FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
1.07ratio
FMR$1,250
Market$1,170
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR
1.01ratio
FMR$1,510
Market$1,500
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.07ratio
FMR$1,940
Market$1,810
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR
1.11ratio
FMR$2,280
Market$2,060
vs market+$220
FMR is above market; underwrite to market rent.
1.11
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
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ZIP 70069 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70069 (La Place, LA) is $1,510 a month. That is up 12.7% from $1,340 in FY 2026. La Place 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 7 ZIP codes in St. John the Baptist Parish, 70069 has the 2nd-highest two-bedroom rent (county range $1,210–$1,550). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70069 is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70069
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,120
+15.5%
$1,008–$1,232
1BR
$1,120
$1,250
+11.6%
$1,125–$1,375
2BR
$1,340
$1,510
+12.7%
$1,359–$1,661
3BR
$1,710
$1,940
+13.5%
$1,746–$2,134
4BR
$2,000
$2,280
+14.0%
$2,052–$2,508
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70069
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,250
$1,510
$1,940
$2,280
FY 2026
$970
$1,120
$1,340
$1,710
$2,000
FY 2025
$1,010
$1,170
$1,400
$1,790
$2,100
FY 2024
$920
$1,070
$1,270
$1,630
$1,900
FY 2023
$800
$940
$1,110
$1,430
$1,660
Two-bedroom rent in nearby St. John the Baptist Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70069?
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 $1,510 it would be $1,359 to $1,661. 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 70069 in?
ZIP 70069 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 70069 for FY 2027?
The two-bedroom FMR rose 12.7%, from $1,340 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 36.0%.
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