Section 8 Fair Market Rent (FMR) for ZIP 71250 - 2027

Location: Morehouse Parish, LA | Metro: Morehouse Parish, LA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$680
1 Bedroom	$700
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$45,500

Housing Units

109

Renter Percentage

N/A

Occupancy Rate

34.9%

Renter Occupied

When considering whether to invest in ZIP code 71250 for Section 8 properties, follow this decision tree based on the data available:

1) Does FMR $820 (zip FY 2024) clear debt service on a property?

No. The Fair Market Rent (FMR) of $820 does not cover the typical debt service costs associated with most rental properties in this area. Debt service includes mortgage payments, insurance, maintenance, and other expenses. Without knowing the exact property cost, assume standard rates that exceed $820 per month.

2) Is market rent above, at, or below FMR?

It depends. The data provided does not specify the average market rent for ZIP 71250. However, given the low FMR, it's likely that market rents are either equal to or slightly above the FMR. This would mean that landlords might struggle to find tenants willing to pay the higher market rates but could still attract Section 8 tenants.

3) Are 0.0% renters + N/A-day DOM enough demand?

No. The percentage of renters being 0.0% suggests there is no rental activity recorded, which indicates very low demand for rental properties in ZIP 71250. Additionally, the lack of Days on Market (DOM) data further underscores insufficient information about the speed at which rental properties are typically filled. With such low demand, it would be challenging to secure a steady stream of Section 8 tenants.

In conclusion, based on the provided data, investing in ZIP 71250 for Section 8 properties is not advisable. The FMR does not sufficiently cover the debt service, indicating potential financial strain. Moreover, the absence of significant rental activity and market rent data suggests an unstable and potentially unprofitable market environment.

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.