Location: Jackson Parish, LA | Metro: Jackson Parish, LA
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 71247 encompasses a small community with a total population of 1,133 residents. Nearly half of the population, 49.7%, are renters, indicating a significant demand for affordable housing options. The median income in this area stands at $34,531, suggesting a lower-income demographic that heavily relies on assistance programs such as Section 8 vouchers.
In terms of rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $850. However, the current market rent, as reported by the Census Bureau's American Community Survey (ACS), is $709. This discrepancy between FMR and market rent implies that there is room for landlords to potentially increase their rental rates while still remaining competitive and within the bounds of the Section 8 program.
Given these factors, ZIP 71247 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the high percentage of renters and the reliance on Section 8 vouchers provide a stable tenant base with guaranteed income. On the other hand, for hands-on value-add buyers, the lower median income and the difference between FMR and market rent offer opportunities to improve properties and increase rents gradually without alienating tenants.
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.