Louisiana · FIPS 22041 · HUD FY 2027
Franklin Parish, Louisiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Franklin Parish is $892 a month (rent plus utilities), 23% below the Louisiana average of $1,161 and 49% below the U.S. average of $1,761. That is up $58 (7.0%) from FY 2026. At 30% of income, a household needs about $35,680 a year to afford it.
- $8922-bedroom FMR+$58 (+7.0%) vs FY 2026
- $7121-bedroom FMRLouisiana: $973 · U.S.: $1,478
- $35,680Income for a 2-bedroom$17/hour full-time
- 45 of 642BR rank in Louisiana1 = highest rent
| Unit | Franklin Parish FY 2027 | FY 2026 | Change | Louisiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $644 | $601 | +$43 (+7.2%) | $895 | $1,379 | $25,760 |
| 1 bedroom | $712 | $698 | +$14 (+2.0%) | $973 | $1,478 | $28,480 |
| 2 bedrooms | $892 | $834 | +$58 (+7.0%) | $1,161 | $1,761 | $35,680 |
| 3 bedrooms | $1,091 | $1,067 | +$24 (+2.2%) | $1,485 | $2,266 | $43,640 |
| 4 bedrooms | $1,355 | $1,249 | +$106 (+8.5%) | $1,723 | $2,607 | $54,200 |
How Franklin Parish compares
- Franklin Parish is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Louisiana, 2-bedroom FMRs run from $892 (Winn Parish) to $1,480 (Jefferson Parish).
- Studio to 4-bedroom: $644, $712, $892, $1,091, $1,355. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 6 ZIP codes mostly in Franklin Parish (by land area), the 2-bedroom figure ranges from $890 to $960.
Small Area FMRs by ZIP code in Franklin Parish
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 71219 | $750 | $770 | $960 | $1,150 | $1,370 | +$30 (+3.2%) | 8% above |
| 71230 | $640 | $710 | $890 | $1,090 | $1,350 | +$60 (+7.2%) | about the same as |
| 71243 | $670 | $720 | $920 | $1,170 | $1,390 | +$70 (+8.2%) | 3% above |
| 71295 | $690 | $760 | $950 | $1,160 | $1,440 | +$80 (+9.2%) | 7% above |
| 71336 | $640 | $710 | $890 | $1,090 | $1,350 | +$60 (+7.2%) | about the same as |
| 71378 | $640 | $710 | $890 | $1,090 | $1,350 | +$60 (+7.2%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.