Location: Franklin Parish, LA | Metro: Franklin Parish, LA
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 | $690 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,160 | $159,358 | 0.73% | D |
U.S. Census Bureau data (2024)
ZIP 71295, located in Franklin Parish, LA, serves as a cash-flow anchor within a Section 8 portfolio strategy. The key metric supporting this classification is the spread between the Fair Market Rent (FMR) set at $870 for the metro area for fiscal year 2026 and the current market rent of $738. This indicates that properties in ZIP 71295 can command higher rents through Section 8 vouchers compared to the local market rate.
The median home value in ZIP 71295 is $109,021, which is relatively low. This makes the area attractive for small-portfolio investors looking to minimize their initial capital outlay while still benefiting from stable rental income. The guaranteed payment structure of Section 8 vouchers provides a reliable cash flow, essential for maintaining the financial health of a real estate portfolio.
While ZIP 71295 offers limited potential as an appreciation play, with only a 0.1% price-cut share and no data available on days on market (DOM), it remains a solid choice for investors focused on cash flow rather than rapid property value growth. The low median income of $48,211 further supports the reliance on Section 8 vouchers as a means to secure tenancy and ensure timely rent payments.
ZIP 71295 does not excel as a diversifier either, despite having a 26.9% renter share. The high dependency on Section 8 vouchers means that the investment strategy here is less about balancing different types of tenants and more about leveraging government subsidies to maintain steady cash flows. This ZIP code is best suited for investors who prioritize consistent income over diversification benefits.
In conclusion, ZIP 71295 acts as a cash-flow anchor due to the substantial $132 spread between FMR and market rent, making it ideal for landlords and small-portfolio investors seeking stable and predictable returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.