FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR
0.80ratio
FMR$860
Market$1,080
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR
0.87ratio
FMR$1,100
Market$1,260
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR
0.81ratio
FMR$1,390
Market$1,720
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR
0.75ratio
FMR$1,450
Market$1,930
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.75
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 70404 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70404 (Hammond, LA) is $1,100 a month. That is unchanged from FY 2026. Hammond is in the Hammond, 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 $1,097. Among 22 ZIP codes in Tangipahoa Parish, 70404 is tied for the 7th-highest two-bedroom rent (county range $990–$1,290). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70404 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70404
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$830
$780
−6.0%
$702–$858
1BR
$850
$860
+1.2%
$774–$946
2BR
$1,100
$1,100
0.0%
$990–$1,210
3BR
$1,370
$1,390
+1.5%
$1,251–$1,529
4BR
$1,460
$1,450
−0.7%
$1,305–$1,595
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70404
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$860
$1,100
$1,390
$1,450
FY 2026
$830
$850
$1,100
$1,370
$1,460
FY 2025
$850
$850
$1,100
$1,360
$1,460
FY 2024
$830
$830
$1,070
$1,290
$1,430
FY 2023
$780
$780
$1,000
$1,220
$1,340
Two-bedroom rent in nearby Tangipahoa Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70404?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,097, which applies unless the housing authority uses Small Area FMRs, that basic range is $987 to $1,207 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 70404 in?
ZIP 70404 is in the Hammond, LA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,097.
How much did fair market rent change in ZIP 70404 for FY 2027?
The two-bedroom FMR was unchanged at $1,100 in FY 2027. Since FY 2023 it has risen 10.0%.
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