FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.96ratio
FMR$1,270
Market$1,320
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR
1.03ratio
FMR$1,530
Market$1,480
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR
1.13ratio
FMR$1,960
Market$1,730
vs market+$230
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR
1.09ratio
FMR$2,310
Market$2,110
vs market+$200
FMR is near market; voucher and private rents are aligned.
1.09
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 70174 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70174 (New Orleans, LA) is $1,530 a month. That is up 11.7% from $1,370 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, 70174 is tied for the 9th-highest two-bedroom rent (county range $1,210–$2,220). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70174 is 54% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70174
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,130
+11.9%
$1,017–$1,243
1BR
$1,140
$1,270
+11.4%
$1,143–$1,397
2BR
$1,370
$1,530
+11.7%
$1,377–$1,683
3BR
$1,740
$1,960
+12.6%
$1,764–$2,156
4BR
$2,070
$2,310
+11.6%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70174
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,270
$1,530
$1,960
$2,310
FY 2026
$1,010
$1,140
$1,370
$1,740
$2,070
FY 2025
$1,090
$1,260
$1,510
$1,930
$2,270
FY 2024
$1,010
$1,170
$1,390
$1,790
$2,080
FY 2023
$870
$1,030
$1,210
$1,560
$1,810
Questions about ZIP 70174 rents
How much will Section 8 pay for a two-bedroom in ZIP 70174?
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 $1,530 it would be $1,377 to $1,683. 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 70174 in?
ZIP 70174 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 70174 for FY 2027?
The two-bedroom FMR rose 11.7%, from $1,370 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 26.4%.
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