Location: Claiborne Parish, LA | Metro: Claiborne Parish, LA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,100 | $185,901 | 0.59% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 71040 are governed by the SAFMR (Small Area Fair Market Rent) which for a two-bedroom apartment is set at $850 for fiscal year 2026. This figure is higher than the local market rent, which according to the Census ACS data, averages $717. However, the SAFMR does not represent the total amount a landlord will receive from the voucher program. Here's a breakdown of what you can expect:
The SAFMR of $850 is the maximum rent allowed for a two-bedroom unit under the Section 8 program in ZIP 71040. But the actual reimbursement to landlords depends on the tenant's contribution and utility allowances.
To calculate the actual reimbursement to the landlord, subtract the tenant's contribution from the SAFMR. In our example, if the SAFMR is $850 and the tenant contributes $450, the government would pay the landlord the difference, which is $400. Including the utility allowance, the total payment to the landlord would be $700 ($400 + $300).
This means that even though the SAFMR is $850, the actual reimbursement to landlords is lower due to the tenant's contribution and utility allowances. In ZIP 71040, where the local market rent is $717, landlords participating in the Section 8 program can expect a slight surplus when renting a two-bedroom unit, as the reimbursement plus utility allowance exceeds the average market rent.
In summary, landlords in ZIP 71040 should anticipate receiving a total of approximately $700 for a two-bedroom apartment when factoring in the tenant's contribution and utility allowances. This represents a surplus of about $83 compared to the local market rent of $717, making it a financially viable option for landlords looking to participate in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.