Location: Franklin Parish, LA | Metro: Franklin Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
ZIP code 71230 is located in Crowville, Louisiana. The data available for this area is limited, with significant portions of key demographic information marked as 'N/A'. However, we can infer certain aspects from the available details. For instance, the median age in ZIP code 71230 is 53.0 years, which is notably higher than both the national average of 38.8 years and the state average of 38.1 years. This suggests an older population, potentially retired or nearing retirement, which could influence the demand for housing and rental properties.
Moving into the economic context, the Fair Market Rent (FMR) for ZIP code 71230, as determined by the U.S. Department of Housing and Urban Development for fiscal year 2026, is set at $830. This figure represents the maximum amount that a voucher holder can pay for rent. Unfortunately, the exact market rent for the area is also listed as 'N/A', making it challenging to directly compare the FMR to actual market conditions. However, given the rural setting of Crowville, it's reasonable to expect that the FMR is reflective of the local market, possibly even slightly above average.
Considering the nature of the ZIP code and the demographics, this area would likely be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The older population might indicate a preference for stable, affordable housing over renovations or improvements that could increase costs. Additionally, the reliance on Section 8 vouchers suggests a tenant base that prioritizes fixed, government-regulated rents over market rates. Therefore, landlords and investors should focus on providing well-maintained, compliant units rather than seeking opportunities for aggressive property enhancements or management strategies.
Data Sources: FMR data from HUD (2027).
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.