FY2026 Fair Market Rents — Franklin Parish
Studio
$601
1BR
$698
2BR
$834
3BR
$1,067
4BR
$1,249
Franklin Parish, Louisiana
FIPS 22041 · County-level FMR and income limit data
FMR Area: Franklin Parish, LA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $601 | $7,212 |
| 1-Bedroom | $698 | $8,376 |
| 2-Bedroom | $834 | $10,008 |
| 3-Bedroom | $1,067 | $12,804 |
| 4-Bedroom | $1,249 | $14,988 |
To afford the FY2026 2-bedroom FMR of $834/mo under the 30%-of-income rule, a household needs about
$33,360/yr ($2,780/mo). Area Median Income is $58,000.
At LA's federal minimum wage of $7.25/hr, a worker would need to work 89 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $601 | $698 | $834 | $1,067 | $1,249 |
| FY2025 | $666 | $775 | $903 | $1,149 | $1,197 |
| FY2024 | $615 | $702 | $822 | $1,045 | $1,095 |
| FY2023 | $629 | $633 | $740 | $946 | $994 |
| FY2022 | $529 | $532 | $696 | $882 | $944 |
| FY2021 | $546 | $550 | $725 | $902 | $983 |
| FY2020 | $536 | $539 | $710 | $885 | $1,039 |
FY2026 Income Limits
Area Median Income: $58,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $36,600 | $39,300 |
| 50% AMI | $23,700 | $27,100 | $30,500 | $33,850 | $36,600 | $39,300 |
| 80% AMI | $37,950 | $43,350 | $48,750 | $54,150 | $58,500 | $62,850 |