds the financial comfort zone of most residents.
In comparison, the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $850 per month. This figure represents the maximum amount that Section 8 vouchers will cover, making it a critical benchmark for affordable housing in the region. For many households in ZIP 71425, this voucher amount is more aligned with their budgetary capabilities than the unknown market rate.
The demographic data reveals that 61.5% of the population are renters, and the total population is 78. Given these numbers, the competition among landlords could be fierce if they rely solely on market-rate tenants. The affordability gap means that a substantial portion of potential renters may find market rates unattainable without financial assistance such as Section 8 vouchers.
For landlords considering their strategy, the decision between accepting voucher tenants versus focusing on cash-paying residents should be carefully weighed. Given the high percentage of renters and the median income level, landlords who accept Section 8 vouchers are positioning themselves to tap into a larger pool of financially stable tenants. The steady, government-backed payments ensure a reliable income stream, even if it caps at the $850 FMR.
The takeaway is clear: in ZIP 71425, landlords should consider diversifying their tenant mix to include those who qualify for Section 8 vouchers. This approach not only helps address the affordability gap but also secures a consistent revenue source, beneficial for long-term property management and investment planning.
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.