Location: Sabine Parish, LA | Metro: Sabine Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The market in ZIP code 71449 presents a dynamic equilibrium between supply and demand, leaning slightly towards a scenario where supply outpaces demand. This inference is drawn from the fact that the Fair Market Rent (FMR) for the area, set at $910 for fiscal year 2026, is notably higher than the current market rent of $648, as reported by the Census Bureau's American Community Survey. The discrepancy suggests that landlords might be facing a slight challenge in achieving the full potential rental value of their properties, indicating a modest oversupply condition.
A further indicator of this market condition is the low price-cut share, standing at just 0.2%. This figure implies that very few properties are being reduced in price to attract tenants, which is typically seen when there is a significant surplus of housing units relative to the number of renters. However, the lack of days on market (DOM) data leaves an incomplete picture, as it would provide insight into how quickly homes are being rented or sold.
The median home value of $222,758 offers a benchmark for property investment in the area. For landlords and small-portfolio investors, this figure represents the average cost of a single-family home, which can be useful for assessing the potential resale value of rental properties and gauging the local real estate investment climate.
The 20.2% renter share highlights a segment of the population that relies on rental housing. This statistic underscores the ongoing need for rental properties in the area, suggesting that despite the current oversupply, there remains a consistent demand for rentals. Over the long term, this could indicate steady housing pressure, as the proportion of renters may signal a demographic preference for renting over buying, which could be due to various factors including affordability, job mobility, or lifestyle choices.
In summary, ZIP code 71449 is characterized by a fair balance between rental offerings and demand, with a slight indication of a supply surplus. The relatively high FMR compared to actual market rents and the low price-cut share suggest that while landlords have some room to increase rents, they are not currently facing intense competition that necessitates significant price reductions. The persistent renter share points to enduring demand for rental properties, making it a viable market for those interested in real estate investments focused on rentals.
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.