Location: West Carroll Parish, LA | Metro: Morehouse Parish, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,100 | $200,531 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 71269 presents an interesting scenario for both renters and landlords. The median household income in this area stands at $49,668. Considering the market rate for rent, which is $909 according to the Census ACS, it becomes evident that a significant portion of the population may struggle to afford housing without financial assistance.
In contrast, the Fair Market Rent (FMR) standard for voucher payments in ZIP 71269 for fiscal year 2024 is set at $820. This means that households receiving vouchers can secure housing at a lower cost compared to the market rate, making it more accessible for them. The disparity between the market rate and the FMR highlights an affordability gap that could impact the rental market dynamics.
With approximately 34.5% of the population being renters and a total population of 12,318, the competition among landlords could be quite intense. Landlords who accept Section 8 vouchers might find themselves in a more favorable position, as they can cater to a segment of the population that otherwise would have difficulty affording market-rate rents. However, those relying solely on cash-paying tenants may face challenges in attracting and retaining residents.
The takeaway for landlords considering their strategy in ZIP 71269 is clear: accepting Section 8 vouchers can be a viable option to ensure steady occupancy. While the voucher rate is slightly below the market rate, it aligns closely with the median income of the area, making it a realistic choice for many potential tenants. For landlords focused on cash pay, it's essential to offer competitive pricing and amenities to attract and retain tenants in a market where affordability is a concern.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.