FY2027 Small Area FMR · New Iberia, LA

ZIP 70562 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70562 (New Iberia, LA) is $980 a month, up 7.7% from FY2026. That is 0% equal to the Iberia Parish, LA area-wide FMR of $981.

2-bedroom SAFMR$980per month ▲ 7.7%

Area-wide 2 BR FMR$981Iberia Parish, LA

Rank in the area4thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$882

2 BR Small Area FMR$980

110% of SAFMR$1,078

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

Studio$730▲ 7.4%

1 BR$810▲ 5.2%

2 BR$980▲ 7.7%

3 BR$1,280▲ 6.7%

4 BR$1,620▲ 9.5%

FY2027 FY2026

Where 70562 sits in the Iberia Parish, LA area

Of the 12 ZIP codes HUD lists for the area, 70562 has the 4th highest two-bedroom Small Area FMR. Iberia Parish, 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 $981 for two bedrooms; an agency that opts in to Small Area FMRs would use $980 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	$730	$657 – $803	$726	$680
1 bedroom	$810	$729 – $891	$813	$770
2 bedrooms	$980	$882 – $1,078	$981	$910
3 bedrooms	$1,280	$1,152 – $1,408	$1,286	$1,200
4 bedrooms	$1,620	$1,458 – $1,782	$1,624	$1,480

A household renting a two-bedroom home at the Small Area FMR of $980 needs about $39,200 a year to keep housing costs at 30% of income. The area median family income is $75,400 and the 80% low-income limit for four people is $59,600. ZIP code 70562 lies mainly in Iberia Parish. See the Iberia Parish, LA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
70563	New Iberia	6.6 mi	$1,070
70560	New Iberia	6.7 mi	$970
70519	Cade	7.1 mi	$990
70513	Avery Island	8.8 mi	$970
70552	Loreauville	9.8 mi	$910
70528	Delcambre	10.9 mi	$900

Questions

What is the Fair Market Rent for ZIP code 70562?

HUD's FY2027 Small Area Fair Market Rents for 70562 are $730 (studio), $810 (1 BR), $980 (2 BR), $1,280 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 70562?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70562 that range is $882 to $1,078 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70562?

The FY2026 income limits of the Iberia Parish, LA area apply: median family income $75,400, low-income (80%) limit $59,600 for a family of four.