Location: Lincoln Parish, LA | Metro: Lincoln Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The Section 8 analysis for ZIP code 71272 is centered around the disparity between the Fair Market Rent (FMR) and the actual market rent. As of fiscal year 2026, the FMR stands at $940. However, the current market rent data for this area is not available, which complicates a direct comparison.
In the absence of market rent figures, it's critical to understand that when the FMR exceeds the market rent, properties become attractive for landlords looking to maximize their rental yields. Voucher tenants, who are subsidized by the government up to the FMR, can ensure a steady stream of income that aligns with the higher FMR rate, even if the local market rents are lower. This scenario presents an opportunity for landlords to receive payments closer to the FMR without having to compete with other rental properties on price.
Conversely, if the market rent were to be higher than the FMR, accepting Section 8 tenants would mean earning less than what the market could potentially offer. In such cases, landlords must weigh the benefits of guaranteed, consistent income against the potential for higher yields from non-subsidized tenants. The lack of specific market rent data prevents us from quantifying this gap in dollars and percentage terms, but it remains a pivotal consideration for investment decisions in this ZIP code.
Additionally, the analysis should be anchored in the broader economic context of ZIP 71272. Unfortunately, the percentage of renters, the median home value, and the median income figures are also not available. These data points are crucial for understanding the financial landscape in which landlords operate and the potential demand for subsidized housing. Without them, we cannot fully assess how the FMR interacts with the overall affordability and desirability of renting in this area.
To conclude, the key to leveraging Section 8 in ZIP 71272 lies in the relationship between the FMR and the actual market rent. Landlords must consider whether the $940 FMR represents a premium over local rents or falls short of what they could earn in the open market. The decision to accept Section 8 tenants should also take into account the wider economic conditions, despite the lack of detailed data currently available.
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.