Location: Winn Parish, LA | Metro: Winn Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
The potential risks for investing in Section 8 properties in ZIP code 71440, located in Unknown, Louisiana, must be carefully considered. Firstly, tenant turnover poses a significant challenge. With the market rent being unknown, but the Fair Market Rent (FMR) set at $830 for fiscal year 2026 in the metro area, landlords might face difficulties retaining tenants who can only afford the subsidized rate. This could lead to frequent changes in occupancy, which is time-consuming and costly.
Vacancy exposure is another concern. The Days on Market (DOM), which indicates how long it takes to fill a vacant property, is currently unavailable for ZIP 71440. However, a longer DOM can increase vacancy rates, leading to lost rental income. Landlords need to be prepared for periods when their units might remain unoccupied.
Deferred maintenance is also a risk factor. The typical home value and median income figures for the area are not available, making it challenging to assess the financial capacity of residents to maintain homes. In areas where incomes are lower, there's often less money available for upkeep, which can result in higher maintenance costs for landlords.
Despite these challenges, the high density of renters in ZIP 71440 provides a silver lining. With an unspecified percentage of the population renting, there is likely a strong demand for Section 8 vouchers. This demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure, as there will always be a pool of potential tenants seeking affordable housing options.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027).
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.