Section 8 Fair Market Rent (FMR) for ZIP 70146 - 2027

FY 2027 Fair Market Rent Rates

1390 is the Fair Market Rent (FMR) for ZIP 70146 in New Orleans, LA, as of fiscal year 2024. This figure represents the benchmark for rental housing costs under the Section 8 program. However, specific market rent data for the area is currently unavailable, indicating a gap in recent reporting. Similarly, the median home value, which would typically provide insight into property appreciation trends, is also unreported. The lack of detailed metrics such as the percentage of renters and median income further complicates a comprehensive analysis of the investment landscape in this ZIP code. Days on Market (DOM) and the percentage of price-cut shares are also missing, making it difficult to assess the speed at which properties sell and the frequency of price adjustments. Despite these data limitations, the presence of 5 business establishments within ZIP 70146, as reported by the Business Census (2024), suggests a moderate level of economic activity. These businesses employ approximately 24 people, contributing to an annual payroll of $3,653,000, which can indirectly influence local housing demand. Given the available data, the Section 8 FMR stands out as a reliable indicator for rental pricing strategies in this area. Landlords and small-portfolio investors should consider setting rents close to the 1390 mark to remain competitive and viable within the Section 8 framework.

Verdict: Investors should align their rental prices with the 1390 FMR to ensure participation in the Section 8 program.

Data Sources: FMR data from HUD (2027).

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.