Location: East Carroll Parish, LA | Metro: East Carroll Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
ZIP code 71254, located within East Carroll Parish, Louisiana, presents a unique set of characteristics when compared to typical ZIP codes within the same parish. The Fair Market Rent (FMR) for ZIP 71254 is set at $830 for fiscal year 2026, which is higher than the market rent of $652. This indicates that while the government sets a higher standard for rental affordability, actual market conditions suggest lower rents.
The home value in ZIP 71254 is significantly lower at $57,610 compared to what might be expected in a typical metro area. This low home value suggests an opportunity for investors looking to acquire properties at a fraction of their potential worth, especially considering the higher FMR. Additionally, the 46.4% renter share in ZIP 71254 is noteworthy, indicating a substantial portion of the population relies on rentals rather than owning homes.
Given the specific figures, ZIP 71254 can be classified as a value pocket within its metro. The combination of a below-metro home value and a high renter share makes it particularly attractive for Section 8 investors. Landlords and small-portfolio investors should take note of the disparity between the FMR and the actual market rent, as it could present opportunities to charge rents closer to the FMR without exceeding the market rate, thereby maximizing income potential.
A value pocket typically signifies areas where property values are lower than average, yet the demand for affordable housing remains high. In ZIP 71254, this is evident through the relatively low home values coupled with a significant renter share. Investors should consider these factors when evaluating potential returns and risks associated with properties in this ZIP code.
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.