71209

ZIPSAFMR

Ouachita Parish, LA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$870	$780	3.3%
1 BR	$880	$870	3.7%
2 BR	$1,130	$1,040	2.8%
3 BR	$1,460	$1,400	3.9%
4 BR	$1,490	$1,640	2.3%
5 BR	$1,713	Not available	2.3%
6 BR	$1,971	Not available	2.4%
7 BR	$2,266	Not available	2.3%
8 BR	$2,606	Not available	2.3%

Purchase Price Calculator

Maximum purchase price

$92,627

Cost breakdown

+Likely effective rent$1,040

HUD FMR$1,130

Market rentUsed$1,040

Est. payment standard (95%)$1,070

-Principal and interest-$468

Loan amount$74,102

Down payment$18,525

Rate6.50%

Term30 years

-Operating costs-$372

Property taxes-$93

Insurance-$175

Utilities$0

HOA$0

Management-$104

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$16,977(91.6% ROI)

Projected value

$99,749

Return breakdown

Property appreciation+$7,122

Loan principal paid down+$2,655

Rental cash flow+$7,200

5-year hold

+$28,906(156.0% ROI)

Projected value

$104,799

Return breakdown

Property appreciation+$12,172

Loan principal paid down+$4,734

Rental cash flow+$12,000

10-year hold

+$61,225(330.5% ROI)

Projected value

$118,570

Return breakdown

Property appreciation+$25,943

Loan principal paid down+$11,281

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.12ratio

FMR$870

Market$780

vs market+$90

FMR is above market; underwrite to market rent.

1.12

1 BR

1.01ratio

FMR$880

Market$870

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

2 BR

1.09ratio

FMR$1,130

Market$1,040

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.09

3 BR

1.04ratio

FMR$1,460

Market$1,400

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.04

4 BR

0.77ratio

FMR$1,490

Market$1,930

vs market-$440

FMR is below market; voucher rent may lag private rents.

0.77

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 71209 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71209 (Monroe, LA) is $1,130 a month. That is up 3.7% from $1,090 in FY 2026. Monroe is in the Monroe, LA HUD Metro 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 metro-wide two-bedroom FMR of $1,017. Among 21 ZIP codes in Ouachita Parish, 71209 is tied for the 3rd-highest two-bedroom rent (county range $930–$1,310). The median county two-bedroom FMR in Louisiana is $995, so ZIP 71209 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 71209
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$810	$870	+7.4%	$783–$957
1BR	$840	$880	+4.8%	$792–$968
2BR	$1,090	$1,130	+3.7%	$1,017–$1,243
3BR	$1,400	$1,460	+4.3%	$1,314–$1,606
4BR	$1,440	$1,490	+3.5%	$1,341–$1,639

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 71209
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$870	$880	$1,130	$1,460	$1,490
FY 2026	$810	$840	$1,090	$1,400	$1,440
FY 2025	$810	$810	$1,050	$1,350	$1,390
FY 2024	$790	$790	$1,040	$1,300	$1,390
FY 2023	$670	$680	$890	$1,100	$1,200

Two-bedroom rent in nearby Ouachita Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 71209
71201	$1,030	−8.8%
71202	$940	−16.8%
71203	$1,130	0.0%
71207	$1,030	−8.8%
71209Current	$1,130	—
71210	$1,030	−8.8%
71211	$1,030	−8.8%
71212	$1,030	−8.8%
71213	$1,030	−8.8%
71225	$1,000	−11.5%
71227	$980	−13.3%
71229	$930	−17.7%

Questions about ZIP 71209 rents

How much will Section 8 pay for a two-bedroom in ZIP 71209?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,017, which applies unless the housing authority uses Small Area FMRs, that basic range is $915 to $1,119 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 71209 in?

ZIP 71209 is in the Monroe, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,017.

How much did fair market rent change in ZIP 71209 for FY 2027?

The two-bedroom FMR rose 3.7%, from $1,090 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 27.0%.

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

County fair market rent Monroe, LA fair market rent LA statewide rents What is SAFMR?Data sources