Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 71027 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71027 (Frierson, LA) is $1,090 a month. That is down 9.9% from $1,210 in FY 2026. Frierson is in the Shreveport-Bossier City, LA MSA. 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 metro-wide two-bedroom FMR of $1,045. Among 9 ZIP codes in De Soto Parish, 71027 has the highest two-bedroom rent (county range $1,000–$1,090). The median county two-bedroom FMR in Louisiana is $995, so ZIP 71027 is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 71027
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$950
$870
−8.4%
$783–$957
1BR
$1,070
$970
−9.3%
$873–$1,067
2BR
$1,210
$1,090
−9.9%
$981–$1,199
3BR
$1,590
$1,440
−9.4%
$1,296–$1,584
4BR
$1,690
$1,530
−9.5%
$1,377–$1,683
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 71027
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$970
$1,090
$1,440
$1,530
FY 2026
$950
$1,070
$1,210
$1,590
$1,690
FY 2025
$840
$970
$1,110
$1,440
$1,520
FY 2024
$840
$1,000
$1,160
$1,470
$1,610
FY 2023
$720
$870
$1,020
$1,270
$1,400
Two-bedroom rent in nearby De Soto Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 71027?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,045, which applies unless the housing authority uses Small Area FMRs, that basic range is $941 to $1,150 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. 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 ZIP 71027 in?
ZIP 71027 is in the Shreveport-Bossier City, LA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,045.
How much did fair market rent change in ZIP 71027 for FY 2027?
The two-bedroom FMR fell 9.9%, from $1,210 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 6.9%.
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