Section 8 Fair Market Rent (FMR) for ZIP 71008 - 2027

Location: Bienville Parish, LA | Metro: Bienville Parish, LA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$640
1 Bedroom	$680
2 Bedrooms	$890
3 Bedrooms	$1,240
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

315

Median Household Income

$36,029

Housing Units

287

Renter Percentage

44.0%

Occupancy Rate

58.5%

Renter Occupied

The ZIP code 71008, located in the heart of Monroe, Louisiana, offers a unique blend of urban convenience and rural charm. This area is particularly interesting for real-estate investors due to its mix of rental properties and homeownership opportunities, influenced by the local economy and housing market dynamics.

Fair Market Rent (FMR): The Fair Market Rent for the Monroe metro area for fiscal year 2026 is set at $830 per month, indicating a stable demand for affordable housing options.
Market Rent: According to Census ACS data, the average market rent in ZIP 71008 stands at $709, suggesting that rental properties can be priced competitively to attract tenants.
Median Home Value: The median home value in the area is $70,426, which reflects the overall affordability of the housing market for both renters and buyers.
Renter Share: With 44.0% of households being renters, there is a significant portion of the population looking for quality rental properties, presenting a strong opportunity for landlords.
Median Income: The median household income in the area is $36,029, which aligns well with the rental rates, making it feasible for residents to afford housing without straining their budgets.

In summary, ZIP 71008 presents a balanced market with a solid demand for both rental and owner-occupied properties. Landlords and small-portfolio investors can leverage the relatively low median home values and competitive rental rates to secure a steady stream of income. The renter share of over 44.0% ensures a robust tenant pool, while the median income supports the current rental pricing. These factors collectively make the area a promising investment destination for those seeking stable returns in a growing but still affordable market.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

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.