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Meraux, LA

CitySAFMR
St. Bernard Parish
Found 1 ZIP

City Median Investment Score

125Above average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,130$1,210
2 BR$1,360$1,430
3 BR$1,750$1,870
4 BR$2,050$2,260
5 BR$2,358Not available
6 BR$2,711Not available
7 BR$3,118Not available
8 BR$3,585Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,360
Market rent$1,460
Est. payment standard (105%)Used$1,430
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.90
2 BR
0.93
3 BR
0.91
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Meraux, LA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Meraux, LA is $1,360 a month. That is up 1.5% from $1,340 in FY 2026. Meraux is in the New Orleans-Metairie, LA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,480. The median county two-bedroom FMR in Louisiana is $995, so Meraux is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Meraux, LA
BedroomsFY 2027Change90–110% range
Studio$1,010+4.1%$909–$1,111
1BR$1,130+0.9%$1,017–$1,243
2BR$1,360+1.5%$1,224–$1,496
3BR$1,750+2.3%$1,575–$1,925
4BR$2,050+2.5%$1,845–$2,255

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Meraux, LA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,130$1,360$1,750$2,050
FY 2026$970$1,120$1,340$1,710$2,000
FY 2025$890$1,040$1,230$1,580$1,840
FY 2024$770$910$1,070$1,380$1,600
FY 2023$710$840$990$1,270$1,470

Questions about Meraux, LA rents

How much will Section 8 pay for a two-bedroom in Meraux, LA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,480, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,332 to $1,628 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Meraux, LA in?

Meraux, LA is in the New Orleans-Metairie, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,480.

How much did fair market rent change in Meraux, LA for FY 2027?

The two-bedroom FMR rose 1.5%, from $1,340 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 37.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set