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 71348 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71348 (Libuse, LA) is $1,000 a month. That is unchanged from FY 2026. Libuse is in the Alexandria, 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 $995. Among 36 ZIP codes in Rapides Parish, 71348 is tied for the 8th-highest two-bedroom rent (county range $900–$1,170).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 71348
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$730
$760
+4.1%
$684–$836
1BR
$780
$800
+2.6%
$720–$880
2BR
$1,000
$1,000
0.0%
$900–$1,100
3BR
$1,350
$1,350
0.0%
$1,215–$1,485
4BR
$1,530
$1,480
−3.3%
$1,332–$1,628
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 71348
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$800
$1,000
$1,350
$1,480
FY 2026
$730
$780
$1,000
$1,350
$1,530
FY 2025
$720
$770
$1,010
$1,370
$1,530
FY 2024
$680
$760
$1,000
$1,350
$1,500
FY 2023
$610
$690
$910
$1,230
$1,320
Two-bedroom rent in nearby Rapides Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 71348?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $995, which applies unless the housing authority uses Small Area FMRs, that basic range is $896 to $1,095 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 71348 in?
ZIP 71348 is in the Alexandria, LA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $995.
How much did fair market rent change in ZIP 71348 for FY 2027?
The two-bedroom FMR was unchanged at $1,000 in FY 2027. Since FY 2023 it has risen 9.9%.
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