Section 8 Fair Market Rent (FMR) for ZIP 70092 - 2027

Location: New Orleans-Metairie, LA | Metro: New Orleans-Metairie, LA HUD Metro FMR Area

Investment Score for ZIP 70092

N/A

Monthly Rent (2BR)

$1,420

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,180
2 Bedrooms	$1,420
3 Bedrooms	$1,820
4 Bedrooms	$2,140
5 Bedrooms	$2,482
6 Bedrooms	$2,780
7 Bedrooms	$3,002
8 Bedrooms	$3,152

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,820	$196,937	0.92%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,936

Median Household Income

$57,188

Housing Units

2,850

Renter Percentage

11.7%

Occupancy Rate

87.3%

Renter Occupied

292

The ZIP code 70092, located in Louisiana, offers a unique blend of urban convenience and rural charm. This area is characterized by its moderate housing costs and a significant portion of renters, making it a potentially lucrative market for landlords and small-portfolio investors looking to capitalize on affordable rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 70092 for fiscal year 2024 is set at $1310, indicating a reasonable price point for tenants.
According to the Census ACS, the average market rent for properties in this ZIP code stands at $898, suggesting that there is room for landlords to increase rents closer to the FMR without deterring potential tenants.
The median home value in ZIP 70092 is $160,615, which is relatively low compared to many other areas, making property acquisition potentially more accessible for investors.
Renters make up 11.7% of the total population in this ZIP code, showing a significant demand for rental properties.
The median income for residents in ZIP 70092 is $57,188, providing insight into the economic profile of potential tenants and their ability to pay higher rents.

Investors considering entering the ZIP 70092 market should take note of the gap between the current market rent and the FMR, as well as the relatively low median home values, which present opportunities for acquiring properties at favorable prices. The substantial renter share indicates a robust demand for rental units, while the median income suggests that tenants can afford rents closer to the FMR. Overall, ZIP 70092 presents a balanced investment opportunity with potential for steady returns.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.