Section 8 Fair Market Rent (FMR) for ZIP 71226 - 2027

Location: Jackson Parish, LA | Metro: Jackson Parish, LA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$640
1 Bedroom	$820
2 Bedrooms	$890
3 Bedrooms	$1,240
4 Bedrooms	$1,310
5 Bedrooms	$1,520
6 Bedrooms	$1,702
7 Bedrooms	$1,838
8 Bedrooms	$1,930

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,559

Median Household Income

$49,669

Housing Units

925

Renter Percentage

22.0%

Occupancy Rate

70.2%

Renter Occupied

143

Chatham, Louisiana, represented by ZIP code 71226, is a modest-sized community situated in the heart of the state. The real estate market here reflects a balance between affordability and stability, making it an interesting prospect for both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $830.
The average market rent for properties in ZIP 71226, based on recent Census data, stands at $734.
The median home value in this area is notably lower than national averages, currently at $76,200.
Renters make up a significant portion of the local housing market, with a 22.0% share of residents choosing to lease rather than own their homes.
The median household income in ZIP 71226 is recorded at $49,669.
While specific days on market (DOM) data was not immediately available, the relatively low median home value suggests that the market could be slower-moving, indicative of a stable but not rapidly appreciating environment.

Synthesizing these points, the real estate market in ZIP 71226 offers a balanced opportunity for investment. With rental prices slightly below the FMR, there is room for growth as the area continues to develop. The low median home value indicates that property acquisition can be cost-effective, though it also implies a potentially conservative appreciation rate. Given the substantial renter share, the demand for affordable rental units remains strong, supported by a median income level that aligns well with the current rental rates. Investors should focus on providing quality, affordable rental options to capitalize on the existing market dynamics.

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.