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LA/Iberia Parish/Broussard

Broussard, LA

CitySAFMR
Iberia Parish
Found 1 ZIP

City Median Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$960$1,040
2 BR$1,080$1,180
3 BR$1,360$1,500
4 BR$1,600$1,760
5 BR$1,840Not available
6 BR$2,116Not available
7 BR$2,433Not available
8 BR$2,798Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMR$1,080
Market rent$1,240
Est. payment standard (110%)Used$1,180
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.89
2 BR
0.87
3 BR
0.79
4 BR
0.70
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Broussard, LA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Broussard, LA is $1,080 a month. That is up 5.9% from $1,020 in FY 2026. Broussard is in the Iberia Parish, LA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $981. The median county two-bedroom FMR in Louisiana is $995, so Broussard is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Broussard, LA
BedroomsFY 2027Change90–110% range
Studio$830+6.4%$747–$913
1BR$960+6.7%$864–$1,056
2BR$1,080+5.9%$972–$1,188
3BR$1,360+4.6%$1,224–$1,496
4BR$1,600+1.3%$1,440–$1,760

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Broussard, LA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$960$1,080$1,360$1,600
FY 2026$780$900$1,020$1,300$1,580
FY 2025$750$930$1,060$1,350$1,750
FY 2024$780$1,010$1,150$1,490$1,940
FY 2023$760$980$1,120$1,470$1,890

Questions about Broussard, LA rents

How much will Section 8 pay for a two-bedroom in Broussard, LA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $981, which applies unless the housing authority uses Small Area FMRs, that basic range is $883 to $1,079 a month; under the ZIP-level Small Area FMR of $1,080 it would be $972 to $1,188. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Broussard, LA in?

Broussard, LA is in the Iberia Parish, LA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $981.

How much did fair market rent change in Broussard, LA for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,020 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has fallen 3.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set