FY2027 Small Area FMR · Grosse Tete, LA

ZIP 70740 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 70740 (Grosse Tete, LA) is $900 a month, down 3.2% from FY2026. That is 1% above the Iberville Parish, LA area-wide FMR of $892.

2-bedroom SAFMR$900per month ▼ 3.2%

Area-wide 2 BR FMR$892Iberville Parish, LA

Rank in the area7thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$810

2 BR Small Area FMR$900

110% of SAFMR$990

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

Studio$780▼ 2.5%

1 BR$820▼ 2.4%

2 BR$900▼ 3.2%

3 BR$1,220▼ 3.9%

4 BR$1,440▼ 7.1%

FY2027 FY2026

Where 70740 sits in the Iberville Parish, LA area

Of the 8 ZIP codes HUD lists for the area, 70740 has the 7th highest two-bedroom Small Area FMR. Iberville 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 $892 for two bedrooms; an agency that opts in to Small Area FMRs would use $900 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	$780	$702 – $858	$775	$800
1 bedroom	$820	$738 – $902	$819	$840
2 bedrooms	$900	$810 – $990	$892	$930
3 bedrooms	$1,220	$1,098 – $1,342	$1,235	$1,270
4 bedrooms	$1,440	$1,296 – $1,584	$1,431	$1,550

A household renting a two-bedroom home at the Small Area FMR of $900 needs about $36,000 a year to keep housing costs at 30% of income. The area median family income is $75,500 and the 80% low-income limit for four people is $60,400. ZIP code 70740 lies mainly in Iberville Parish. See the Iberville Parish, LA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
70772	Rosedale	8.9 mi	$910
70719	Brusly	9.1 mi	$1,090
70710	Addis	11.0 mi	$1,220
70764	Plaquemine	11.4 mi	$1,090
70757	Maringouin	13.3 mi	$1,090
70767	Port Allen	13.5 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 70740?

HUD's FY2027 Small Area Fair Market Rents for 70740 are $780 (studio), $820 (1 BR), $900 (2 BR), $1,220 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 70740?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 70740 that range is $810 to $990 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 70740?

The FY2026 income limits of the Iberville Parish, LA area apply: median family income $75,500, low-income (80%) limit $60,400 for a family of four.