FY2027 Small Area FMR · New Orleans, LA
ZIP 70112 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70112 (New Orleans, LA) is $1,430 a month, up 6.7% from FY2026. That is 3% below the New Orleans-Metairie, LA area-wide FMR of $1,480.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 70112 sits in the New Orleans-Metairie, LA area
Of the 106 ZIP codes HUD lists for the area, 70112 has the 69th 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 $1,430 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,060 | $954 – $1,166 | $1,096 | $970 |
| 1 bedroom | $1,190 | $1,071 – $1,309 | $1,229 | $1,120 |
| 2 bedrooms | $1,430 | $1,287 – $1,573 | $1,480 | $1,340 |
| 3 bedrooms | $1,840 | $1,656 – $2,024 | $1,900 | $1,710 |
| 4 bedrooms | $2,160 | $1,944 – $2,376 | $2,233 | $2,000 |
A household renting a two-bedroom home at the Small Area FMR of $1,430 needs about $57,200 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 70112 lies mainly in Orleans Parish. See the New Orleans-Metairie, LA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 70112?
HUD's FY2027 Small Area Fair Market Rents for 70112 are $1,060 (studio), $1,190 (1 BR), $1,430 (2 BR), $1,840 (3 BR) and $2,160 (4 BR) a month.
What is the Section 8 payment standard in 70112?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70112 that range is $1,287 to $1,573 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 70112?
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.