Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 70356 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70356 (Gibson, LA) is $1,000 a month. That is down 3.8% from $1,040 in FY 2026. Gibson is in the Houma-Bayou Cane-Thibodaux, LA MSA. 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 $1,098. Among 14 ZIP codes in Terrebonne Parish, 70356 is tied for the 9th-highest two-bedroom rent (county range $1,000–$1,440).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70356
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$690
−2.8%
$621–$759
1BR
$850
$820
−3.5%
$738–$902
2BR
$1,040
$1,000
−3.8%
$900–$1,100
3BR
$1,250
$1,200
−4.0%
$1,080–$1,320
4BR
$1,370
$1,320
−3.6%
$1,188–$1,452
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70356
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$690
$820
$1,000
$1,200
$1,320
FY 2026
$710
$850
$1,040
$1,250
$1,370
FY 2025
$690
$810
$1,010
$1,260
$1,370
FY 2024
$600
$710
$890
$1,140
$1,290
FY 2023
$540
$630
$810
$1,070
$1,220
Two-bedroom rent in nearby Terrebonne Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70356?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,098, which applies unless the housing authority uses Small Area FMRs, that basic range is $988 to $1,208 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 70356 in?
ZIP 70356 is in the Houma-Bayou Cane-Thibodaux, LA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,098.
How much did fair market rent change in ZIP 70356 for FY 2027?
The two-bedroom FMR fell 3.8%, from $1,040 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 23.5%.
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