FY2027 Small Area FMR · Gray, LA

ZIP 70359 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70359 (Gray, LA) is $1,240 a month, up 0.8% from FY2026. That is 13% above the Houma-Bayou Cane-Thibodaux, LA area-wide FMR of $1,098.

2-bedroom SAFMR$1,240per month ▲ 0.8%

Area-wide 2 BR FMR$1,098Houma-Bayou Cane-Thibodaux,

Rank in the area4thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$860▲ 1.2%

1 BR$1,020▲ 1.0%

2 BR$1,240▲ 0.8%

3 BR$1,510▲ 2.0%

4 BR$1,630■ 0.0%

FY2027 FY2026

Where 70359 sits in the Houma-Bayou Cane-Thibodaux, LA area

Of the 26 ZIP codes HUD lists for the area, 70359 has the 4th highest two-bedroom Small Area FMR. Houma-Bayou Cane-Thibodaux, 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 $1,098 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,240 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	$860	$774 – $946	$765	$850
1 bedroom	$1,020	$918 – $1,122	$903	$1,010
2 bedrooms	$1,240	$1,116 – $1,364	$1,098	$1,230
3 bedrooms	$1,510	$1,359 – $1,661	$1,335	$1,480
4 bedrooms	$1,630	$1,467 – $1,793	$1,443	$1,630

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 a year to keep housing costs at 30% of income. The area median family income is $86,600 and the 80% low-income limit for four people is $66,550. ZIP code 70359 lies mainly in Terrebonne Parish and Lafourche Parish. See the Houma-Bayou Cane-Thibodaux, LA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
70395	Schriever	5.1 mi	$1,000
70364	Houma	7.3 mi	$1,130
70310	Thibodaux	7.9 mi	$1,110
70301	Thibodaux	8.0 mi	$1,110
70360	Houma	8.2 mi	$1,190
70394	Raceland	9.6 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 70359?

HUD's FY2027 Small Area Fair Market Rents for 70359 are $860 (studio), $1,020 (1 BR), $1,240 (2 BR), $1,510 (3 BR) and $1,630 (4 BR) a month.

What is the Section 8 payment standard in 70359?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70359 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70359?

The FY2026 income limits of the Houma-Bayou Cane-Thibodaux, LA area apply: median family income $86,600, low-income (80%) limit $66,550 for a family of four.