FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR
0.72ratio
FMR$760
Market$1,050
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR
0.83ratio
FMR$950
Market$1,150
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR
1.11ratio
FMR$1,320
Market$1,190
vs market+$130
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR
1.31ratio
FMR$1,590
Market$1,210
vs market+$380
FMR is above market; underwrite to market rent.
1.31
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 71233 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71233 (Delta, LA) is $950 a month. That is up 14.5% from $830 in FY 2026. Delta is in the Madison 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 $892. Among 6 ZIP codes in Madison Parish, 71233 has the 3rd-highest two-bedroom rent (county range $890–$1,110). The median county two-bedroom FMR in Louisiana is $995, so ZIP 71233 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 71233
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$620
$690
+11.3%
$621–$759
1BR
$640
$760
+18.8%
$684–$836
2BR
$830
$950
+14.5%
$855–$1,045
3BR
$1,110
$1,320
+18.9%
$1,188–$1,452
4BR
$1,410
$1,590
+12.8%
$1,431–$1,749
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 71233
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$690
$760
$950
$1,320
$1,590
FY 2026
$620
$640
$830
$1,110
$1,410
FY 2025
$680
$690
$900
$1,120
$1,530
FY 2024area FMR
$621
$626
$822
$1,068
$1,395
FY 2023area FMR
$563
$566
$740
$1,026
$1,247
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Madison Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 71233?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $892, which applies unless the housing authority uses Small Area FMRs, that basic range is $803 to $981 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 71233 in?
ZIP 71233 is in the Madison Parish, LA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $892.
How much did fair market rent change in ZIP 71233 for FY 2027?
The two-bedroom FMR rose 14.5%, from $830 in FY 2026 to $950 in FY 2027. Since FY 2025 it has risen 5.6%.
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