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Fair Market Rents & Payment Standards

Fair Market Rent Standards:

FMRs are gross rent estimates. They include the shelter rent plus the cost of all tenant-paid utilities, except telephones, cable or satellite television service, and internet service. HUD sets FMRs to assure that a sufficient supply of rental housing is available to program participants. To accomplish this objective, FMRs must be both high enough to permit a selection of units and neighborhoods and low enough to serve as many low-income families as possible. (https://www.huduser.gov/portal/datasets/fmr.html)


Lafayette Parish Payment Standards:

Payment Standard Amounts are based on the FMRs for the Lafayette regions, as determined by the U.S. Department of Housing and Urban Development (HUD). HUD updates FMRs annually.

Lafayette Parish FY 2018 Fair Market Rents Summary:

  • Efficiency: Fair Market Rent $618 - Payment Standards $556
  • 1 Bedroom: Fair Market Rent $751 - Payment Standards $676
  • 2 Bedroom: Fair Market Rent $865 - Payment Standards $822
  • 3 Bedroom: Fair Market Rent $1,127 - Payment Standards $1,014
  • 4 Bedroom: Fair Market Rent $1,259 - Payment Standards $1,259

The FMRs for unit sizes larger than four bedrooms are calculated by adding 15 percent to the four-bedroom FMR, for each extra bedroom. For example, the FMR for a five-bedroom unit is 1.15 times the four-bedroom FMR, and the FMR for a six-bedroom unit is 1.30 times the four-bedroom FMR. FMRs for single-room occupancy units are 0.75 times the zero-bedroom (efficiency) FMR.


Vermilion Parish Payment Standards:

Payment Standard Amounts are based on the FMRs for the Vermilion regions, as determined by the U.S. Department of Housing and Urban Development (HUD). HUD updates FMRs annually.

Vermilion Parish FY 2018 Fair market Rents Summary:

  • Efficiency: Fair Market Rent $484 - Payment Standards $484
  • 1 Bedroom: Fair Market Rent $592 - Payment Standards $592
  • 2 Bedroom: Fair Market Rent $680 - Payment Standards $680
  • 3 Bedroom: Fair Market Rent $984 - Payment Standards $935
  • 4 Bedroom: Fair Market Rent $987 - Payment Standards $938

The FMRs for unit sizes larger than four bedrooms are calculated by adding 15 percent to the four-bedroom FMR, for each extra bedroom. For example, the FMR for a five-bedroom unit is 1.15 times the four-bedroom FMR, and the FMR for a six-bedroom unit is 1.30 times the four-bedroom FMR. FMRs for single-room occupancy units are 0.75 times the zero-bedroom (efficiency) FMR.