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Jefferson Parish/Metairie/70001

70001

ZIPSAFMR
Jefferson Parish, LA
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$1,210$1,280
1 BR$1,360$1,410
2 BR$1,640$1,800
3 BR$2,110$2,210
4 BR$2,470$2,640
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$205,563

Cost breakdown

+Likely effective rent$1,800
HUD FMR$1,640
Market rent$1,930
Est. payment standard (110%)Used$1,800
-Principal and interest-$1,039
Loan amount$164,450
Down payment$41,113
Rate6.50%
Term30 years
-Operating costs-$561
Property taxes-$206
Insurance-$175
Utilities$0
HOA$0
Management-$180
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,898(70.3% ROI)
Projected value
$221,369
Return breakdown
Property appreciation+$15,806
Loan principal paid down+$5,892
Rental cash flow+$7,200
5-year hold
+$49,519(120.4% ROI)
Projected value
$232,575
Return breakdown
Property appreciation+$27,013
Loan principal paid down+$10,507
Rental cash flow+$12,000
10-year hold
+$106,611(259.3% ROI)
Projected value
$263,138
Return breakdown
Property appreciation+$57,575
Loan principal paid down+$25,036
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
0.95
2 BR
0.85
3 BR
0.93
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 70001 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70001 (Metairie, LA) is $1,640 a month. That is up 18.0% from $1,390 in FY 2026. Metairie 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. Among 34 ZIP codes in Jefferson Parish, 70001 is tied for the 3rd-highest two-bedroom rent (county range $1,270–$1,980). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70001 is 65% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70001
BedroomsFY 2027Change90–110% range
Studio$1,210+18.6%$1,089–$1,331
1BR$1,360+17.2%$1,224–$1,496
2BR$1,640+18.0%$1,476–$1,804
3BR$2,110+19.2%$1,899–$2,321
4BR$2,470+17.6%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70001
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,360$1,640$2,110$2,470
FY 2026$1,020$1,160$1,390$1,770$2,100
FY 2025$1,090$1,250$1,500$1,920$2,250
FY 2024$1,010$1,170$1,390$1,790$2,080
FY 2023$880$1,040$1,230$1,590$1,840

Two-bedroom rent in nearby Jefferson Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70001
70001Current$1,640—
70002$1,390−15.2%
70003$1,450−11.6%
70004$1,430−12.8%
70005$1,440−12.2%
70006$1,460−11.0%
70009$1,430−12.8%
70010$1,430−12.8%
70011$1,430−12.8%
70031$1,510−7.9%
70033$1,430−12.8%
70036$1,620−1.2%

Questions about ZIP 70001 rents

How much will Section 8 pay for a two-bedroom in ZIP 70001?

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 $1,640 it would be $1,476 to $1,804. 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 ZIP 70001 in?

ZIP 70001 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 ZIP 70001 for FY 2027?

The two-bedroom FMR rose 18.0%, from $1,390 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 33.3%.

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

County fair market rentMetairie, LA fair market rentLA statewide rentsWhat is SAFMR?Data sources