FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR
0.86ratio
FMR$1,070
Market$1,250
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.89ratio
FMR$1,310
Market$1,470
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
1.05ratio
FMR$1,700
Market$1,620
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.15ratio
FMR$1,970
Market$1,720
vs market+$250
FMR is above market; underwrite to market rent.
1.15
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 70049 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70049 (Edgard, LA) is $1,310 a month. That is down 2.2% from $1,340 in FY 2026. Edgard is in the St. James Parish, 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 $1,165. Among 10 ZIP codes in St. James Parish, 70049 has the 3rd-highest two-bedroom rent (county range $910–$1,530). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70049 is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70049
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$970
0.0%
$873–$1,067
1BR
$1,120
$1,070
−4.5%
$963–$1,177
2BR
$1,340
$1,310
−2.2%
$1,179–$1,441
3BR
$1,710
$1,700
−0.6%
$1,530–$1,870
4BR
$2,000
$1,970
−1.5%
$1,773–$2,167
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70049
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$970
$1,070
$1,310
$1,700
$1,970
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
Two-bedroom rent in nearby St. James Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70049?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,165, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,049 to $1,282 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 70049 in?
ZIP 70049 is in the St. James Parish, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,165.
How much did fair market rent change in ZIP 70049 for FY 2027?
The two-bedroom FMR fell 2.2%, from $1,340 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 32.3%.
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