Section 8 Fair Market Rent (FMR) for ZIP 71351 - 2027

Location: Avoyelles Parish, LA | Metro: Alexandria, LA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$730
2 Bedrooms	$920
3 Bedrooms	$1,210
4 Bedrooms	$1,390
5 Bedrooms	$1,612
6 Bedrooms	$1,805
7 Bedrooms	$1,949
8 Bedrooms	$2,046

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

11,499

Median Household Income

$46,378

Housing Units

5,401

Renter Percentage

33.2%

Occupancy Rate

81.2%

Renter Occupied

1,458

The ZIP code 71351, located in Louisiana, is a modest residential area with a mix of homeowners and renters. The local economy supports a range of housing options, from rental properties to affordable homes, making it a viable investment opportunity for those interested in real estate in this region.

The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $860. This figure represents the maximum amount that a household participating in the Section 8 program can be charged for rent, providing a benchmark for rental pricing.
The average market rent for properties in ZIP 71351 is $787, according to the latest Census American Community Survey (ACS) data. This indicates that the market rent is slightly below the FMR, suggesting a competitive rental environment where landlords must offer value to attract tenants.
The median home value in the area stands at $121,197. This relatively low figure makes homeownership accessible to many residents, but also implies that property values might not appreciate as rapidly as in areas with higher median home values.
Renters make up 33.2% of the population in ZIP 71351, indicating a significant portion of the community relies on rental housing. This percentage suggests a steady demand for rental units, though it's less than half, meaning homeownership remains prevalent.
The median household income in the area is $46,378. While this figure provides insight into the financial capacity of the local population, it does not directly correlate with the ability to pay higher rents without additional context on employment stability and local job markets.

Synthesizing these points, ZIP 71351 presents a balanced market for both homeowners and renters. With a substantial renter share and market rents below the FMR, there is potential for landlords to offer competitive rates while still adhering to government guidelines. However, the lower median home values suggest that appreciation might be limited, which could impact long-term investment strategies focusing on property value growth. Small-portfolio investors should consider the economic backdrop and the community's reliance on rental housing when evaluating opportunities 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.