Landlords hold a significant 29.2% share of the single-family housing market in Madison Parish, totaling 805 properties.
Individual investors are the primary players, owning 552 properties, which accounts for 68.6% of all investor-owned SFRs. Company investors hold the remaining 257 properties (31.9%).
This ownership pattern extends to the landlords themselves, with 529 individual landlords making up 80.8% of all investors in the parish, compared to 126 company landlords.
A striking financial characteristic of this market is the preference for cash purchases, with 756 properties (93.9%) owned free and clear, while only 49 (6.1%) are financed. This indicates a low reliance on leverage among local investors.
The portfolio is almost entirely dedicated to rentals, with 790 of the 805 properties (98.1%) classified as rented, confirming a strong focus on generating rental income.