Orleans Parish/New Orleans/70130

70130

ZIPSAFMR

Orleans Parish, LA

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ZIP Investment Score

64Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,640	$1,490	4.2%
1 BR	$1,840	$1,890	2.7%
2 BR	$2,220	$2,440	3.4%
3 BR	$2,850	$2,990	3.4%
4 BR	$3,350	$3,690	3.6%
5 BR	$3,852	Not available	3.6%
6 BR	$4,430	Not available	3.6%
7 BR	$5,095	Not available	3.6%
8 BR	$5,859	Not available	3.6%

Purchase Price Calculator

Maximum purchase price

$300,667

Cost breakdown

+Likely effective rent$2,440

HUD FMR$2,220

Market rent$2,640

Est. payment standard (110%)Used$2,440

-Principal and interest-$1,520

Loan amount$240,533

Down payment$60,133

Rate6.50%

Term30 years

-Operating costs-$720

Property taxes-$301

Insurance-$175

Utilities$0

HOA$0

Management-$244

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$38,936(64.7% ROI)

Projected value

$323,785

Return breakdown

Property appreciation+$23,118

Loan principal paid down+$8,618

Rental cash flow+$7,200

5-year hold

+$66,878(111.2% ROI)

Projected value

$340,177

Return breakdown

Property appreciation+$39,510

Loan principal paid down+$15,368

Rental cash flow+$12,000

10-year hold

+$144,831(240.8% ROI)

Projected value

$384,879

Return breakdown

Property appreciation+$84,212

Loan principal paid down+$36,618

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.10ratio

FMR$1,640

Market$1,490

vs market+$150

FMR is above market; underwrite to market rent.

1.10

1 BR

0.96ratio

FMR$1,840

Market$1,920

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.96

2 BR

0.84ratio

FMR$2,220

Market$2,640

vs market-$420

FMR is below market; voucher rent may lag private rents.

0.84

3 BR

0.93ratio

FMR$2,850

Market$3,060

vs market-$210

FMR is near market; voucher and private rents are aligned.

0.93

4 BR

0.41ratio

FMR$3,350

Market$8,160

vs market-$4,810

FMR is below market; voucher rent may lag private rents.

0.41

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 70130 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70130 (New Orleans, LA) is $2,220 a month. That is up 11.0% from $2,000 in FY 2026. New Orleans 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 45 ZIP codes in Orleans Parish, 70130 has the highest two-bedroom rent (county range $1,210–$2,220). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70130 is 123% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 70130
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,470	$1,640	+11.6%	$1,476–$1,804
1BR	$1,680	$1,840	+9.5%	$1,656–$2,024
2BR	$2,000	$2,220	+11.0%	$1,998–$2,442
3BR	$2,560	$2,850	+11.3%	$2,565–$3,135
4BR	$3,020	$3,350	+10.9%	$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 70130
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,640	$1,840	$2,220	$2,850	$3,350
FY 2026	$1,470	$1,680	$2,000	$2,560	$3,020
FY 2025	$1,610	$1,860	$2,220	$2,840	$3,330
FY 2024	$1,450	$1,700	$2,010	$2,580	$3,010
FY 2023	$1,240	$1,470	$1,730	$2,230	$2,590

Two-bedroom rent in nearby Orleans Parish ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 70130
70118	$1,660	−25.2%
70119	$1,750	−21.2%
70122	$1,590	−28.4%
70124	$2,180	−1.8%
70125	$1,620	−27.0%
70126	$1,400	−36.9%
70127	$1,360	−38.7%
70128	$1,500	−32.4%
70129	$1,450	−34.7%
70130Current	$2,220	—
70131	$1,310	−41.0%
70139	$1,530	−31.1%

Questions about ZIP 70130 rents

How much will Section 8 pay for a two-bedroom in ZIP 70130?

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 $2,220 it would be $1,998 to $2,442. 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 70130 in?

ZIP 70130 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 70130 for FY 2027?

The two-bedroom FMR rose 11.0%, from $2,000 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 28.3%.

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

County fair market rent New Orleans, LA fair market rent LA statewide rents What is SAFMR?Data sources