FY2027 Small Area FMR · Metairie, LA

ZIP 70003 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70003 (Metairie, LA) is $1,450 a month, up 8.2% from FY2026. That is 2% below the New Orleans-Metairie, LA area-wide FMR of $1,480.

2-bedroom SAFMR$1,450per month ▲ 8.2%

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

Rank in the area64thof 106 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,305

2 BR Small Area FMR$1,450

110% of SAFMR$1,595

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

Studio$1,070▲ 10.3%

1 BR$1,200▲ 7.1%

2 BR$1,450▲ 8.2%

3 BR$1,860▲ 8.8%

4 BR$2,190▲ 9.5%

FY2027 FY2026

Where 70003 sits in the New Orleans-Metairie, LA area

Of the 106 ZIP codes HUD lists for the area, 70003 has the 64th 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 $1,450 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	$1,070	$963 – $1,177	$1,096	$970
1 bedroom	$1,200	$1,080 – $1,320	$1,229	$1,120
2 bedrooms	$1,450	$1,305 – $1,595	$1,480	$1,340
3 bedrooms	$1,860	$1,674 – $2,046	$1,900	$1,710
4 bedrooms	$2,190	$1,971 – $2,409	$2,233	$2,000

A household renting a two-bedroom home at the Small Area FMR of $1,450 needs about $58,000 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 70003 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	1.4 mi	$1,460
70001	Metairie	2.8 mi	$1,640
70002	Metairie	2.9 mi	$1,390
70062	Kenner	3.0 mi	$1,470
70065	Kenner	3.2 mi	$1,350
70123	New Orleans	3.5 mi	$1,630

Questions

What is the Fair Market Rent for ZIP code 70003?

HUD's FY2027 Small Area Fair Market Rents for 70003 are $1,070 (studio), $1,200 (1 BR), $1,450 (2 BR), $1,860 (3 BR) and $2,190 (4 BR) a month.

What is the Section 8 payment standard in 70003?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70003 that range is $1,305 to $1,595 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70003?

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.