FY2027 Small Area FMR · Homer, LA

ZIP 71040 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71040 (Homer, LA) is $900 a month, up 5.9% from FY2026. That is 1% above the Claiborne Parish, LA area-wide FMR of $892.

2-bedroom SAFMR$900per month ▲ 5.9%

Area-wide 2 BR FMR$892Claiborne Parish, LA

Rank in the area8thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$810

2 BR Small Area FMR$900

110% of SAFMR$990

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

Studio$650▲ 6.6%

1 BR$800▲ 11.1%

2 BR$900▲ 5.9%

3 BR$1,100▲ 7.8%

4 BR$1,370▲ 7.9%

FY2027 FY2026

Where 71040 sits in the Claiborne Parish, LA area

Of the 12 ZIP codes HUD lists for the area, 71040 has the 8th highest two-bedroom Small Area FMR. Claiborne Parish, 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 $892 for two bedrooms; an agency that opts in to Small Area FMRs would use $900 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	$650	$585 – $715	$644	$610
1 bedroom	$800	$720 – $880	$791	$720
2 bedrooms	$900	$810 – $990	$892	$850
3 bedrooms	$1,100	$990 – $1,210	$1,091	$1,020
4 bedrooms	$1,370	$1,233 – $1,507	$1,355	$1,270

A household renting a two-bedroom home at the Small Area FMR of $900 needs about $36,000 a year to keep housing costs at 30% of income. The area median family income is $46,500 and the 80% low-income limit for four people is $54,150. ZIP code 71040 lies mainly in Claiborne Parish. See the Claiborne Parish, LA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
71003	Athens	9.6 mi	$990
71048	Lisbon	11.0 mi	$900
71038	Haynesville	13.0 mi	$890
71001	Arcadia	14.1 mi	$940
71055	Minden	17.4 mi	$990
71079	Summerfield	17.7 mi	$890

Questions

What is the Fair Market Rent for ZIP code 71040?

HUD's FY2027 Small Area Fair Market Rents for 71040 are $650 (studio), $800 (1 BR), $900 (2 BR), $1,100 (3 BR) and $1,370 (4 BR) a month.

What is the Section 8 payment standard in 71040?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71040 that range is $810 to $990 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71040?

The FY2026 income limits of the Claiborne Parish, LA area apply: median family income $46,500, low-income (80%) limit $54,150 for a family of four.