FY2027 Small Area FMR · New Orleans, LA

ZIP 70118 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70118 (New Orleans, LA) is $1,660 a month, up 19.4% from FY2026. That is 12% above the New Orleans-Metairie, LA area-wide FMR of $1,480.

2-bedroom SAFMR$1,660per month ▲ 19.4%

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

Rank in the area11thof 106 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,494

2 BR Small Area FMR$1,660

110% of SAFMR$1,826

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

Studio$1,230▲ 20.6%

1 BR$1,380▲ 19.0%

2 BR$1,660▲ 19.4%

3 BR$2,130▲ 20.3%

4 BR$2,500▲ 19.0%

FY2027 FY2026

Where 70118 sits in the New Orleans-Metairie, LA area

Of the 106 ZIP codes HUD lists for the area, 70118 has the 11th 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 $1,660 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	$1,230	$1,107 – $1,353	$1,096	$1,020
1 bedroom	$1,380	$1,242 – $1,518	$1,229	$1,160
2 bedrooms	$1,660	$1,494 – $1,826	$1,480	$1,390
3 bedrooms	$2,130	$1,917 – $2,343	$1,900	$1,770
4 bedrooms	$2,500	$2,250 – $2,750	$2,233	$2,100

A household renting a two-bedroom home at the Small Area FMR of $1,660 needs about $66,400 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 70118 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

ZIP	Place	Distance	2 BR SAFMR
70125	New Orleans	1.4 mi	$1,620
70115	New Orleans	2.0 mi	$1,980
70121	New Orleans	2.5 mi	$1,360
70113	New Orleans	2.6 mi	$1,230
70163	New Orleans	3.0 mi	$1,530
70112	New Orleans	3.0 mi	$1,430

Questions

What is the Fair Market Rent for ZIP code 70118?

HUD's FY2027 Small Area Fair Market Rents for 70118 are $1,230 (studio), $1,380 (1 BR), $1,660 (2 BR), $2,130 (3 BR) and $2,500 (4 BR) a month.

What is the Section 8 payment standard in 70118?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70118 that range is $1,494 to $1,826 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70118?

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.