Location: Alexandria, LA | Metro: Alexandria, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,250 |
| 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 classification of ZIP code 71467 for real estate investment, particularly focusing on Section 8 properties, hinges on analyzing both yield potential and market stability. The Fair Market Rent (FMR) for the area is set at $870 for fiscal year 2024, which is notably higher than the market rent of $793. This suggests a direct financial advantage for landlords who can secure Section 8 tenants, as they will receive a higher rental rate compared to what the market typically offers.
However, the median home value of $183,717 indicates that the area is not cheap to invest in. For an investment property, the higher FMR could potentially offset the initial capital outlay, but it depends on the property's cost and the Section 8 payment standard.
Stability is another critical factor. In ZIP 71467, 19.0% of residents are renters, which is a relatively low percentage. This implies that the demand for rental properties might be less robust, making it harder to find tenants, especially those eligible for Section 8. The lack of data on days on market (DOM) means there's uncertainty about how quickly properties can be rented once listed. Lastly, the average household income of $70,583 suggests that while the area isn't wealthy, it has a middle-income base, which could support a stable tenant pool over time.
Given these factors, ZIP 71467 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The higher FMR compared to market rent ensures a reliable income stream for landlords with Section 8 properties. However, the relatively low percentage of renters and the absence of DOM data indicate that while cash flow is steady, the market may not be as volatile as a flip-style market where quick turnover is key. The investment here requires a balance between securing a stable income and navigating the challenges of finding tenants in a less densely rented area.
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.