Section 8 Fair Market Rent (FMR) for ZIP 71477 - 2027

FY 2027 Fair Market Rent Rates

ZIP code 71477 is located in Tioga, Louisiana, a part of Rapides Parish. The exact population of this ZIP code is not readily available, but it is known that Tioga is a small town with limited data on specific metrics such as the percentage of renters and median income. However, we can infer that the community likely faces challenges typical of rural areas, including lower incomes and potentially higher percentages of renters.

The median home value for ZIP 71477 is also not specified in the available data, which suggests that the real estate market here may not be extensively tracked compared to larger urban centers. This could indicate a less active market with fewer transactions, making it challenging to gauge precise market dynamics.

Moving to the rent economics, the Fair Market Rent (FMR) for ZIP 71477 in fiscal year 2024 is set at $1000. This figure is crucial for landlords and small-portfolio investors considering Section 8 properties. While the exact market rent is not provided, it is reasonable to assume that the FMR closely aligns with the local market conditions given the rural setting of Tioga.

Given the limited data and the rural nature of Tioga, this ZIP code might suit a hands-off voucher operator more than a hands-on value-add buyer. The stable demand for affordable housing and the straightforward administration of Section 8 properties can make them a reliable investment choice. However, the potential for significant growth or value appreciation is likely lower due to the town's size and economic profile.

Data Sources: FMR data from HUD (2027).

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.