Section 8 Fair Market Rent (FMR) for ZIP 71273 - 2027

FY 2027 Fair Market Rent Rates

The Section 8 housing program in ZIP code 71273, located in Lincoln Parish County, Louisiana, operates under specific economic guidelines that directly impact landlords and small-portfolio investors. For fiscal year 2026, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code is set at $890. This figure is crucial because it represents the maximum amount that the housing authority will pay on behalf of a tenant receiving a Section 8 voucher.

To understand how much you can expect to be reimbursed, it's important to break down the components of the voucher payment. The SAFMR does not cover the entire rent; rather, it is meant to supplement the tenant's contribution. Typically, the tenant is responsible for paying 30% of their adjusted income towards rent. The remainder, up to the $890 limit, is covered by the government through the voucher program.

In addition to the base rent, the voucher also includes utility allowances. These allowances vary but are designed to cover the cost of utilities such as electricity, water, and gas. However, the exact amount of these allowances is not specified here, so landlords should check with the local housing authority for precise figures.

Once the tenant's portion and utility allowances are factored into the total, the reimbursement to the landlord is calculated. If the tenant's share plus the utility allowance exceeds the $890 SAFMR, the landlord will receive the full $890. Otherwise, they will receive the sum of the tenant's contribution and the utility allowance, whichever is lower.

Given the SAFMR of $890 and assuming the local market rent is higher, there will likely be a reimbursement gap. This means that landlords might not receive the full market rent for a two-bedroom unit. Conversely, if the market rent is lower than the SAFMR, landlords could potentially benefit from a surplus, where the voucher payment covers more than the actual rent charged.

However, since the local market rent is listed as N/A, we cannot provide a specific surplus or gap figure. To accurately determine the reimbursement gap or surplus, landlords would need to compare the SAFMR of $890 against the actual market rents for similar units in the area. This comparison will reveal whether the landlord will be overpaid or underpaid relative to market conditions.

Data Sources: FMR data from HUD (2027).

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.