New Orleans-Metairie Fair Market Rent 2026
HUD Fair Market Rent data for the New Orleans-Metairie metropolitan area. Median household income: $50,082/year. Vacancy rate: 3.8%.
2BR FMR
$980/mo
Median Income
$50,082
Vacancy Rate
3.8%
Rent Burden
23.5%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $50,082/year can afford up to $1,252/mo in rent.
The 2BR FMR of $980/mo represents 23.5% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 3.8% in New Orleans-Metairie indicates a tight rental market. Low vacancy means more competition for available units and potential upward pressure on rents.
Frequently Asked Questions
What is the average rent in New Orleans-Metairie?
The 2026 HUD FMR for a 2-bedroom in the New Orleans-Metairie metro area is $980/month. 1BR: $781, 3BR: $1,243.
What is the vacancy rate in New Orleans-Metairie?
The rental vacancy rate in New Orleans-Metairie is 3.8%. A rate below 5% typically indicates a tight rental market.
Is New Orleans-Metairie affordable for renters?
With a median income of $50,082 and 2BR rent at $980/mo, rent takes about 23% of income in New Orleans-Metairie.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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