FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR
0.91ratio
FMR$1,150
Market$1,270
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR
0.76ratio
FMR$1,280
Market$1,680
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR
0.89ratio
FMR$1,640
Market$1,850
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR
0.78ratio
FMR$1,810
Market$2,320
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.78
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 70558 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 70558 (Milton, LA) is $1,280 a month. That is up 6.7% from $1,200 in FY 2026. Milton is in the Lafayette, 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 $1,092. Among 22 ZIP codes in Lafayette Parish, 70558 has the 3rd-highest two-bedroom rent (county range $920–$1,350). The median county two-bedroom FMR in Louisiana is $995, so ZIP 70558 is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 70558
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$960
+9.1%
$864–$1,056
1BR
$1,060
$1,150
+8.5%
$1,035–$1,265
2BR
$1,200
$1,280
+6.7%
$1,152–$1,408
3BR
$1,550
$1,640
+5.8%
$1,476–$1,804
4BR
$1,760
$1,810
+2.8%
$1,629–$1,991
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 70558
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$1,150
$1,280
$1,640
$1,810
FY 2026
$880
$1,060
$1,200
$1,550
$1,760
FY 2025
$840
$1,080
$1,210
$1,550
$1,870
FY 2024
$790
$1,030
$1,150
$1,510
$1,830
FY 2023
$750
$980
$1,100
$1,440
$1,750
Two-bedroom rent in nearby Lafayette Parish ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 70558?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,092, which applies unless the housing authority uses Small Area FMRs, that basic range is $983 to $1,201 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. 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 70558 in?
ZIP 70558 is in the Lafayette, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,092.
How much did fair market rent change in ZIP 70558 for FY 2027?
The two-bedroom FMR rose 6.7%, from $1,200 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 16.4%.
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