Section 8 Fair Market Rent (FMR) for ZIP 71647 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 71647, located in Louisiana, is an area with significant opportunities for real estate investment, particularly in rental properties. The mix of federal guidelines and local market conditions presents a clear path for both landlords and small-portfolio investors looking to enter or expand their holdings in this region.

• The Fair Market Rent (FMR) for ZIP 71647 is set at $880 for fiscal year 2026, indicating the maximum amount that can be charged for federally subsidized housing units. This figure serves as a benchmark for rental pricing in the area.
• The actual market rent, based on Census American Community Survey (ACS) data, stands at $520 per month. This suggests that there is room for rental price increases to align more closely with the FMR, potentially offering higher returns on investment.
• The median home value in the area is not available, which could imply a lack of comprehensive data or a smaller number of home sales. However, this also means that rental properties might dominate the market landscape.
• Renters make up 24.8% of the population in ZIP 71647, highlighting a significant portion of the community that relies on rental housing. This demand provides a stable base for rental investments.
• The median income for residents in this ZIP code is $50,441. Given the current market rent, this income level supports the affordability of rental properties, making it likely that tenants will be able to meet their monthly obligations.
• The Days on Market (DOM) data is not available, which typically indicates how long properties stay on the market before being rented. However, the combination of the FMR and the existing market rent suggests a potentially quick turnover if priced correctly.

In summary, the ZIP code 71647 offers a favorable environment for real estate investors focusing on rental properties. With a significant portion of the population renting and the current market rent well below the FMR, there is potential to increase rental prices and still remain competitive. The median income supports the ability of residents to afford rent, ensuring a steady stream of potential tenants. Despite the lack of data on median home values and DOM, the overall picture points towards a viable investment opportunity with room for growth and profit.

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.