FY2027 Small Area FMR · Greenwood, LA

ZIP 71033 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71033 (Greenwood, LA) is $1,000 a month, down 3.8% from FY2026. That is 4% below the Shreveport-Bossier City, LA area-wide FMR of $1,045.

2-bedroom SAFMR$1,000per month ▼ 3.8%

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

Rank in the area25thof 64 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$900

2 BR Small Area FMR$1,000

110% of SAFMR$1,100

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

Studio$790▲ 3.9%

1 BR$890▲ 2.3%

2 BR$1,000▼ 3.8%

3 BR$1,320▲ 0.8%

4 BR$1,400▼ 0.7%

FY2027 FY2026

Where 71033 sits in the Shreveport-Bossier City, LA area

Of the 64 ZIP codes HUD lists for the area, 71033 has the 25th 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 $1,000 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	$790	$711 – $869	$832	$760
1 bedroom	$890	$801 – $979	$926	$870
2 bedrooms	$1,000	$900 – $1,100	$1,045	$1,040
3 bedrooms	$1,320	$1,188 – $1,452	$1,380	$1,310
4 bedrooms	$1,400	$1,260 – $1,540	$1,450	$1,410

A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 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 71033 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
71007	Bethany	3.4 mi	$1,000
71129	Shreveport	6.0 mi	$1,000
71119	Shreveport	7.4 mi	$1,100
75692	Waskom	7.4 mi	$1,380
75659	Jonesville	8.8 mi	$1,380
75642	Elysian Fields	10.0 mi	$1,270

Questions

What is the Fair Market Rent for ZIP code 71033?

HUD's FY2027 Small Area Fair Market Rents for 71033 are $790 (studio), $890 (1 BR), $1,000 (2 BR), $1,320 (3 BR) and $1,400 (4 BR) a month.

What is the Section 8 payment standard in 71033?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71033 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71033?

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.