Franklin Parish, LA: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$8922-bedroom FMR, FY2027

$7121-bedroom FMR, FY2027

$54,15080% income limit, family of 4 (FY2026)

$58,000Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Franklin Parish is $892 a month, up 7.0% from $834 in FY2026. Franklin Parish belongs to the Franklin Parish, LA FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Franklin Parish by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$644	$601	+7.2%	$580 – $708
1 bedroom	$712	$698	+2.0%	$641 – $783
2 bedrooms	$892	$834	+7.0%	$803 – $981
3 bedrooms	$1,091	$1,067	+2.2%	$982 – $1,200
4 bedrooms	$1,355	$1,249	+8.5%	$1,220 – $1,490

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Franklin Parish that is typically $803 to $981 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$37,127median income of renter households

$721Median gross rent, all units

23%Rent-to-income ratio (median rent ÷ median renter income)

45%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $37,127 can afford about $928 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $892 is $36 (3.9%) less than that. To rent a two-bedroom at the FMR, a household needs $35,680 a year under the 30% rule, or $32,112 under the common landlord rule that income must be three times the rent.

Franklin Parish, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$721 ±$31
Median income of renter households	$37,127 ±$4,262
Renters paying 30% or more of income (cost-burdened)	45.4% ±8.2
Renters paying 50% or more (severely cost-burdened)	13.7% ±5.6
Renter households (where the share can be computed)	1,480

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$587	$721	+22.8%
Median renter household income	$15,505	$37,127	+139.5%
Renters paying 30%+ of income	69.8%	45.4%	−24.4 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Franklin Parish (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $58,000 (FY2025: $58,700, −1.2%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$15,960 +2.0%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$36,600 +4.6%	$39,300 +4.5%	$42,000 +4.5%	$44,700 +4.4%
Very low income (50%)	$23,700 +4.4%	$27,100 +4.4%	$30,500 +4.5%	$33,850 +4.5%	$36,600 +4.6%	$39,300 +4.5%	$42,000 +4.5%	$44,700 +4.4%
Low income (80%)	$37,950 +4.5%	$43,350 +4.5%	$48,750 +4.4%	$54,150 +4.4%	$58,500 +4.5%	$62,850 +4.5%	$67,150 +4.4%	$71,500 +4.5%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.