Location: Webster Parish, LA | Metro: Webster Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $620 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,170 |
| 5 Bedrooms | $1,357 |
| 6 Bedrooms | $1,520 |
| 7 Bedrooms | $1,642 |
| 8 Bedrooms | $1,724 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 71021, set at $830 for metro fiscal year 2026, represents the payment standard under the Section 8 housing program. This means that if you enroll a property in the Section 8 program in this area, the government will pay up to $830 per month towards the rent of your property. However, this is not necessarily the amount that tenants will pay as their portion of the rent.
To put this into perspective, the average rent in ZIP 71021, according to recent Census American Community Survey data, is $519. This indicates that the FMR is significantly higher than the typical market rent, which could be advantageous for landlords looking to maximize their income from Section 8 rentals.
The 39.5% renter share in ZIP 71021 suggests a strong demand for rental properties. With nearly 40% of residents renting, there is a substantial pool of potential tenants who might benefit from the Section 8 program. This high percentage of renters can translate into a robust occupancy rate, reducing the risk of vacancies.
Note that the acquisition cost for properties in this area is marked as N/A, which implies that specific data on purchase prices or investment costs is not available. However, given the difference between the FMR and the local average rent, it is reasonable to assume that enrolling a property in the Section 8 program could yield a higher monthly income compared to the market rate.
Before committing to a Section 8 rental, ensure that your property meets all the required standards for habitability and safety. The government has strict guidelines on the condition of the property, and failing to meet these can result in penalties or disqualification from the program. Once your property is in compliance, you can expect a steady stream of income, with the government covering up to $830 per month, making it a reliable choice for landlords and small-portfolio investors.
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.