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Fair Market Rent

The FY 2021 Webster Parish, LA HUD Metro FMR Area FMRs for All Bedroom Sizes

Final FY 2021 & Final FY 2020 FMRs By Unit Bedrooms

FY 2021 FMR 

  • Efficiency - $523
  • One-Bedroom - $584
  • Two-Bedroom - $725
  • Three-Bedroom - $1,038
  • Four-Bedroom - $1,067

FY 2020 FMR

  • Efficiency - $510
  • One-Bedroom - $597
  • Two-Bedroom - $710
  • Three-Bedroom - $1,024  
  • Four-Bedroom - $1,051

Webster Parish, LA is part of the Webster Parish, LA HUD Metro FMR Area, which consists of the following counties: Webster Parish, LA. All information here applies to the entirety of the Webster Parish, LA HUD Metro FMR Area.

Fair Market Rent Calculation Methodology

Fair Market Rents for metropolitan areas and non-metropolitan FMR areas are developed as follows:

  1. 2014-2018 5-year American Community Survey (ACS) estimates of 2-bedroom adjusted standard quality gross rents calculated for each FMR area are used as the new basis for FY2021 provided the estimate is statistically reliable. For FY2021, 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 2014-2018 5-year, HUD checks whether the area has had at least minimally reliable estimate in any of the past 3 years, or estimates that meet the 50% margin of error test described above. If so, the FY2021 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, the estimate State for the area's corresponding metropolitan area (if applicable) or State non-metropolitan area is used as the basis for FY2021.

  2. HUD calculates a recent mover adjustment factor by comparing a 2018 1-year 40th percentile recent mover 2-bedrooom rent to the 2014-2018 5-year 40th percentile adjusted standard quality gross rent. If either the recent mover and non-recent 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 non-metropolitan areas, the order of geographies examined is: FMR Area, State Non-Metropolitan Portion, Entire Stat e, and Entire US. The recent mover adjustment factor is floored at one.

  3. HUD calculates the appropriate recent mover adjustment factor between the 5-year data and the 1- year data and applies this to the 5-year base rent estimate.

The FY 2020 Webster Parish, LA HUD Metro FMR Area FMRs for All Bedroom Sizes

Final FY 2020 & Final FY 2019 FMRs By Unit Bedrooms
Year

FY 2020 FMR

  • Efficiency - $510
  • One-Bedroom - $597
  • Two-Bedroom - $710
  • Three-Bedroom - $1,024 
  • Four-Bedroom - $1,051

FY 2019 FMR

  • Efficiency - $455
  • One-Bedroom - $560
  • Two-Bedroom - $641
  • Three-Bedroom - $917
  • Four-Bedroom - $937

Webster Parish, LA is part of the Webster Parish, LA HUD Metro FMR Area, which consists of the following counties: Webster Parish, LA. All information here applies to the entirety of the Webster Parish, LA HUD Metro FMR Area.

Fair Market Rent Calculation Methodology

Fair Market Rents for metropolitan areas and non-metropolitan FMR areas are developed as follows:

  1. 2013-2017 5-year American Community Survey (ACS) estimates of 2-bedroom adjusted standard quality gross rents calculated for each FMR area are used as the new basis for FY2020 provided the estimate is statistically reliable. For FY2020, 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 2013-2017 5-year, HUD checks whether the area has had at least minimally reliable estimate in any of the past 3 years, or estimates that meet the 50% margin of error test described above. If so, the FY2020 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, the estimate State for the area's corresponding metropolitan area (if applicable) or State non-metropolitan area is used as the basis for FY2020.

  2. HUD calculates a recent mover adjustment factor by comparing a 2017 1-year 40th percentile recent mover 2-bedrooom rent to the 2013-2017 5-year 40th percentile adjusted standard quality gross rent. If either the recent mover and non-recent 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 non-metropolitan 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.

  3. HUD calculates the appropriate recent mover adjustment factor between the 5-year data and the 1-year data and applies this to the 5-year base rent estimate.