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 classification of ZIP code 71456 hinges significantly on the analysis of its yield potential and stability. With a Fair Market Rent (FMR) of $970 for the fiscal year 2026 in the metro area, compared to a market rent of $317, it's evident that there's a substantial gap favoring rental properties over homeownership in terms of financial return. This gap suggests a high-yield environment where rental income can be notably higher than the cost of living.
To further dissect the yield potential, consider that the FMR figure is a direct indicator of the maximum rent subsidy paid to landlords through the Housing Choice Voucher program (Section 8), which means landlords can expect to receive up to $970 per unit, regardless of the actual market rent. The market rent of $317 is far below the metro FMR, implying that landlords who operate in this ZIP code could potentially command rents closer to the metro average, thus maximizing their yield.
Stability, however, is another matter. The ZIP code has 16.6% of its residents classified as renters, which is a relatively low percentage. This indicates a smaller pool of potential tenants, reducing the demand for rental properties and potentially affecting the consistency of cash flow. Additionally, the lack of data on days on market (DOM) suggests uncertainty about how quickly properties might be rented out, which is a critical factor for small-portfolio investors aiming for stable cash flows.
The median household income of $86,875 provides some insight into the economic stability of the area. While this figure does not directly correlate to the ability of renters to pay higher rents, it does indicate a moderate level of disposable income within the community. However, given the low percentage of renters and the absence of DOM data, this ZIP code leans more towards being a high-yield but lower stability market. Landlords should prepare for fluctuating occupancy rates and possibly slower turnover times, despite the potential for high rental income subsidies.
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.