Investors hold a significant 11.8% of the 6,022 single-family residential properties in St. James Parish, totaling 709 homes.
The market is characterized by individual ownership, with 579 properties (81.7%) held by individuals compared to just 131 (18.5%) owned by companies.
By entity count, individual landlords outnumber company landlords by nearly 8-to-1 (664 individuals vs. 84 companies), underscoring the 'mom-and-pop' nature of the local rental market.
A striking financial characteristic of this market is that 100% of the 709 investor-owned properties are held free and clear, with zero properties recorded as financed.
The portfolio is heavily geared towards generating rental income, with 698 properties (98.4%) identified as rented or non-owner-occupied.