FY2027 Small Area FMR · Grayson, LA
ZIP 71435 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71435 (Grayson, LA) is $940 a month, up 5.6% from FY2026. That is 5% above the Caldwell Parish, LA area-wide FMR of $892.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 71435 sits in the Caldwell Parish, LA area
Of the 5 ZIP codes HUD lists for the area, 71435 has the 1st highest two-bedroom Small Area FMR. Caldwell 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 $940 for this ZIP code instead.
ZIP code 71435 crosses more than one HUD area. HUD also lists it under Catahoula Parish, LA (same figures), Jackson Parish, LA (same figures) and La Salle Parish, LA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $680 | $612 – $748 | $644 | $640 |
| 1 bedroom | $720 | $648 – $792 | $682 | $740 |
| 2 bedrooms | $940 | $846 – $1,034 | $892 | $890 |
| 3 bedrooms | $1,270 | $1,143 – $1,397 | $1,202 | $1,140 |
| 4 bedrooms | $1,430 | $1,287 – $1,573 | $1,355 | $1,330 |
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 $77,300 and the 80% low-income limit for four people is $60,500. ZIP code 71435 lies mainly in Caldwell Parish, Catahoula Parish and La Salle Parish. See the Caldwell Parish, LA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 71435?
HUD's FY2027 Small Area Fair Market Rents for 71435 are $680 (studio), $720 (1 BR), $940 (2 BR), $1,270 (3 BR) and $1,430 (4 BR) a month.
What is the Section 8 payment standard in 71435?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71435 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 71435?
The FY2026 income limits of the Caldwell Parish, LA area apply: median family income $77,300, low-income (80%) limit $60,500 for a family of four.