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 70457 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70457 (Saint Benedict, LA) is $1,290 a month. That is down 3.7% from $1,340 in FY 2026. Saint Benedict is in the Slidell-Mandeville-Covington, 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 $1,354. Among 22 ZIP codes in St. Tammany Parish, 70457 is tied for the 12th-highest two-bedroom rent (county range $1,210–$2,030). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70457 is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70457
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,020
+5.2%
$918–$1,122
1BR
$1,120
$1,110
−0.9%
$999–$1,221
2BR
$1,340
$1,290
−3.7%
$1,161–$1,419
3BR
$1,710
$1,660
−2.9%
$1,494–$1,826
4BR
$2,000
$1,900
−5.0%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70457
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,110
$1,290
$1,660
$1,900
FY 2026
$970
$1,120
$1,340
$1,710
$2,000
FY 2025
$1,070
$1,240
$1,480
$1,890
$2,220
FY 2024
$1,070
$1,250
$1,480
$1,900
$2,220
FY 2023
$920
$1,090
$1,280
$1,650
$1,920
Two-bedroom rent in nearby St. Tammany Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70457?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,354, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,219 to $1,489 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 70457 in?
ZIP 70457 is in the Slidell-Mandeville-Covington, LA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,354.
How much did fair market rent change in ZIP 70457 for FY 2027?
The two-bedroom FMR fell 3.7%, from $1,340 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 0.8%.
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