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St. James Parish/Gramercy/70052

70052

ZIPSAFMR
St. James Parish, LA
Zillow

ZIP Investment Score

121Above average

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,070
1 BR$1,090$1,090
2 BR$1,430$1,430
3 BR$1,980$1,980
4 BR$2,150$2,150
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMRUsed$1,430
Market rentN/A
Est. payment standardN/A
-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

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 70052 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70052 (Gramercy, LA) is $1,430 a month. That is up 26.5% from $1,130 in FY 2026. Gramercy 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, 70052 has the 2nd-highest two-bedroom rent (county range $910–$1,530). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70052 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70052
BedroomsFY 2027Change90–110% range
Studio$1,070+24.4%$963–$1,177
1BR$1,090+26.7%$981–$1,199
2BR$1,430+26.5%$1,287–$1,573
3BR$1,980+26.1%$1,782–$2,178
4BR$2,150+33.5%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70052
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,090$1,430$1,980$2,150
FY 2026$860$860$1,130$1,570$1,610
FY 2025$850$890$1,170$1,640$1,760
FY 2024$830$870$1,140$1,610$1,710
FY 2023$750$790$1,040$1,480$1,560

Two-bedroom rent in nearby St. James Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70052
70049$1,310−8.4%
70052Current$1,430—
70071$1,530+7.0%
70086$910−36.4%
70090$1,210−15.4%
70346$1,090−23.8%
70723$1,170−18.2%
70743$1,170−18.2%
70763$1,220−14.7%
70792$1,170−18.2%

Questions about ZIP 70052 rents

How much will Section 8 pay for a two-bedroom in ZIP 70052?

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 $1,430 it would be $1,287 to $1,573. 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 70052 in?

ZIP 70052 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 70052 for FY 2027?

The two-bedroom FMR rose 26.5%, from $1,130 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 37.5%.

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