Location: Vernon Parish, LA | Metro: Vernon Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
The analysis of ZIP code 71496 in Unknown, Louisiana, reveals a unique set of characteristics that can inform investment decisions. With the Fair Market Rent (FMR) for the metro area set at $1,050 for fiscal year 2026, this figure serves as a benchmark for rental prices in the area. However, the lack of specific market rental rates and home values for ZIP 71496 introduces uncertainty into the yield assessment.
On the yield axis, the FMR suggests a moderate potential for rental income, assuming that the market rental rates align closely with this figure. Yet, without concrete market data, it's challenging to provide a definitive classification. The absence of detailed market figures means we cannot accurately compare the FMR to prevailing rental rates or home values, which are critical for determining whether this is a high-yield market.
Regarding stability, the missing percentages of renters, days on the market (DOM), and median income make it difficult to assess the risk factors associated with the area. Typically, higher percentages of renters and longer DOM periods indicate less stability, while median income levels can influence the ability of residents to pay rent consistently. Without these figures, it's impossible to determine if the market offers steady cash flow or if it leans towards being unstable.
In summary, ZIP 71496 appears to be a market with moderate yield potential based on the FMR of $1,050. However, due to the lack of specific market rental rates and home values, it cannot be classified definitively as either high-yield or low-stability. Similarly, the stability of the market remains unclear without data on the percentage of renters, DOM, and median income. Therefore, this market falls into an ambiguous category, neither clearly a high-yield/low-stability flip-style market nor a steady-cashflow zone. For landlords and small-portfolio investors, further investigation into local market conditions would be necessary to make informed decisions about investments in ZIP 71496.
Data Sources: FMR data from HUD (2027).
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.