FY2027 Small Area FMR · Metairie, LA

ZIP 70002 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70002 (Metairie, LA) is $1,390 a month, up 3.7% from FY2026. That is 6% below the New Orleans-Metairie, LA area-wide FMR of $1,480.

2-bedroom SAFMR$1,390per month ▲ 3.7%

Area-wide 2 BR FMR$1,480New Orleans-Metairie, LA

Rank in the area88thof 106 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,251

2 BR Small Area FMR$1,390

110% of SAFMR$1,529

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,030▲ 6.2%

1 BR$1,150▲ 2.7%

2 BR$1,390▲ 3.7%

3 BR$1,780▲ 4.1%

4 BR$2,100▲ 5.0%

FY2027 FY2026

Where 70002 sits in the New Orleans-Metairie, LA area

Of the 106 ZIP codes HUD lists for the area, 70002 has the 88th highest two-bedroom Small Area FMR. New Orleans-Metairie, LA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,480 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,390 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,030	$927 – $1,133	$1,096	$970
1 bedroom	$1,150	$1,035 – $1,265	$1,229	$1,120
2 bedrooms	$1,390	$1,251 – $1,529	$1,480	$1,340
3 bedrooms	$1,780	$1,602 – $1,958	$1,900	$1,710
4 bedrooms	$2,100	$1,890 – $2,310	$2,233	$2,000

A household renting a two-bedroom home at the Small Area FMR of $1,390 needs about $55,600 a year to keep housing costs at 30% of income. The area median family income is $88,600 and the 80% low-income limit for four people is $70,900. ZIP code 70002 lies mainly in Jefferson Parish. See the New Orleans-Metairie, LA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
70006	Metairie	1.7 mi	$1,460
70005	Metairie	1.9 mi	$1,440
70001	Metairie	2.0 mi	$1,640
70003	Metairie	2.9 mi	$1,450
70124	New Orleans	3.5 mi	$2,180
70121	New Orleans	3.6 mi	$1,360

Questions

What is the Fair Market Rent for ZIP code 70002?

HUD's FY2027 Small Area Fair Market Rents for 70002 are $1,030 (studio), $1,150 (1 BR), $1,390 (2 BR), $1,780 (3 BR) and $2,100 (4 BR) a month.

What is the Section 8 payment standard in 70002?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70002 that range is $1,251 to $1,529 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70002?

The FY2026 income limits of the New Orleans-Metairie, LA area apply: median family income $88,600, low-income (80%) limit $70,900 for a family of four.