FY2027 Small Area FMR · New Orleans, LA

ZIP 70122 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70122 (New Orleans, LA) is $1,590 a month, up 15.2% from FY2026. That is 7% above the New Orleans-Metairie, LA area-wide FMR of $1,480.

2-bedroom SAFMR$1,590per month ▲ 15.2%

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

Rank in the area18thof 106 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,431

2 BR Small Area FMR$1,590

110% of SAFMR$1,749

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

Studio$1,180▲ 15.7%

1 BR$1,320▲ 14.8%

2 BR$1,590▲ 15.2%

3 BR$2,040▲ 16.6%

4 BR$2,400▲ 14.8%

FY2027 FY2026

Where 70122 sits in the New Orleans-Metairie, LA area

Of the 106 ZIP codes HUD lists for the area, 70122 has the 18th 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 $1,590 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	$1,180	$1,062 – $1,298	$1,096	$1,020
1 bedroom	$1,320	$1,188 – $1,452	$1,229	$1,150
2 bedrooms	$1,590	$1,431 – $1,749	$1,480	$1,380
3 bedrooms	$2,040	$1,836 – $2,244	$1,900	$1,750
4 bedrooms	$2,400	$2,160 – $2,640	$2,233	$2,090

A household renting a two-bedroom home at the Small Area FMR of $1,590 needs about $63,600 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 70122 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
70148	New Orleans	1.2 mi	$1,210
70124	New Orleans	2.5 mi	$2,180
70126	New Orleans	2.6 mi	$1,400
70119	New Orleans	3.0 mi	$1,750
70116	New Orleans	3.2 mi	$1,540
70117	New Orleans	3.7 mi	$1,500

Questions

What is the Fair Market Rent for ZIP code 70122?

HUD's FY2027 Small Area Fair Market Rents for 70122 are $1,180 (studio), $1,320 (1 BR), $1,590 (2 BR), $2,040 (3 BR) and $2,400 (4 BR) a month.

What is the Section 8 payment standard in 70122?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70122 that range is $1,431 to $1,749 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70122?

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.