Location: Sabine Parish, LA | Metro: Sabine Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 71486, located within the Sabine Parish, LA metro area, presents an interesting mix of economic indicators that can be compared against typical ZIP codes in the same region. The Fair Market Rent (FMR) for 71486 is set at $890 for fiscal year 2026, which is higher than the market rent figure of $545. This discrepancy suggests that the federally determined FMR is intended to cover a broader range of housing costs, including utilities, while the market rent reflects what tenants typically pay.
The median home value in 71486 stands at $187,495, which is relatively modest compared to other metropolitan areas but must be considered in the context of the local economy. The renter share, which is the percentage of households that rent rather than own their homes, is 22.1%. This figure is indicative of a neighborhood where a significant portion of residents are renters, potentially influenced by factors such as affordability, lifestyle choices, or the availability of rental properties.
To determine if 71486 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we need to consider how these figures compare to the overall trends in Sabine Parish, LA. A value pocket would typically have lower FMR and market rents, along with a lower home value and possibly a higher renter share, indicating it might attract low-income or Section 8 tenants. A mid-tier neighborhood would balance these factors, offering neither exceptionally high nor low values. A premium sub-market would likely show higher FMR and market rents, elevated home values, and a lower renter share, suggesting a preference for homeownership among residents.
Based on the provided data, 71486 appears to be a value pocket. The significant gap between the FMR and market rent, coupled with the moderate home value and notable renter share, suggests that it could be attractive to Section 8 tenants. The high renter share combined with a below-average home value often points to a sweet spot for landlords and small-portfolio investors looking to capitalize on affordable housing opportunities.
Landlords and investors should also note the potential for rental income growth if market rents rise closer to the FMR over time. However, the current conditions indicate a stable, yet economically accessible neighborhood that aligns well with the needs of those seeking affordable rental options.
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.