Location: Franklin Parish, LA | Metro: Franklin Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
ZIP code 71336, located in Franklin Parish, Louisiana, serves as an ideal diversifier within a Section 8 portfolio strategy. With a renter share of 22.6%, this area ensures a stable tenant pool, which is crucial for maintaining consistent rental income. The median household income of $45,868 aligns well with the financial requirements of the Section 8 program, indicating that many residents qualify for housing assistance.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $830, while the current market rent is $610. This creates a spread of $220, suggesting that landlords participating in the Section 8 program can expect higher rents compared to the local market average. However, the lack of data on median home values and price-cut shares indicates that appreciation potential is limited in this ZIP code. Therefore, it is best categorized as a diversifier rather than an appreciation play or a cash-flow anchor.
Incorporating ZIP 71336 into a Section 8 portfolio provides several benefits. First, the higher-than-market rental rates under the Section 8 program help mitigate risks associated with property management in areas with lower median incomes. Second, the steady demand for rental properties ensures long-term occupancy, reducing vacancy costs and increasing predictability in cash flow. Lastly, the diversification offered by this ZIP code can balance out a portfolio that includes properties in different economic conditions, providing a more robust investment strategy overall.
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.