Location: Lincoln Parish, LA | Metro: Monroe, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $280,817 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 71227 stands out within its county due to several key factors. With a population of 3,783 residents, it has a rental rate of 18.5%, which is slightly below the national average. The median income in this area is $64,195, providing a modest economic base. However, the median home value is notably higher at $263,157, indicating a strong housing market.
The voucher economics in ZIP 71227 are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $990 for the fiscal year 2024, while the market rent, according to Census ACS data, is $933. This means that landlords can potentially receive a higher rent payment through the Section 8 program compared to the current market rates, making it an attractive option for those seeking stable tenants.
The data signature for ZIP 71227 reads as relatively stable. The modest median income suggests a community that is economically steady but not booming. The slightly elevated median home value indicates a robust local real estate market, likely supported by consistent demand and appreciation over time. The low rental rate implies that homeownership is preferred, which could be attributed to the stable housing values and a general sense of long-term investment in property.
Landlords and small-portfolio investors should consider the advantages of the Section 8 program in this ZIP code. By participating, they can ensure a steady stream of income that exceeds the current market rates, all while providing affordable housing options to residents. The stability of the area supports a reliable tenant pool, minimizing the risk of vacancy and default.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.