Location: New Orleans-Metairie, LA | Metro: New Orleans-Metairie, LA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,960 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $2,960 |
| 5 Bedrooms | $3,434 |
| 6 Bedrooms | $3,846 |
| 7 Bedrooms | $4,154 |
| 8 Bedrooms | $4,362 |
U.S. Census Bureau data (2024)
The ZIP code 70082 is located in the suburban neighborhood of Destrehan, Louisiana. With a population of just 674 residents, it's a small community where nearly half of the households—46.0%—are renters. The median income and median home value data for this area are currently unavailable, indicating a lack of comprehensive financial metrics that could provide deeper insights into the economic health and housing trends of the region.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 70082 in fiscal year 2024 is set at $1720. This figure represents the maximum amount that a voucher holder can pay towards rent under the Section 8 program. However, without specific data on the local market rent, it's challenging to compare the FMR to typical rental prices. Nonetheless, given the high percentage of renters in the area, it suggests a strong demand for affordable housing options, which aligns well with the principles of the Section 8 program.
Considering the practical aspects for investors, ZIP 70082 seems to be more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The small population and limited available data indicate a lower potential for active property management strategies aimed at increasing rents or property values. Instead, the consistent demand for rental properties and the presence of a significant portion of renters make it a stable option for those looking to generate steady cash flow through Section 8 vouchers without the need for extensive property improvements or market interventions.
Investors should focus on properties that can meet the FMR standards at $1720 per month, ensuring compliance with the program requirements. This approach will likely yield reliable returns with minimal risk, making ZIP 70082 an attractive choice for passive investment in the Section 8 housing market.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.