Location: Lincoln Parish, LA | Metro: Bienville Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 71275, located in Louisiana, presents an interesting scenario for both renters and landlords. The median household income here stands at $36,225, which places significant constraints on the financial capacity of residents to cover rental costs. At a market rate of $940 per month, as reported by the Census ACS, many households would find it challenging to meet these expenses without substantial financial strain.
In comparison, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900. This standard is slightly lower than the market rate but still represents a considerable portion of the average household's income. Given that only 24.0% of the 2,363 residents are renters, the competition among landlords could be fierce, especially if they aim to attract tenants who are already stretched financially.
The affordability gap between the median income and the rental rates means that landlords must carefully consider their pricing strategy. Offering rents closer to the FMR of $900 might attract more voucher holders, who can use their subsidies to cover the rent, thus ensuring steady cash flow. However, landlords should also weigh the administrative complexity and potential delays associated with voucher programs against the simplicity of collecting cash payments directly from tenants.
Takeaway for Landlords: In ZIP 71275, where median incomes are relatively low and the number of renters is limited, landlords should seriously evaluate the benefits of accepting housing vouchers. While the market rate of $940 is higher, the reality of local income levels suggests that a more affordable rent of around $900, aligned with the FMR, could make properties more attractive to a larger pool of potential tenants. This strategy could help landlords secure long-term, stable tenancy despite the operational challenges of participating in voucher programs.
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.