FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
1.09ratio
FMR$840
Market$770
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
1.13ratio
FMR$1,100
Market$970
vs market+$130
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR
1.01ratio
FMR$1,560
Market$1,540
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
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
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ZIP 71475 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71475 (Slagle, LA) is $1,100 a month. That is up 4.8% from $1,050 in FY 2026. Slagle is in the Vernon 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 $1,102. Among 16 ZIP codes in Vernon Parish, 71475 is tied for the 4th-highest two-bedroom rent (county range $950–$1,510). The median county two-bedroom FMR in Louisiana is $995, so ZIP 71475 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 71475
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$770
−2.5%
$693–$847
1BR
$800
$840
+5.0%
$756–$924
2BR
$1,050
$1,100
+4.8%
$990–$1,210
3BR
$1,340
$1,390
+3.7%
$1,251–$1,529
4BR
$1,460
$1,560
+6.8%
$1,404–$1,716
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 71475
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$840
$1,100
$1,390
$1,560
FY 2026
$790
$800
$1,050
$1,340
$1,460
FY 2025
$740
$750
$980
$1,260
$1,350
FY 2024area FMR
$789
$794
$1,043
$1,342
$1,465
FY 2023area FMR
$725
$730
$961
$1,209
$1,369
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Vernon Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 71475?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,102, which applies unless the housing authority uses Small Area FMRs, that basic range is $992 to $1,212 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 71475 in?
ZIP 71475 is in the Vernon Parish, LA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,102.
How much did fair market rent change in ZIP 71475 for FY 2027?
The two-bedroom FMR rose 4.8%, from $1,050 in FY 2026 to $1,100 in FY 2027. Since FY 2025 it has risen 12.2%.
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