Real Estate Investing in Farmerville, Louisiana (71241)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71241 (Farmerville, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.9% of homes vacant — above national norms.
- Elevated poverty: 20.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Farmerville, LA (71241)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 71241 Farmerville
ZIP 71241 inside Union Parish looks affordable on the surface — median value of $186K — but the discount exists for reasons that a careful buyer should understand before committing.
Meanwhile, the numbers look inviting — $186K purchase price, 0.0% nominal cap — the work to hit that pro forma in 71241 is substantial and deserves full respect.
Regionally, 71241 sits on the difficult end of the LA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 71241 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Farmerville:
Property Strategy for 71241
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $100,608 | $700 | 5.0% | — | $100,608 |
| 2BR | $123,943 | $900 | 5.2% | +1.1% | $61,971 |
| 3BR | $182,553 | $1,160 | 4.6% | +4.1% | $60,851 |
| 4BR | $254,606 | $1,440 | 4.1% | +3.6% | $63,652 |
Market Trends
Home Value History (with trend line)
📊 How Does 71241 Compare?
| Metric | 71241 | Farmerville | Monroe, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $185,647 | $185,647 | N/A | $207,909 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 0.7% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71241 (Farmerville, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,647 |
| Monthly Rent | $810 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71241
Population: 7,773
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 71241
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How does Farmerville, LA rate as a rental market?
Farmerville, LA scores 3.0/5 for investability. Home values sit at $186K and rents near $810/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical vacancy rate in Farmerville, LA?
Occupancy in Farmerville, LA runs even-keeled with elevated vacancy. Well-priced units at $810/mo lease on reasonable timelines.
Is Farmerville, LA a friendly market for rental owners?
For rental operators, Farmerville, LA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is it easy to find good tenants in Farmerville, LA?
Tenant demand in Farmerville, LA is solid. The local workforce $810/mo rents across most rental classes.
What do rentals go for in Farmerville, LA?
Rental rates in Farmerville, LA average $810/mo. Tenant demand and $186K home values make the yield look reasonable by investor standards.
You know 71241 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 71241 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 71241 ranks in Monroe, LA
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Community Ratings
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