Location: West Carroll Parish, LA | Metro: West Carroll 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 | $640 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,230 |
| 5 Bedrooms | $1,427 |
| 6 Bedrooms | $1,598 |
| 7 Bedrooms | $1,726 |
| 8 Bedrooms | $1,812 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,170 | $152,666 | 0.77% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 71263 are governed by the SAFMR (Small Area Fair Market Rent) which for a two-bedroom apartment is set at $830 per month for fiscal year 2026. This is higher than the local market rent of $708 as reported by the Census ACS. However, it's important to understand that the SAFMR is not necessarily what a landlord will receive in full from a Section 8 voucher.
A Section 8 voucher is designed to cover the difference between what a low-income family can afford and the cost of their rental housing. For ZIP 71263, here’s how the payment works:
In addition to the base rent, there are utility allowances which vary based on the type of unit and the location. For ZIP 71263, these allowances can range from $200 to $300 per month depending on the specifics of the property and the needs of the tenant.
This means that if we consider an average utility allowance of $250, the total reimbursement a landlord might receive for a two-bedroom apartment would be $780 ($530 base rent + $250 utilities).
Given that the local market rent is $708, a landlord participating in the Section 8 program for a two-bedroom apartment in ZIP 71263 would typically see a surplus of $72 per month over the local market rate. This surplus provides a buffer that can help offset any administrative costs associated with the program or any potential maintenance issues that might arise.
To summarize, landlords in ZIP 71263 can expect to receive approximately $780 per month for a two-bedroom apartment when a tenant uses a Section 8 voucher, which is $72 above the local market rent of $708. This makes Section 8 a viable option for landlords looking to ensure steady and reliable rental income while contributing to affordable housing solutions.
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.