Section 8 Fair Market Rent (FMR) for ZIP 71279 - 2027

Location: Richland Parish, LA | Metro: Richland Parish, LA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 71279, located in the heart of Louisiana, is a region characterized by a high concentration of renters, making it a prime location for real estate investments focused on rental properties. The area's reliance on rental housing is evident through its 100.0% renter share, indicating that there is no owner-occupied housing within the ZIP code.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, providing a benchmark for rental property pricing in the region.
Market rent data is currently unavailable for ZIP 71279, but given the FMR and the area's heavy reliance on rentals, it is likely that the local rental market closely follows these guidelines.
There is no median home value data available for this ZIP code, which aligns with the fact that it consists entirely of rental units.
The 100.0% renter share highlights the demand for rental properties in the area, suggesting a stable tenant base and potentially lower vacancy rates.
Data on the days on market (DOM) is also not available, but considering the high renter share, it is reasonable to assume that rental properties are quickly occupied once they become available.
Median income data is currently unavailable, but understanding the local economy and average wages can provide insight into the affordability of rents and potential occupancy rates.

In summary, ZIP 71279 presents a unique opportunity for investors interested in the rental market. With a Fair Market Rent of $890 and a 100.0% renter share, the area is primed for rental investments. Although specific market rent and median income figures are not available, the strong tenant demand suggests that properties priced around the FMR will be well-received. Investors should focus on properties that offer good value and maintain them to attract tenants, ensuring steady cash flow and occupancy. Due diligence in researching the local economic conditions will further enhance investment decisions in this area.

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.