FY2027 Small Area FMR · Lafayette, LA

ZIP 70508 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70508 (Lafayette, LA) is $1,290 a month, up 5.7% from FY2026. That is 18% above the Lafayette, LA area-wide FMR of $1,092.

2-bedroom SAFMR$1,290per month ▲ 5.7%

Area-wide 2 BR FMR$1,092Lafayette, LA

Rank in the area2ndof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$990▲ 6.5%

1 BR$1,150▲ 7.5%

2 BR$1,290▲ 5.7%

3 BR$1,620▲ 3.8%

4 BR$1,900▲ 0.5%

FY2027 FY2026

Where 70508 sits in the Lafayette, LA area

Of the 29 ZIP codes HUD lists for the area, 70508 has the 2nd highest two-bedroom Small Area FMR. Lafayette, 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 $1,092 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,290 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	$990	$891 – $1,089	$835	$930
1 bedroom	$1,150	$1,035 – $1,265	$971	$1,070
2 bedrooms	$1,290	$1,161 – $1,419	$1,092	$1,220
3 bedrooms	$1,620	$1,458 – $1,782	$1,375	$1,560
4 bedrooms	$1,900	$1,710 – $2,090	$1,607	$1,890

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 $90,300 and the 80% low-income limit for four people is $72,250. ZIP code 70508 lies mainly in Lafayette Parish. See the Lafayette, LA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
70503	Lafayette	2.3 mi	$1,190
70506	Lafayette	4.2 mi	$1,170
70558	Milton	4.7 mi	$1,280
70592	Youngsville	5.2 mi	$1,120
70518	Broussard	6.2 mi	$1,080
70501	Lafayette	6.4 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 70508?

HUD's FY2027 Small Area Fair Market Rents for 70508 are $990 (studio), $1,150 (1 BR), $1,290 (2 BR), $1,620 (3 BR) and $1,900 (4 BR) a month.

What is the Section 8 payment standard in 70508?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70508 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 70508?

The FY2026 income limits of the Lafayette, LA area apply: median family income $90,300, low-income (80%) limit $72,250 for a family of four.