New Orleans-Metairie Fair Market Rent FY 2017 New Orleans-Metairie, LA HUD Metro FMR Area Rental Data

Fair Market Rent prices in New Orleans-Metairie are very high compared to the national average. This FMR area is more expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in New Orleans-Metairie is $964 per month.

The previous year, rent for a two-bedroom home was $963 per month. This is a 0.1% increase year-over-year.

This FMR rate applies to Grand Isle, LA, Barataria, LA, Lafitte, LA, Westwego, LA, Harvey, LA, Gretna, LA, Marrero, LA, New Orleans, LA, Kenner, LA, Metairie, LA and other cities within the region. The Metro Code or CBSA code for this region is METRO35380M35380.

Additionally, This Fair Market Rent (FMR) area New Orleans-Metairie, LA HUD Metro FMR Area spans one county or city in Louisiana which is listed in the table below. Estimated population of New Orleans-Metairie, LA HUD Metro FMR Area FMR area is 432,552 people based on latest Census data.

Compared to the rest of Louisiana, the New Orleans-Metairie FMR area is more expensive than 100% of the state.

Median Rent Prices in New Orleans-Metairie

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: