Fair Market Rent
The FY 2021 Webster Parish, LA HUD Metro FMR Area FMRs for All Bedroom Sizes
Final FY 2024 & Final FY 2023 FMRs By Unit Bedrooms
FY 2024 FMR
- Efficiency - $615
- One-Bedroom - $626
- Two-Bedroom - $822
- Three-Bedroom - $1,091
- Four-Bedroom - $1,095
FY 2024 FMR (80% of FMR)
- Efficiency - $492
- One-Bedroom - $501
- Two-Bedroom - $658
- Three-Bedroom - $873
- Four-Bedroom - $876
FY 2023 FMR
- Efficiency - $558
- One-Bedroom - $562
- Two-Bedroom - $740
- Three-Bedroom - $999
- Four-Bedroom - $1,002
Webster Parish, LA is a non-metropolitan county.
Fair Market Rent Calculation Methodology
FY2024 Income Limit Area - Webster Parish, LA
Median Family Income - $48,100
FY Income Limit Category
Very Low (50%) Income Limits ($)
- 1 Person - $20,800
- 2 People - $23,800
- 3 People - $26,750
- 4 People - $29,700
- 5 People - $32,100
- 6 People - $34,500
- 7 People - $36,850
- 8 People - $39,250
Extremely Low Income Limits ($)*
- 1 Person - $15,060
- 2 People - $20,440
- 3 People - $25,820
- 4 People - $29,700*
- 5 People - $32,100*
- 6 People - $34,500*
- 7 People - $36,850*
- 8 People - $39,250*
Low (80%) Income Limits ($)
- 1 Person - $33,250
- 2 People - $38,000
- 3 People - $42,750
- 4 People - $47,500
- 5 People - $51,300
- 6 People - $55,100
- 7 People - $58,900
- 8 People - $62,700
* The FY 2014 Consolidated Appropriations Act changed the definition of extremely low-income to be the greater of 30/50ths (60 percent) of the Section 8 very low-income limit or the poverty guideline as established by the Department of Health and Human Services, provided that this amount is not greater than the Section 8 50% very low-income limit. Consequently, the extremely low income limits may equal the very low (50%) income limits.
Income Limit areas are based on FY 2024 Fair Market Rent (FMR) areas. For information on FMRs, please see our associated FY 2024 Fair Market Rent documentation system.
FY 2024 Fair Market Rent Documentation System
The FY 2024 Webster Parish, LA FMRs for All Bedroom Sizes
Fair Market Rent Calculation Methodology
Fair Market Rents for metropolitan areas and non-metropolitan FMR areas are developed as follows:
- Calculate the Base Rent: HUD uses 2017-2021 5-year American Community Survey (ACS) estimates of 2-bedroom adjusted standard quality gross rents calculated for each FMR area as the new basis for FY2024, provided the estimate is statistically reliable. For FY2024, the test for reliability is whether the margin of error for the estimate is less than 50% of the estimate itself and whether the ACS estimate is based on at least 100 survey cases. HUD does not receive the exact number of survey cases, but rather a categorical variable known as the count indicator indicating a range of cases. An estimate based on at least 100 cases corresponds to a count indicator of 4 or higher.
If an area does not have a reliable 2017-2021 5-year estimate, HUD checks whether the area has had at least 2 minimally reliable estimates in the past 3 years, or estimates that meet the 50% margin of error text described above. If so, the FY2024 base rent is the average of the inflated ACS estimates.
If an area has not had a minimally reliable estimate in the past 3 years, HUD uses the estimate for the area's corresponding metropolitan area (if applicable) or State non-metropolitan area as the basis for FY2024. - Calculate the Basis for Recent Moyer Adjustment Factor: HUD calculates a recent mover adjustment factor by comparing an ACS 2021 1-year 40th percentile recent mover 2-bedroom rent to the ACS 2017 - 2021 5-year 40th percentile adjusted standard quality gross rent. If either the recent mover and nonrecent mover rent estimates are not reliable, HUD uses the recent mover adjustment for a larger geography. For metropolitan areas, the order of geographies examined is: FMR Area, Entire Metropolitan Area (for Metropolitan Sub-Areas), State Metropolitan Portion, Entire state, and Entire US; for nonmetropolitan areas, the order of geographies examined is: FMR Area, State Non-Metropolitan Portion, Entire State, and Entire US. The recent mover adjustment factor is floored at one.
HUD has traditionally defined recent movers as those who have moved into their residence within the current year or preceding year of the ACS survey. Newly for FY2024, HUD is electing to first examine recent movers who have moved within the current year of the ACS. Upon determining a reliable recent mover estimate, HUD calculates the appropriate recent mover adjustment factor between the 5-year data and the 1-year data. - Adjust for Inflation: In order to calculate rents that are "as of" 2022, HUD applies a gross rent inflation adjustment factor using data from commercial rent data sources and the Consumer Price Index. HUD uses a local measure of private rent inflation for markets that are covered by at least three of the six available.
Minden Housing Authority
1209 East Street
Minden, LA 71055
318.377.1077
September 26, 2023
Attention Resident:
This is to notify you of the upcoming changes to the 2024 flat rent which reflect 80% of the Fair Market Rent for this area effective January 1, 2024. This is updated annually and is mandatory by HUD. We will be accepting public comments on the new flat rent schedule until November 14, 2023. The Public Meeting will be held November 16, 2023, at 10:00 a.m. This notice is for informational purposes only. Please see the new flat rent amounts listed below. All residents will receive this letter. This is not a rent increase letter. I must send out this letter every year to all tenants letting you know the changes to the Fair Market Rents in this area and how it will affect the Flat Rents at this agency. This only applies to the residents that have chosen the flat rent option during their move-in or annual recertification. This is mandatory by HUD!
New Flat Rent Amounts
- Efficiency - $492.00 minus UA
- 1-Bedroom - $501.00 minus UA
- 2-Bedroom - $658.00 minus UA
- 3-Bedroom - $873.00 minus UA
- 4-Bedroom - $876.00 minus UA
*UA=Utility Allowance
Thank you,
Tosha Moore
Assistant Executive Director