FY2027 Small Area FMR · Monroe, LA

ZIP 71202 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71202 (Monroe, LA) is $940 a month, up 1.1% from FY2026. That is 8% below the Monroe, LA area-wide FMR of $1,017.

2-bedroom SAFMR$940per month ▲ 1.1%

Area-wide 2 BR FMR$1,017Monroe, LA

Rank in the area18thof 28 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

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

Studio$720▲ 4.3%

1 BR$730▲ 1.4%

2 BR$940▲ 1.1%

3 BR$1,210▲ 0.8%

4 BR$1,240▲ 0.8%

FY2027 FY2026

Where 71202 sits in the Monroe, LA area

Of the 28 ZIP codes HUD lists for the area, 71202 has the 18th highest two-bedroom Small Area FMR. Monroe, 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 $1,017 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 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	$720	$648 – $792	$782	$690
1 bedroom	$730	$657 – $803	$794	$720
2 bedrooms	$940	$846 – $1,034	$1,017	$930
3 bedrooms	$1,210	$1,089 – $1,331	$1,314	$1,200
4 bedrooms	$1,240	$1,116 – $1,364	$1,337	$1,230

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $78,700 and the 80% low-income limit for four people is $62,800. ZIP code 71202 lies mainly in Ouachita Parish. See the Monroe, LA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
71212	Monroe	8.4 mi	$1,030
71209	Monroe	8.9 mi	$1,130
71292	West Monroe	9.2 mi	$930
71201	Monroe	9.6 mi	$1,030
71203	Monroe	12.8 mi	$1,130
71279	Start	13.1 mi	$920

Questions

What is the Fair Market Rent for ZIP code 71202?

HUD's FY2027 Small Area Fair Market Rents for 71202 are $720 (studio), $730 (1 BR), $940 (2 BR), $1,210 (3 BR) and $1,240 (4 BR) a month.

What is the Section 8 payment standard in 71202?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71202 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71202?

The FY2026 income limits of the Monroe, LA area apply: median family income $78,700, low-income (80%) limit $62,800 for a family of four.