Metro New Orleans Fair Market Rent History
Due to damage to the existing housing inventory and the increase in demand for the remaining units, HUD continued to increase the Fair Market Rents for the seven-parish New Orleans MSA. The newest numbers, effective as of October 1, 2007 indicate that the average rent has increased by more than 46% since before Katrina.
Fair Market Rents are estimates of gross rental prices that include the cost of all utilities (except telephone and cable).(1)
| Fair Market Rents by Unit Bedrooms (2000-2008) for New Orleans, LA MSA* | |||||
| Fiscal Year | Efficiency | 1-Bedroom | 2-Bedroom | 3-Bedroom | 4-Bedroom |
| FY 2000 | $365 | $418 | $521 | $709 | $858 |
| FY 2001 | $369 | $423 | $527 | $717 | $868 |
| FY 2002 | $446 | $512 | $637 | $867 | $1,050 |
| FY 2003 | $461 | $529 | $659 | $896 | $1,085 |
| FY 2004 | $463 | $531 | $661 | $899 | $1,089 |
| FY 2005 | $522 | $578 | $676 | $868 | $897 |
| FY 2006 | $725 | $803 | $940 | $1,206 | $1,247 |
| FY 2007 | $755 | $836 | $978 | $1,256 | $1,298 |
| FY 2008 | $764 | $846 | $990 | $1,271 | $1,314 |
Source Citation: (2000-2005) Fair Market Rent History 2000 to 2005 for New Orleans, LA MSA available at < *MSA refers to the Metropolitan Statistical Area, which includes the parishes of Orleans, Jefferson, Plaquemines, St. Bernard, St. Charles, St. John, and St. Tammany. Prior to 2003, the MSA also included St. James Parish. |
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Citation
(1) Final Fair Market Rents for the Housing Choice Voucher Program and Moderate
Rehabilitation Single Room Occupancy Program for Fiscal Year 2006; Revised
http://www.huduser.org/datasets/fmr/fmr2006r/FedRegNotice.pdf
Last modified: October 17, 2007
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