FY2027 Small Area FMR · Covington, LA
ZIP 70435 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70435 (Covington, LA) is $1,290 a month, down 3.7% from FY2026. That is 18% 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 70435 sits in the Hammond, LA area
Of the 23 ZIP codes HUD lists for the area, 70435 has the 2nd 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 $1,290 for this ZIP code instead.
ZIP code 70435 crosses more than one HUD area. HUD also lists it under Slidell-Mandeville-Covington, LA (same figures) and Washington Parish, 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 | $1,020 | $918 – $1,122 | $782 | $970 |
| 1 bedroom | $1,110 | $999 – $1,221 | $854 | $1,120 |
| 2 bedrooms | $1,290 | $1,161 – $1,419 | $1,097 | $1,340 |
| 3 bedrooms | $1,660 | $1,494 – $1,826 | $1,384 | $1,710 |
| 4 bedrooms | $1,900 | $1,710 – $2,090 | $1,442 | $2,000 |
A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 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 70435 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 70435?
HUD's FY2027 Small Area Fair Market Rents for 70435 are $1,020 (studio), $1,110 (1 BR), $1,290 (2 BR), $1,660 (3 BR) and $1,900 (4 BR) a month.
What is the Section 8 payment standard in 70435?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70435 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 70435?
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.