Section 8 Fair Market Rent (FMR) for ZIP 70190 - 2027

FY 2027 Fair Market Rent Rates

The area covered by ZIP code 70190 in Louisiana is a critical market for real estate investors, especially those interested in Section 8 housing. The Fair Market Rent (FMR) set by HUD for this zip code for fiscal year 2024 is a key figure for understanding rental values and tenant subsidies.

• Fair Market Rent (FMR): For ZIP 70190, the FMR is set at $1390 for fiscal year 2024, indicating the average monthly rent for a standard two-bedroom apartment under the Section 8 program.
• Market Rent: Data on the actual market rent for ZIP 70190 is currently unavailable, making it difficult to compare the FMR to typical rental prices without further investigation.
• Median Home Value: There is no available data on the median home value for ZIP 70190, which suggests that the area may be predominantly rental-focused rather than owner-occupied.
• Renter Share: The percentage of residents who are renters in ZIP 70190 is also not available, but given the lack of median home value data, there could be a significant number of renters in the area.
• Days on Market (DOM): The average days on market for properties in ZIP 70190 is currently unknown, which would be useful for gauging how quickly properties are typically rented out.
• Median Income: Information on the median income of residents in ZIP 70190 is not provided, which is essential for assessing the financial health of potential tenants.

Investors should focus on the $1390 FMR for two-bedroom units as a baseline for rental pricing and subsidy expectations. The absence of market rent data implies a need for direct research to understand the local rental dynamics beyond the Section 8 parameters. With the median home value data missing, it points towards a strong rental market, suggesting opportunities for landlords and small-portfolio investors. However, the lack of detailed local economic indicators such as median income and renter share percentages means that thorough due diligence is required before investing. This includes assessing the local job market, school quality, and community stability to ensure a steady stream of qualified tenants. Overall, ZIP 70190 presents a niche opportunity for those willing to dig deeper into the local real estate landscape.

Data Sources: FMR data from HUD (2027).

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.