FY2027 Small Area FMR · Covington, LA
ZIP 70433 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70433 (Covington, LA) is $1,440 a month, down 5.3% from FY2026. That is 31% above the Hammond, LA area-wide FMR of $1,097.
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 70433 sits in the Hammond, LA area
Of the 23 ZIP codes HUD lists for the area, 70433 has the 1st highest two-bedroom Small Area FMR. Hammond, 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 $1,097 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,440 for this ZIP code instead.
ZIP code 70433 crosses more than one HUD area. HUD also lists it under Slidell-Mandeville-Covington, LA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,140 | $1,026 – $1,254 | $782 | $1,100 |
| 1 bedroom | $1,240 | $1,116 – $1,364 | $854 | $1,260 |
| 2 bedrooms | $1,440 | $1,296 – $1,584 | $1,097 | $1,520 |
| 3 bedrooms | $1,860 | $1,674 – $2,046 | $1,384 | $1,940 |
| 4 bedrooms | $2,120 | $1,908 – $2,332 | $1,442 | $2,270 |
A household renting a two-bedroom home at the Small Area FMR of $1,440 needs about $57,600 a year to keep housing costs at 30% of income. The area median family income is $65,800 and the 80% low-income limit for four people is $61,100. ZIP code 70433 lies mainly in St. Tammany Parish and Tangipahoa Parish. See the Hammond, LA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 70433?
HUD's FY2027 Small Area Fair Market Rents for 70433 are $1,140 (studio), $1,240 (1 BR), $1,440 (2 BR), $1,860 (3 BR) and $2,120 (4 BR) a month.
What is the Section 8 payment standard in 70433?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70433 that range is $1,296 to $1,584 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 70433?
The FY2026 income limits of the Hammond, LA area apply: median family income $65,800, low-income (80%) limit $61,100 for a family of four.