Location: West Carroll Parish, LA | Metro: West Carroll Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,230 |
| 5 Bedrooms | $1,427 |
| 6 Bedrooms | $1,598 |
| 7 Bedrooms | $1,726 |
| 8 Bedrooms | $1,812 |
U.S. Census Bureau data (2024)
42.3% of residents in ZIP 71242 are renters, indicating a strong demand for rental properties in the area. $38,833 is the median income for this ZIP code, which is significantly lower than the national average, suggesting financial constraints among the local population. This economic context makes the $830 Fair Market Rent (FMR) for the metro area in fiscal year 2026 particularly relevant for landlords and small-portfolio investors. The FMR serves as a benchmark for rental pricing, ensuring that rents are affordable for low-income households while still providing a reasonable return on investment.
The lack of specific data on market rent and median home value in ZIP 71242 means that investors must rely heavily on the FMR as a guide. However, the high percentage of renters, at 42.3%, indicates that there is a substantial portion of the population who would be interested in Section 8 housing. This program provides rental assistance to eligible low-income families, making it easier for landlords to find tenants and maintain occupancy rates.
Given the economic conditions and the significant renter share, it's prudent for investors to consider the stability that comes with Section 8 tenancy. With a median income of $38,833, many residents would qualify for the program, thus creating a steady pool of potential tenants. The absence of data on days on market (DOM) and the percentage of homes that have had their prices cut suggests that the real estate market in ZIP 71242 is relatively stable, without the speculative fluctuations seen in some other areas.
In conclusion, the economic indicators and high renter share in ZIP 71242 point towards a favorable environment for Section 8 participation. Landlords can expect a reliable tenant base and a predictable income stream, with the $830 FMR serving as a solid foundation for setting competitive and fair rental prices. The verdict for Section 8 in ZIP 71242 is positive, offering a secure investment opportunity for those willing to engage with the program.
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.