Location: Madison Parish, LA | Metro: Madison Parish, LA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
The economics of Section 8 housing in ZIP code 71284, located in Madison Parish County, Louisiana, can be broken down into several key components. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $830. This figure represents the maximum amount that the Housing Choice Voucher program will pay for rent in this specific area.
To understand what a landlord might receive from a voucher, it's important to factor in the tenant's portion of the rent and any utility allowances. Typically, tenants contribute approximately 30% of their adjusted income towards rent. For simplicity, let's assume an average adjusted income of $1,000 per month, which would result in a tenant contribution of $300. This leaves the voucher program to cover the remaining $530 of the SAFMR, bringing the total payment to $830.
Utility allowances vary by location but are designed to help cover the costs of utilities. In ZIP 71284, the utility allowance is not specified, so we'll use a hypothetical figure based on typical values. Let's say the utility allowance is around $150 per month. This amount is not included in the $830 SAFMR but is paid directly to the tenant by the voucher program.
Given these numbers, the actual reimbursement to a landlord from a Section 8 voucher would be $830 minus the tenant's contribution of $300, totaling $530. The utility allowance of $150 is separate and does not affect the landlord's reimbursement.
In ZIP 71284, the local market rent is currently not available. However, using the SAFMR as a reference point, landlords should expect a reimbursement gap if the market rent exceeds $830. Conversely, if the market rent is lower than $830, landlords might see a surplus in their monthly rental income.
To summarize, the typical reimbursement for a two-bedroom apartment under a Section 8 voucher in ZIP 71284 would be $530, with an additional $150 utility allowance paid directly to the tenant. Landlords need to compare this reimbursement against the current market rents to determine if there is a gap or surplus.
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.