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Ouachita Parish/Sterlington/71280

71280

ZIPSAFMR
Ouachita Parish, LA
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,030$1,130
2 BR$1,310$1,430
3 BR$1,700$1,570
4 BR$1,720$1,730
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,310
Market rent$1,490
Est. payment standard (109%)Used$1,430
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.66
1 BR
0.66
2 BR
0.88
3 BR
1.08
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 71280 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71280 (Sterlington, LA) is $1,310 a month. That is down 1.5% from $1,330 in FY 2026. Sterlington 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, 71280 has the highest two-bedroom rent (county range $930–$1,310). The median county two-bedroom FMR in Louisiana is $995, so ZIP 71280 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 71280
BedroomsFY 2027Change90–110% range
Studio$1,010+2.0%$909–$1,111
1BR$1,030+1.0%$927–$1,133
2BR$1,310−1.5%$1,179–$1,441
3BR$1,700−1.2%$1,530–$1,870
4BR$1,720−2.8%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 71280
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,030$1,310$1,700$1,720
FY 2026$990$1,020$1,330$1,720$1,770
FY 2025$990$990$1,280$1,660$1,730
FY 2024$940$950$1,240$1,550$1,690
FY 2023$830$830$1,080$1,350$1,510

Two-bedroom rent in nearby Ouachita Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 71280
71213$1,030−21.4%
71225$1,000−23.7%
71227$980−25.2%
71229$930−29.0%
71234$1,160−11.5%
71238$960−26.7%
71240$1,030−21.4%
71280Current$1,310—
71281$1,030−21.4%
71291$1,120−14.5%
71292$930−29.0%
71294$1,030−21.4%

Questions about ZIP 71280 rents

How much will Section 8 pay for a two-bedroom in ZIP 71280?

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 $1,310 it would be $1,179 to $1,441. 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 71280 in?

ZIP 71280 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 71280 for FY 2027?

The two-bedroom FMR fell 1.5%, from $1,330 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 21.3%.

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 rentSterlington, LA fair market rentLA statewide rentsWhat is SAFMR?Data sources