Section 8 Fair Market Rent (FMR) for ZIP 71276 - 2027

Location: Madison Parish, LA | Metro: East Carroll Parish, LA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$670
1 Bedroom	$730
2 Bedrooms	$900
3 Bedrooms	$1,230
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

135

Median Household Income

$83,750

Housing Units

101

Renter Percentage

N/A

Occupancy Rate

62.4%

Renter Occupied

The ZIP code 71276 is located in the heart of Louisiana, encompassing parts of Monroe and the surrounding areas. This region offers a unique blend of urban amenities and rural charm, making it an interesting market for real estate investors.

Fair Market Rent (FMR): The Fair Market Rent for ZIP 71276 in fiscal year 2026 is set at $840 per month, providing a benchmark for rental pricing in the area.
Renter Share: The area has a minuscule 0.0% renter share, indicating that homeownership is predominant, which can be a challenge for landlords looking to attract tenants.
Median Income: The median household income in ZIP 71276 is $83,750, suggesting that residents have a stable financial base, but also implying a preference for homeownership over renting.
Days on Market (DOM): While the exact days on market for properties is not available, this metric would typically reflect how quickly homes are selling in the area, giving insight into the local housing market's activity level.
Middle-Income Designation: The area is designated as middle-income, which aligns with the median income figure and indicates that it is neither a high-cost nor low-cost housing market.
Middle-Income FMR: The $840 FMR for ZIP 71276 is consistent with middle-income standards, reflecting the affordability of the rental market relative to the income levels of the residents.

The data points indicate that while there is a stable income base in ZIP 71276, the market presents challenges for landlords due to the overwhelming preference for homeownership. Investors should focus on understanding the local dynamics and possibly targeting specific segments of the rental market, such as students or young professionals, to find opportunities. The lack of specific market rent data suggests that rental pricing may vary widely based on property quality and location, so careful research and competitive pricing strategies will be crucial for success.

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.