Iberville Parish, LA: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$8922-bedroom FMR, FY2027

$8191-bedroom FMR, FY2027

$60,40080% income limit, family of 4 (FY2026)

$75,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Iberville Parish is $892 a month, up 3.0% from $866 in FY2026. Iberville Parish belongs to the Iberville Parish, LA HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Iberville Parish by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$775	$747	+3.7%	$698 – $852
1 bedroom	$819	$790	+3.7%	$738 – $900
2 bedrooms	$892	$866	+3.0%	$803 – $981
3 bedrooms	$1,235	$1,204	+2.6%	$1,112 – $1,358
4 bedrooms	$1,431	$1,453	−1.5%	$1,288 – $1,574

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Iberville Parish that is typically $803 to $981 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$32,568median income of renter households

$827Median gross rent, all units

30%Rent-to-income ratio (median rent ÷ median renter income)

46%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $32,568 can afford about $814 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $892 is $78 (9.6%) more than that. To rent a two-bedroom at the FMR, a household needs $35,680 a year under the 30% rule, or $32,112 under the common landlord rule that income must be three times the rent.

Iberville Parish, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$827 ±$69
Median income of renter households	$32,568 ±$8,863
Renters paying 30% or more of income (cost-burdened)	46.0% ±17.2
Renters paying 50% or more (severely cost-burdened)	22.6% ±6.1
Renter households (where the share can be computed)	1,904

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$755	$827	+9.5%
Median renter household income	$31,092	$32,568	+4.7%
Renters paying 30%+ of income	50.7%	46.0%	−4.7 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $890 to $1,090 depending on the ZIP code.

All 8 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
70721	$830	$880	$960	$1,330	$1,540
70740	$780	$820	$900	$1,220	$1,440
70757	$930	$960	$1,090	$1,360	$1,750
70764	$930	$960	$1,090	$1,360	$1,750
70772	$790	$810	$910	$1,200	$1,460
70776	$830	$880	$960	$1,330	$1,540
70780	$800	$840	$920	$1,270	$1,480
70788	$770	$820	$890	$1,240	$1,430

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Iberville Parish (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $75,500 (FY2025: $79,000, −4.4%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$15,960 −3.9%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$43,800 +1.5%	$46,850 −3.7%	$49,850 −4.4%
Very low income (50%)	$26,450 −4.3%	$30,200 −4.4%	$34,000 −4.4%	$37,750 −4.4%	$40,800 −4.4%	$43,800 −4.5%	$46,850 −4.4%	$49,850 −4.4%
Low income (80%)	$42,300 −4.4%	$48,350 −4.4%	$54,400 −4.4%	$60,400 −4.4%	$65,250 −4.5%	$70,100 −4.4%	$74,900 −4.5%	$79,750 −4.4%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.