Location: Vernon Parish, LA | Metro: Vernon Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 71459 within the Vernon Parish, LA metro area reveals several key points regarding the financial viability of rental properties. The HUD Fair Market Rent (FMR) for the metro scope, as of fiscal year 2026, is set at $1,120. This figure is slightly below the market rent reported by the Census American Community Survey (ACS), which stands at $1,162. Given these numbers, landlords can expect to achieve marginal cash flow with voucher tenants at the FMR rate, as the difference between the FMR and market rent is relatively small.
To derive the rent-to-price ratio, it's important to note that the median home value in the area is not available. However, the lack of a median home value suggests that the area may be predominantly rental-focused, which could mean less competition from homeownership opportunities and a steady demand for rental properties. The days on market (DOM) and the percentage of listings that require price cuts are also not available, but these metrics typically influence the balance between renting and buying. In their absence, we can infer that the rental market may be stable without significant fluctuations driven by the housing market.
The strongest angle for investors in ZIP 71459 is likely to be stability. With a consistent gap between the HUD FMR and market rent, investors can rely on predictable cash flows from voucher tenants, even if they are not substantial. The absence of data on home values and DOM indicates a market that is less influenced by speculative trends, providing a solid foundation for long-term investment strategies.
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.