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Allen Parish/Oakdale/71463

71463

ZIPSAFMR
Allen Parish, LA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$660$660
1 BR$810$810
2 BR$900$900
3 BR$1,210$1,210
4 BR$1,380$1,380
5 BR$1,587Not available
6 BR$1,825Not available
7 BR$2,099Not available
8 BR$2,414Not available

Purchase Price Calculator

Maximum purchase price
$71,823

Cost breakdown

+Likely effective rent$900
HUD FMRUsed$900
Market rentN/A
Est. payment standardN/A
-Principal and interest-$363
Loan amount$57,459
Down payment$14,365
Rate6.50%
Term30 years
-Operating costs-$337
Property taxes-$72
Insurance-$175
Utilities$0
HOA$0
Management-$90
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,781(102.9% ROI)
Projected value
$77,346
Return breakdown
Property appreciation+$5,523
Loan principal paid down+$2,059
Rental cash flow+$7,200
5-year hold
+$25,109(174.8% ROI)
Projected value
$81,261
Return breakdown
Property appreciation+$9,438
Loan principal paid down+$3,671
Rental cash flow+$12,000
10-year hold
+$52,864(368.0% ROI)
Projected value
$91,940
Return breakdown
Property appreciation+$20,117
Loan principal paid down+$8,747
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

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 71463 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71463 (Oakdale, LA) is $900 a month. That is unchanged from FY 2026. Oakdale is in the Allen 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 $910. Among 15 ZIP codes in Allen Parish, 71463 is tied for the 11th-highest two-bedroom rent (county range $890–$1,100). The median county two-bedroom FMR in Louisiana is $995, so ZIP 71463 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 71463
BedroomsFY 2027Change90–110% range
Studio$660+3.1%$594–$726
1BR$810+9.5%$729–$891
2BR$9000.0%$810–$990
3BR$1,210−0.8%$1,089–$1,331
4BR$1,380+0.7%$1,242–$1,518

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 71463
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$660$810$900$1,210$1,380
FY 2026$640$740$900$1,220$1,370
FY 2025$660$770$900$1,210$1,350
FY 2024$560$630$820$1,110$1,230
FY 2023$490$580$740$1,000$1,080

Two-bedroom rent in nearby Allen Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 71463
70640$910+1.1%
70644$910+1.1%
70648$930+3.3%
70651$910+1.1%
70654$920+2.2%
70655$9000.0%
70656$1,060+17.8%
70657$1,100+22.2%
70658$890−1.1%
70662$1,020+13.3%
71433$9000.0%
71463Current$900—

Questions about ZIP 71463 rents

How much will Section 8 pay for a two-bedroom in ZIP 71463?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $910, which applies unless the housing authority uses Small Area FMRs, that basic range is $819 to $1,001 a month; under the ZIP-level Small Area FMR of $900 it would be $810 to $990. 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 71463 in?

ZIP 71463 is in the Allen Parish, LA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $910.

How much did fair market rent change in ZIP 71463 for FY 2027?

The two-bedroom FMR was unchanged at $900 in FY 2027. Since FY 2023 it has risen 21.6%.

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

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