Location: Winn Parish, LA | Metro: Winn Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 71483 is poised for stability over the next 12-24 months, given the current median home value of $101,203. This figure, combined with the observation that only 0.2% of listings have seen price reductions, suggests a strong resistance to downward pressure on home values. The median days on market (DOM) being listed as N/A indicates either a very quick sale rate or a robust local market where homes are selling shortly after listing, both scenarios pointing towards a seller's market.
For landlords and small-portfolio investors, the rental market presents a favorable opportunity. The Fair Market Rent (FMR) for the metro area, projected at $830 for fiscal year 2026, stands above the current market rent of $708, based on Census American Community Survey (ACS) data. This gap signals potential for rental income growth as market rents trend upward to meet the FMR levels. Investors should anticipate gradual increases in rental yields as demand catches up with supply, especially if there is a continued influx of tenants seeking affordable housing options in the area.
In terms of long-term investment, the data implies a cautious but optimistic appreciation thesis. While the immediate market conditions suggest stability rather than rapid appreciation, the underlying factors such as population growth, job market trends, and infrastructure development will play critical roles in shaping future property values. Investors should focus on properties that offer a balance between affordability and potential for growth, particularly those that can capitalize on any anticipated increase in tenant demand.
To summarize, the combination of a stable median home value, minimal price reductions, and a positive rental yield outlook points towards a market that supports holding onto properties without the risk of significant depreciation. As rental rates inch closer to FMR levels, landlords and investors can expect their assets to maintain value and potentially appreciate, providing a solid foundation for long-term portfolio growth.
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.