Location: Avoyelles Parish, LA | Metro: Avoyelles Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 71320 stands out due to its extremely low population count of only 134 residents, making it one of the smallest communities to analyze. With a rental rate of 13.9%, it indicates that the majority of the residents own their homes, although the lack of data on median income and median home value leaves some aspects unclear.
The Fair Market Rent (FMR) for ZIP 71320 is set at $900 for fiscal year 2026, which is a critical figure for Section 8 housing. Given the absence of market rent data, the FMR serves as a benchmark for determining eligibility and payment standards for rental assistance. Landlords should be aware that the voucher economics will closely follow this $900 threshold, meaning they can expect to receive this amount per month for a Section 8 tenant. This figure is crucial for setting rents and understanding the financial landscape of the area.
In terms of stability, the data signature for ZIP 71320 suggests a transitional environment. The low population and limited data points indicate a community that may be undergoing changes, either in terms of economic conditions or demographic shifts. However, the presence of a defined FMR provides a level of predictability for landlords and investors, despite the overall uncertainty. It's important to monitor local trends closely to assess how stable or transitional the area truly is, as the small size of the community could mean significant fluctuations with minimal changes in the number of residents or renters.
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.