FY2027 Small Area FMR · Gilliam, LA

ZIP 71029 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71029 (Gilliam, LA) is $1,010 a month, down 1.9% from FY2026. That is 3% below the Shreveport-Bossier City, LA area-wide FMR of $1,045.

2-bedroom SAFMR$1,010per month ▼ 1.9%

Area-wide 2 BR FMR$1,045Shreveport-Bossier City, LA

Rank in the area24thof 64 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$800▼ 1.2%

1 BR$890▼ 2.2%

2 BR$1,010▼ 1.9%

3 BR$1,340▼ 0.7%

4 BR$1,400▼ 3.4%

FY2027 FY2026

Where 71029 sits in the Shreveport-Bossier City, LA area

Of the 64 ZIP codes HUD lists for the area, 71029 has the 24th highest two-bedroom Small Area FMR. Shreveport-Bossier City, LA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,045 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$800	$720 – $880	$832	$810
1 bedroom	$890	$801 – $979	$926	$910
2 bedrooms	$1,010	$909 – $1,111	$1,045	$1,030
3 bedrooms	$1,340	$1,206 – $1,474	$1,380	$1,350
4 bedrooms	$1,400	$1,260 – $1,540	$1,450	$1,450

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $79,200 and the 80% low-income limit for four people is $63,350. ZIP code 71029 lies mainly in Caddo Parish. See the Shreveport-Bossier City, LA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
71043	Hosston	4.3 mi	$1,000
71004	Belcher	6.2 mi	$1,110
71082	Vivian	7.2 mi	$1,000
71061	Oil City	7.7 mi	$1,000
71044	Ida	8.4 mi	$1,000
71064	Plain Dealing	10.7 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 71029?

HUD's FY2027 Small Area Fair Market Rents for 71029 are $800 (studio), $890 (1 BR), $1,010 (2 BR), $1,340 (3 BR) and $1,400 (4 BR) a month.

What is the Section 8 payment standard in 71029?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71029 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71029?

The FY2026 income limits of the Shreveport-Bossier City, LA area apply: median family income $79,200, low-income (80%) limit $63,350 for a family of four.