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 |
To classify ZIP code 71249 in Unknown, Louisiana, we must consider the available data on yield and stability. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $830. However, specific market rent and home value figures for ZIP 71249 are not provided, making it difficult to compare against local benchmarks.
On the yield axis, the FMR suggests that rental properties in this ZIP code can generate a consistent income of $830 per month if they align with the metro average. This figure indicates a moderate potential for yield, assuming the actual market rents do not significantly deviate from the FMR. Without precise market rent data, we cannot definitively state whether this ZIP code offers high-yield opportunities, but the FMR provides a useful starting point.
Moving to the stability axis, we lack specific percentages of renters, days on market (DOM), and median income data for ZIP 71249. These metrics would help us understand the tenant turnover rate, how quickly properties are sold, and the financial health of the local population. Given the absence of these key indicators, we cannot fully assess the stability of the market.
Without complete data on market rent and home values, as well as critical stability measures, ZIP 71249 cannot be clearly categorized as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The FMR of $830 suggests a moderate yield potential, but the overall stability remains uncertain due to missing data points. Landlords and small-portfolio investors should seek additional local market research to make informed decisions about the potential risks and returns in this area.
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.