Location: Natchitoches Parish, LA | Metro: Natchitoches Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $620 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 71434 is not a renter-heavy area but rather a homeowner-dominated region where the presence of Section 8 vouchers is likely to be limited. The population stands at 74 individuals, with an astoundingly low 0.0% of residents classified as renters. This indicates that the vast majority of the population owns their homes, which reduces the potential demand for rental properties supported by housing vouchers.
The median household income in this ZIP code is $51,705, which is a critical figure when considering the affordability of rent. However, due to the lack of available data on market rents, it's impossible to determine exactly what percentage of local income is consumed by typical rent. Nonetheless, we can compare the median income to the Fair Market Rent (FMR) established by HUD for the area, which is set at $930 per month for FY 2026.
To put this into perspective, if the median income is $51,705 annually, then the monthly income would be approximately $4,308. This means that even at the FMR rate, rent would consume about 21.6% of the monthly income. This calculation assumes a single-income household and that the FMR is representative of market rents, which may not be the case given the homeowner-dominated nature of the ZIP code.
A landlord in ZIP 71434 should expect tenants who are heavily reliant on government assistance due to the scarcity of voucher holders. These tenants will have a fixed budget for rent, with the majority of their income dedicated to other essential expenses such as utilities and food. The low renter percentage suggests that finding tenants willing and able to pay market rates without subsidies could be challenging, making Section 8 vouchers particularly important for filling vacancies.
In summary, while the median income is relatively stable, the low number of renters and the reliance on Section 8 vouchers indicate a challenging market for landlords seeking to maximize rental income. Landlords must be prepared to work within the constraints of government-subsidized rents and the tenant profiles that come with them.
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.