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RentData.org Logo New Orleans-Metairie Fair Market Rent FY 2018 New Orleans-Metairie, LA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in New Orleans-Metairie, LA :
$708 $827 $996 $1,277 $1,477
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

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 $996 per month.

The previous year, rent for a two-bedroom home was $964 per month. This is a 3.32% increase year-over-year.

This FMR rate applies to Empire, LA, Venice, LA, Saint Benedict, LA, Pilottown, LA, Pointe A La Hache, LA, Sun, LA, Mount Airy, LA, Boothville, LA, New Sarpy, LA, Grand Isle, 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 seven counties or cities in Louisiana which ares listed in the table below. Estimated population of New Orleans-Metairie, LA HUD Metro FMR Area FMR area is 1,167,764 people based on 2010 Census data.

Compared to the rest of Louisiana, the New Orleans-Metairie FMR area is more expensive than 97% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in New Orleans-Metairie. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 728
1-BR 1-Bedroom $ 849
2-BR 2-Bedroom $ 1029
3-BR 3-Bedroom $ 1317
4-BR 4-Bedroom $ 1545
Change Year:

The counties, cities, towns, and regions listed below fall into the New Orleans-Metairie, LA HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: New Orleans.

County / Region Est. Population
Jefferson Parish, LA Metro 432,552
Orleans Parish, LA Metro 343,829
Plaquemines Parish, LA Metro 23,042
St. Bernard Parish, LA Metro 35,897
St. Charles Parish, LA Metro 52,780
St. John the Baptist Parish, LA Metro 45,924
St. Tammany Parish, LA Metro 233,740
Zip Codes in New Orleans-Metairie, LA HUD Metro FMR Area

There are 129 unique zip codes in this Fair Market Rent (FMR) area:

70001, 70002, 70003, 70004, 70005, 70006, 70009, 70010, 70011, 70030, 70031, 70032, 70033, 70036, 70037, 70038, 70039, 70040, 70041, 70043, 70044, 70047, 70049, 70050, 70051, 70053, 70054, 70055, 70056, 70057, 70058, 70059, 70060, 70062, 70063, 70064, 70065, 70067, 70068, 70069, 70070, 70072, 70073, 70075, 70076, 70078, 70079, 70080, 70081, 70082, 70083, 70084, 70085, 70087, 70091, 70092, 70093, 70094, 70096, 70112, 70113, 70114, 70115, 70116, 70117, 70118, 70119, 70121, 70122, 70123, 70124, 70125, 70126, 70127, 70128, 70129, 70130, 70131, 70139, 70141, 70142, 70143, 70146, 70148, 70150, 70152, 70153, 70157, 70158, 70160, 70161, 70163, 70165, 70170, 70172, 70174, 70175, 70177, 70178, 70179, 70181, 70182, 70183, 70184, 70185, 70186, 70187, 70189, 70190, 70358, 70420, 70431, 70433, 70434, 70435, 70437, 70445, 70447, 70448, 70452, 70457, 70458, 70459, 70460, 70461, 70463, 70469, 70470 and 70471

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