Investors hold a significant 14.5% of the total 9,800 Single-Family Residential properties in Iberville Parish, amounting to a portfolio of 1,424 homes.
The market is overwhelmingly controlled by individual investors, who own 960 properties (67.4%), compared to 468 properties (32.9%) owned by companies. This dynamic is even more pronounced at the entity level, where 1,129 individual landlords operate versus only 246 companies.
Cash is the dominant transaction method, with 1,271 properties (89.3% of the portfolio) held free and clear, while only 153 are financed. This indicates a market of well-capitalized investors who prefer to operate without leverage.
The portfolio's primary purpose is clear, with 1,334 of the 1,424 investor-owned properties designated as rentals. This 93.7% rental penetration underscores the focus on generating income from these assets.
The average portfolio size is exceptionally small, with 1,424 properties spread across 1,375 distinct landlords. This ratio suggests that the market is built upon a foundation of single-property owners, rather than large-scale aggregators.