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St. Charles Parish/Saint Rose/70087

70087

ZIPSAFMR
St. Charles Parish, LA
Zillow

ZIP Investment Score

110Above average

095130300
BRFMR
Eff. Rent
0 BR$880$970
1 BR$1,010$1,110
2 BR$1,210$1,330
3 BR$1,540$1,690
4 BR$1,800$1,980
5 BR$2,070Not available
6 BR$2,380Not available
7 BR$2,738Not available
8 BR$3,148Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMR$1,210
Market rent$1,600
Est. payment standard (110%)Used$1,330
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.86
2 BR
0.76
3 BR
0.81
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 70087 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70087 (Saint Rose, LA) is $1,210 a month. That is down 9.7% from $1,340 in FY 2026. Saint Rose 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, 70087 has the 11th-highest two-bedroom rent (county range $1,210–$2,020). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70087 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70087
BedroomsFY 2027Change90–110% range
Studio$880−9.3%$792–$968
1BR$1,010−9.8%$909–$1,111
2BR$1,210−9.7%$1,089–$1,331
3BR$1,540−9.9%$1,386–$1,694
4BR$1,800−10.0%$1,620–$1,980

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70087
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$1,010$1,210$1,540$1,800
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. Charles Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 70087
70030$2,020+66.9%
70031$1,510+24.8%
70039$1,470+21.5%
70047$1,440+19.0%
70057$1,600+32.2%
70068$1,550+28.1%
70070$1,890+56.2%
70078$1,430+18.2%
70079$1,340+10.7%
70080$1,780+47.1%
70087Current$1,210—

Questions about ZIP 70087 rents

How much will Section 8 pay for a two-bedroom in ZIP 70087?

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 $1,210 it would be $1,089 to $1,331. 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 70087 in?

ZIP 70087 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 70087 for FY 2027?

The two-bedroom FMR fell 9.7%, from $1,340 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 22.2%.

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