Location: Evangeline Parish, LA | Metro: Alexandria, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 71463 stands out with a population of 8,559 residents, where 31.8% are renters. The median income here is $43,594, and the median home value is $83,070. This ZIP code's economic profile indicates a community that is moderately reliant on rental housing.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 71463 in fiscal year 2024 is set at $820. In comparison, the Census American Community Survey (ACS) reports the market rent at $837. This means that landlords participating in the Section 8 program can expect slightly lower rents than the current market rates, but the gap is minimal, suggesting that the program remains competitive.
When examining the data signature of ZIP 71463, it appears to be stable. The slight disparity between the FMR and market rent, along with the established median income and home values, points towards a neighborhood that has a consistent demand for affordable housing without significant volatility. Landlords and small-portfolio investors should find this ZIP code a reliable market for Section 8 properties, with steady occupancy and predictable returns.
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.