Terrebonne Parish, LA

2024 Fair Market Rents

Tags: 2024 Houma-Thibodaux, LA MSA

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The top four largest cities in Terrebonne Parish are Houma, Chauvin, Schriever, and Gibson. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Terrebonne Parish use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Terrebonne Parish is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Terrebonne Parish compare?

Terrebonne Parish ($1,117) has a 10.6% higher FMR for 2-Bedroom housing than the average of Louisiana ($1,010) and therefore a higher gross rent.

Terrebonne Parish is rank 19th out of 64 counties. This means the FMRs, or in other words, the gross rent is higher than 45 other counties. Terrebonne Parish is the 19th most expensive county in terms of FMRs.

Rent Tables Terrebonne Parish, LA

Fair Market Rent (40th Percentile)

$757
studio
$900
1-Bedroom
$1,117
2-Bedroom
$1,397
3-Bedroom
$1,519
4-Bedroom

Median Rent (50th Percentile)

$803
studio
$954
1-Bedroom
$1,184
2-Bedroom
$1,481
3-Bedroom
$1,610
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
70344 $0 $710 $890 $1,140 $1,290
70352 $0 $710 $890 $1,140 $1,290
70353 $0 $740 $920 $1,150 $1,290
70356 $0 $710 $890 $1,140 $1,290
70360 $0 $1,010 $1,250 $1,560 $1,700
70361 $0 $930 $1,150 $1,440 $1,560
70363 $0 $870 $1,080 $1,350 $1,470
70395 $0 $810 $1,010 $1,260 $1,370
70397 $0 $870 $1,080 $1,350 $1,470
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
70344 $540 $639 $801 $1,026 $1,161
70352 $540 $639 $801 $1,026 $1,161
70353 $567 $666 $828 $1,035 $1,161
70356 $540 $639 $801 $1,026 $1,161
70360 $765 $909 $1,125 $1,404 $1,530
70361 $702 $837 $1,035 $1,296 $1,404
70363 $657 $783 $972 $1,215 $1,323
70395 $612 $729 $909 $1,134 $1,233
70397 $657 $783 $972 $1,215 $1,323
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
70344 $660 $781 $979 $1,254 $1,419
70352 $660 $781 $979 $1,254 $1,419
70353 $693 $814 $1,012 $1,265 $1,419
70356 $660 $781 $979 $1,254 $1,419
70360 $935 $1,111 $1,375 $1,716 $1,870
70361 $858 $1,023 $1,265 $1,584 $1,716
70363 $803 $957 $1,188 $1,485 $1,617
70395 $748 $891 $1,111 $1,386 $1,507
70397 $803 $957 $1,188 $1,485 $1,617

Fair Market Rents on this page apply to the following cities in Terrebonne Parish, Louisiana: Houma, Chauvin, Schriever, Gibson, Theriot, Dulac, and Donner.

These Fair Market Rents also apply to the following ZIP codes in Terrebonne Parish, Louisiana: 70360, 70363, 70344, 70395, 70356, 70361, 70397, 70353, and 70352.

Terrebonne Parish, LA is considered part of the following metro FMR area: HOUMA-THIBODAUX, LA MSA.

Other counties in the same metro FMR area are: Lafourche Parish, LA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.