Section 8 Fair Market Rent (FMR) for ZIP 71072 - 2027
Location: Webster Parish, LA | Metro: Webster Parish, LA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $660 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$83,472
A skeptical investor might raise several concerns regarding investing in ZIP 71072 (Shongaloo, LA). Here are some common objections along with the data to address them.
- Will FMR $890 (metro FY 2026) cover the mortgage on a N/A home?: The Fair Market Rent (FMR) in ZIP 71072 is set at $890 for FY 2026. However, the median sale price of a home in 71072 was $130,000 in February 2026, which has seen a significant decline of 49.0% since the previous year. Given the lower median home prices, securing a mortgage with a monthly payment covered by the FMR is plausible. However, the exact mortgage cost depends on factors such as interest rates and down payments, which are not specified in the available data.
- Is there enough renter demand at 16.8%?: The renter demand in ZIP 71072 stands at 16.8%. While this percentage is relatively low, it suggests that there is still a considerable base of renters looking for affordable housing options. The recent sales data shows homes being sold for prices ranging from $28,000 to $149,900, indicating a diverse market that could cater to different types of renters. Additionally, the lower median home prices make it feasible for potential renters to find suitable accommodations within their budget.
- Will vouchers keep pace with N/A market rents?: Unfortunately, the data does not provide specific information regarding the pace of voucher adjustments relative to market rents in ZIP 71072. However, given the current FMR and the relatively low median home prices, it is likely that vouchers will cover a significant portion of the rent. It's important to monitor local government policies and updates to ensure that vouchers remain aligned with market conditions.
Note that the data does not specify the average market rent or the typical down payment required for a home in ZIP 71072, so these points cannot be fully addressed with the provided information. Nonetheless, the overall affordability and current trends suggest that investing in this area could be a viable option 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.