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http://www.gnocdc.org/fair_market_rents.html

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, 2008 indicate that the average rent has increased by more than 52% 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 (2000-2009) 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
FY 2009………$794………$881………$1,030……$1,323………$1,367

Source Citation: (2000-2005) Fair Market Rent History 2000 to 2005 for New Orleans, LA MSA available at <
www.huduser.org/datasets/fmr/fmrs/histsummary.odb?inputname=5560.0*New,Orleans%2C,LA,MSA >; (2006-2009) County Level Data File available at. From a compilation by the GNO Community Data Center. <http://www.gnocdc.org >
Note: Fair market rents are effective as of October 1st of the previous year. For instance, data for fiscal year 2009 is effective on October 1, 2008.

*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.

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

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Last modified: March 31, 2009