FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR
0.98ratio
FMR$1,190
Market$1,210
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR
0.93ratio
FMR$1,430
Market$1,540
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR
0.94ratio
FMR$1,840
Market$1,950
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR
0.96ratio
FMR$2,160
Market$2,260
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.96
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 70078 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70078 (New Sarpy, LA) is $1,430 a month. That is up 6.7% from $1,340 in FY 2026. New Sarpy 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 11 ZIP codes in St. Charles Parish, 70078 has the 9th-highest two-bedroom rent (county range $1,210–$2,020). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70078 is 44% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70078
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,060
+9.3%
$954–$1,166
1BR
$1,120
$1,190
+6.3%
$1,071–$1,309
2BR
$1,340
$1,430
+6.7%
$1,287–$1,573
3BR
$1,710
$1,840
+7.6%
$1,656–$2,024
4BR
$2,000
$2,160
+8.0%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70078
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,190
$1,430
$1,840
$2,160
FY 2026
$970
$1,120
$1,340
$1,710
$2,000
FY 2025
$1,060
$1,220
$1,460
$1,870
$2,190
FY 2024
$980
$1,140
$1,350
$1,730
$2,020
FY 2023
$820
$970
$1,140
$1,470
$1,710
Two-bedroom rent in nearby St. Charles Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70078?
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 $1,430 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 70078 in?
ZIP 70078 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 70078 for FY 2027?
The two-bedroom FMR rose 6.7%, from $1,340 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 25.4%.
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