FY2027 Small Area FMR · West Monroe, LA

ZIP 71292 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71292 (West Monroe, LA) is $930 a month, down 1.1% from FY2026. That is 9% below the Monroe, LA area-wide FMR of $1,017.

2-bedroom SAFMR$930per month ▼ 1.1%

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

Rank in the area19thof 28 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$837

2 BR Small Area FMR$930

110% of SAFMR$1,023

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

Studio$720▲ 2.9%

1 BR$730■ 0.0%

2 BR$930▼ 1.1%

3 BR$1,200▼ 0.8%

4 BR$1,230▼ 0.8%

FY2027 FY2026

Where 71292 sits in the Monroe, LA area

Of the 28 ZIP codes HUD lists for the area, 71292 has the 19th 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 $930 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	$700
1 bedroom	$730	$657 – $803	$794	$730
2 bedrooms	$930	$837 – $1,023	$1,017	$940
3 bedrooms	$1,200	$1,080 – $1,320	$1,314	$1,210
4 bedrooms	$1,230	$1,107 – $1,353	$1,337	$1,240

A household renting a two-bedroom home at the Small Area FMR of $930 needs about $37,200 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 71292 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
71202	Monroe	9.2 mi	$940
71212	Monroe	9.6 mi	$1,030
71238	Eros	9.6 mi	$960
71225	Calhoun	10.8 mi	$1,000
71201	Monroe	11.3 mi	$1,030
71291	West Monroe	11.9 mi	$1,120

Questions

What is the Fair Market Rent for ZIP code 71292?

HUD's FY2027 Small Area Fair Market Rents for 71292 are $720 (studio), $730 (1 BR), $930 (2 BR), $1,200 (3 BR) and $1,230 (4 BR) a month.

What is the Section 8 payment standard in 71292?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71292 that range is $837 to $1,023 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71292?

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.